Coleman Legal Group, LLC

Litigation - Business Law

Business Law | Probate | Credit Repair and Settlements | Loan Modification

Our litigation attorneys are experienced in a broad range of business law services which includes, but not limited to:

Class Action Law Suits
Business Disputes and Litigation
New Business Formation
Partnerships
Insurance & Finance
Contracts
Employment and Labor Law
Technology, Internet, and E-Commerce
White Collar Crime
Business Fraud
Business Related Law Suits

New Business Formation

Law Office of Danny Coleman, litigation attorneys offering a broad range of business law services. Small businesses often need legal assistance in the initial stages of setting up the business. Many people starting a new business are surprised (if not shocked) at the amount of paperwork and tasks that have to be completed. In addition, small to medium size businesses often need help with ongoing legal issues. These issues may include: employment, limiting liability, government regulation, drafting contracts, and negotiating agreements. We frequently help new and established business owners with the following:

Franchise and Lease Agreements,
Buy/ Sell Agreements,
Stockholder and Owner Disputes,
Business Agreements and Contracts,
Business Name Searches and Registrations,
S-Status Registration with the IRS,
Stockholder Agreements and Operating Agreements,
Articles or Incorporation and Articles or Organization,
Corporate By-Law and Stock Distributions,
Partnership Agreements,
Non-Profit Organizations,
Website Registration and Vendor Contracts,
Enforcement of Contracts and Agreements, and
Employee, Hiring, Insurance, and Benefit Issues.

Litigation- Business Law FAQs

I'm Setting Up A New Business. Do I need To Incorporate or Set up an LLC?
What is "limited liability" protection?
Which is Better For My Business -- Incorporation or Setting Up an LLC?
What is an "S Corporation"?
What is a "C Corporation"?
What is an "LLC"?
HOW DO I GET STARTED?

I'm Setting Up A New Business. Do I need To Incorporate or Set up an LLC?

Answer:

Probably so, However, this will ultimately depend on the following:
-The type of business you are starting (Service, Real Estate, Franchise Etc.);
-How you plan to raise capital;
-The number of owners or shareholders the business will have;
-The requirements of your vendors, partners, or customers; and
-The short and long term needs of your business.

If you operate as a sole proprietorship or a general partnership, this will expose all of your personal assets at risk for business debts or lawsuits. Therefore, it is usually recommended that the business be incorporated or a limited liability company (LLC) be formed. A corporation and a LLC, both offer the benefit of limited liability protection.

What is "limited liability" protection?

Answer:

Limited liability means that you, as the owner of the business, are not personally liable for the debts or obligations of the business. Choosing to incorporate or form an LLC can be very important. Choosing the correct business formation can protect you from the risk of losing your home or other assets because of a business debt, lawsuit or other claim against your business.
It is important to remember that you must properly separate your business operations from your personal finances, and also follow other legal rules, in order to ensure that you keep your limited liability protection. These issues are reviewed with all clients who are forming new businesses.

Which is Better For My Business -- Incorporation or Setting Up an LLC?

Answer:

It depends on the type of business you have. There may be tax advantages to choosing one over the other, but we would need to meet with you and understand the details of your business in order to advise you on the question. You can get the benefits of limited liability protection with both a corporation and a limited liability company (LLC).

What is an "S Corporation"?

Answer:

An "S Corporation" is a regular corporation that has filed an election with the Internal Revenue Service to be taxed as a partnership. By making this election, a business owner can enjoy the limited liability protection of the corporate form, together with the pass-through tax advantages of a partnership. Depending on your business needs, forming an S Corporation might be the best option for your business.

What is a "C Corporation"?

Answer:

A "C Corporation" is a regular corporation. In other words, a corporation that has not filed an "S" election with the Internal Revenue Service. Depending on your business needs, forming a C Corporation might be the best option for your business.

What is an "LLC"?

Answer:

LLC is an abbreviation for "Limited Liability Company." This is a relatively new type of business organization, that combines the characteristics of a partnership and a corporation. LLCs have become very popular for small businesses. Depending on your business needs, forming an LLC might be the best option for your business.

HOW DO I GET STARTED?

Answer:

Call our office at 770-609-1247 and make an appointment for a consultation with one of our attorneys. Of course, if you have any questions in the meantime, please do not hesitate to call.

We hope you find this information helpful. Please contact our office if you have any questions.