Business Formation, Acquisitions, Operations, and Family Businesses
At King Legal Group, our attorneys take pride in guiding clients through the intricacies of starting, acquiring, operating, and selling businesses. We offer expert legal advice to both business startups and long-standing corporations.
Business Formation
Embarking on a business venture can be overwhelming. From determining the appropriate structure, such as Corporation, Non-Profit, LLC, or LP, our attorneys help you navigate these choices. We work with you to find the right mix of corporate flexibility, asset protection, and tax efficiency to promote your business's growth.
Acquisitions
At King Legal Group, we understand that acquiring a business is not just a financial transaction, but a process involving due diligence, strategic negotiation, and thorough understanding of legal and regulatory implications. Our attorneys are skilled in ensuring compliance with relevant laws and identifying potential risks and liabilities. We work meticulously to safeguard your interests, ensuring that every aspect of the acquisition, from valuation to contractual agreements, aligns with your strategic objectives.
Operations and Compliance
As your business evolves, so do your legal needs. Our attorneys assist in reviewing contracts and negotiating terms across various agreements, including shareholder, property, lease, and independent contractor contracts. Our goal is to safeguard your assets, allowing you to concentrate on your area of expertise — business growth.
Family Businesses
Handling legal matters within a family business context requires a delicate touch and a deep understanding of the unique dynamics involved. At our firm, we recognize the sensitivity of family business matters, especially when it comes to contracts, buy-sell agreements, and related legal documents. We appreciate that these agreements not only shape the future of the business but also impact family relationships.
Please don't hesitate to reach out to us for a free consultation at 724-836-1500, or visit our Contact Us page. We're here to help.
These agreements are instrumental and essential when starting, buying, or selling a business, making contractual arrangements with vendors and partners, merging professional practices, arranging for the rental and acquisition of equipment, land, office buildings, transferring service contracts and leases in progress, merging of staff, and in order to provide tax savings and operating advantages.
Call us today at 724-836-1500.
Attorneys have the legal expertise to guide you through the complex process of navigating the various legal requirements and regulations that apply to your specific type of organization.
We help protect your interests by drafting and reviewing contracts, agreements, and other legal documents. We can also advise you on the best ways to structure your organization to minimize legal and financial risks, as well as keep you in compliance with all applicable laws and regulations.
Our firm has structured and incorporated churches, beneficial societies, veterans’ organizations, professional corporations for healthcare providers and lawyers, businesses involving retail sales, services and manufacturing, and more.
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At King Legal Group, we have taken the lead in shifting most of our small business clients into limited liability companies (when it is in the best interests of our clients) and away from the formal corporate structure to avoid double taxation of income and to reduce expenses inherent in more traditional entities, which have less flexibility for owners.
Limited liability companies provide flexibility for the small business owner and limit the owner’s personal liability arising from the business activities, while simplifying and minimizing the tax burden to the owner and the business.
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Partnerships are typically structured as either general partnerships or limited partnerships:
In a general partnership, all partners have equal rights and responsibilities in the management of the business and share in the profits and losses. General partners are also personally liable for the debts and obligations of the partnership.
In a limited partnership, there are both general partners and limited partners. General partners have management control of the business and are personally liable for the debts and obligations of the partnership. Limited partners, on the other hand, are typically passive investors who contribute capital to the business but have no management authority or liability beyond their investment.
Partnerships are typically formed through a partnership agreement, which outlines the terms and conditions of the partnership, including the rights and responsibilities of each partner, the profit and loss sharing arrangements, and the process for resolving disputes and dissolving the partnership.
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At King Legal Group, we can develop a tax planning strategy that minimizes your tax liability and takes advantage of all available deductions, credits, and exemptions. We help you structure your business in a way that optimizes your tax benefits, and we can advise you on whether to form a corporation, LLC, or partnership, and help you choose the best tax status for your business.
Tax laws and regulations are complex and constantly changing. Our experienced attorneys help ensure that your business is in compliance with all applicable tax laws and regulations, including filing deadlines, reporting requirements, and tax payments. This can help you avoid costly penalties and legal issues.
Call us today at 724-836-1500.