Do I need legal help when buying or selling a business?
Yes. Legal guidance ensures:
- Proper documentation of the agreement to sell, and the transaction itself
- Management of risk
- Smooth transfer of ownership
As noted above, we strongly prefer to involve your accountant early in the process to maximize the tax efficiency of the deal.
What is business succession planning?
Succession planning prepares for the transfer of ownership or management of your business in the event you retire, become disabled, or pass away, ensuring long-term stability.
When should I form a business entity?
It’s best to form an entity before beginning operations to ensure proper legal and liability protection.
Should I form an LLC or a corporation?
The best choice depends on your:
- Business structure, such as the number of owners or investors and its intended purpose
- Tax considerations
- Liability concerns
We can help determine the right fit for your situation. As noted above, we strongly prefer to involve your accountant in the decision.
