Business Planning

Business Planning

Whether you are forming a new business venture or re-evaluating a current one, the attorneys at Kling Law Offices will make sure your future is protected and preserved. Our experienced attorneys provide legal advice and counsel throughout the life of your business. It is important to contact an attorney for guidance involving business planning to avoid future issues and to ensure your business is a success.

We offer counsel in a number of business planning areas including:

Business Succession Planning: The process of explicitly defining exit-related objectives for the owner(s) of a business, followed by the design of a comprehensive strategy and road map that take into account all personal, business, financial, legal, and taxation aspects of achieving those objectives, usually in the context of planning the leadership succession and continuity of a business. The strategy should also take into account contingencies such as illness or death.

Liability Protection: Protects your small business in the event of a lawsuit for personal injury or property damages. It will usually cover the damages from a lawsuit along with the legal costs. Depending on your business needs, liability insurance can be purchased in many forms.

Tax Savings and Elimination Strategies

Buy/Sell Agreements

Recapitalization Plans: Plans for corporate reorganization involving substantial change in a company’s capital structure. Usually, the large part of equity is replaced with debt or vice versa.

Entity Formation – LLC, LLP, Sole Proprietorship, Partnership, S-Corp: This decision will be based upon, in large part, the type of business you are creating and the extent to which the entity will protect its principals from personal liability. Determined by the size and scope of the business, and its anticipated management and ownership.

Registered Agent Services: A registered agent is a person or entity, designated in the articles of incorporation / organization, who can accept legal documents and notifications from a state office on behalf of a corporate entity. All corporations and Limited-Liability Companies (LLCs) must choose a person or entity to act as their registered agent. There are few restrictions regarding who can be a registered agent other than that the person or entity must be located and available at a physical street address within the state during normal business hours.

Please contact Kling Law Offices for your comprehensive business planning and business law needs.