Corporate and Business
The Blume Law Firm, LLC maintains a sound reputation in effectively assisting clients that need guidance with their business needs.
We are experienced in working with the following:
- Sole proprietorships
- General partnerships
- Limited liability companies
In every endeavor, whether it is preventing or resolving a problem, our goal is to give our clients more control over their business. If you are considering forming a new business, changing an existing business or if you are faced with a challenging small business situation we are here to help you make the best possible decision. We will explain the benefits and limitations of each business entity.
Choosing an Entity
One of the most important aspects of business formation is choosing an entity. The decision you make affects your taxes and personal liability should the business go under. Ultimately, the best choice of entity depends on your business needs and goals. The Blume Law Firm, LLC works closely with new business owners to understand their non-tax needs and assist in making an entity selection.
Other Business Start-Up Services
In addition to entity selection, The Blume Law Firm can assist new business owners with:
- Drafting and reviewing employee agreements
- Drafting partnership agreements
- Drafting, reviewing and negotiating vendor agreements and sales contracts
- Preparing articles of incorporation, by-laws and corporate resolutions
- Preparing articles of organization and operating agreements for an LLC
We will answer all of your questions about forming a business and your legal obligations as a business owner. Our goal is to prevent future disputes or conflict with your partners, employees, vendors and clients.
Corporations and LLCs
The main benefit of an LLC or a corporation is that these structures limit the owners' personal liability for business debts and court judgments against the business entity.
What sets the corporation apart from all other types of businesses is that a corporation is an independent legal and tax entity, separate from the people who own, control and manage it. Because of this separate status, the shareholders do not use their personal tax returns to pay tax on corporate profits -- the corporation itself pays these taxes. The shareholders pay personal income tax only on money they draw from the corporation in the form of salaries and bonuses.
Like corporations, LLCs provide limited personal liability for business debts and claims. But when it comes to taxes, LLCs are more like partnerships: the owners of an LLC pay taxes on their share of the business income.
WHY THE BLUME LAW FIRM
There are plenty of lawyers out there – so why should you choose The Blume Law Firm?
First and foremost, we understand business owners. We realize that you have big dreams, and spending your precious time and money on lawsuits is not one of them.
Honesty and integrity are central to everything we do. We work to provide every single client with the highest level of service, dedication, and expertise.
Because we have experience as business owners and not just business lawyers, we know how to confront the same issues that our clients confront every day, and that gives us a clearer, more practical understanding of how to help you succeed in today’s business environment.
Starting a business is a challenging venture. Let us help make sure everything goes smoothly and you start your business off on the right foot.