Business Law

First things first: What legal structure best suits your new business?

We ask the probing, relevant questions right from the start, so you can operate most effectively and protect your personal assets.  We can help you at every step along the way, with contracts, employee relations, lawsuits and collections.

C corporation: C corporations are generally large companies with thousands of shareholders. Most often, they are publicly traded corporations. The C corporation is a taxable entity. This means that if the company has losses, they cannot be deducted by its shareholders.

Limited liability corporation (LLC): A Limited Liability Corporation is less formal and less expensive to start up than a C corporation. One advantage is that it offers liability protection to the company’s members. Profits and losses are passed through to the LLC’s members on their individual tax returns.

S corporation: The S corporation has become one of the most common types of the small-business corporations. An S corporation protects its shareholders from the debts of the corporation. The profits or losses pass through to the shareholders directly. This eliminates being taxed once on the corporate dividends and then again on your personal income.

Sole proprietorship: It’s the easiest form of business ownership to set up at a minimal cost. There are no complex forms or endless government paperwork required to set up a sole proprietorship.

Business Law areas:

  • Business formation
  • Contract drafting
  • Non-compete agreements
  • Tax-related issues
  • Dissolving the business
  • Partnership disputes
  • Defending lawsuits

Click here to reach me for a free assessment 

Armene Kaye, Esq., Attorney at Law
Call me today! (248) 496-9500