Our Philadelphia business formation lawyers assist clients in selecting a suitable legal structure tailored to their business's specific needs and goals. Forming a business entity involves considering various factors such as tax, liability, regulatory, and corporate governance issues. All of these considerations may vary depending on the client’s choice of entity. Our corporate and business formation attorneys have experience forming LLCs, LLPs, C Corporations, S Corporations, and Partnerships. At Omni Law, P.C., we take into account all the facts and circumstances when making a recommendation regarding the type of entity a client should elect to form. If you retain our law firm to assist you with your entity formation matter, we will explain the differences and their long-term impacts with clarity and precision so that you can make informed decisions about your business’s future.
In terms of corporate governance, we can help you prepare all the important and often necessary documentation needed to ascertain ownership of a company, dictate how it operates, and govern how officers and owners conduct decision-making. Some related documents that we have experience drafting include articles of incorporation, articles of organization, bylaws, shareholders’ agreements, corporate resolutions, and operating agreements.
Courts consider these documents when determining a business's liability in lawsuits and whether plaintiffs can pursue members, officers, shareholders, or directors personally to satisfy a judgment. When a court reaches through an entity's shield of liability, it is said to pierce the corporate veil.
The absence of a well-drafted and thorough shareholders’ agreement or operating agreement, for example, could also impact what happens upon the occurrence of certain events, such as the death of an owner, the dissolution of the company, a dispute over ownership, or the assertion of minority ownership rights. Consequently, when a company does not have governing documents, then Title 15 of the Pennsylvania Consolidated Statute supplies the relevant rules that govern what happens when one of the previously stated events takes place.
There are many other legal implications that come with forming a business entity, and that’s why it's so important to retain an experienced business formation attorney who can navigate legal complexity and turn it into actionable insight and provide comprehensive strategies.
Do I Need a Philadelphia Business Formation Attorney?
Although hiring a business formation lawyer is not mandatory, it is advisable as they can help navigate legal complexities and make informed decisions to mitigate risk and liability exposure. While no result can be guaranteed, you can feel confident that a business formation lawyer in Philadelphia will help you lay the foundation for a legally compliant and well-structured business. Furthermore, businesses must adhere to local, state, and federal laws. There may also be industry-specific regulations that need to be considered as well. Having knowledge of these laws, business formation attorneys can advise you of their existence and help you establish internal compliance protocols and procedures.
Overall, our dedicated business formation lawyers guide our clients beyond their corporate structure and documentation. We provide comprehensive legal services that can help you and your business.
How can Business Formation Attorneys in Philadelphia help you?
Here are some of the other ways in which our experienced Philadelphia business formation attorneys help our clients:
- Creating foundational documents such as partnership, operating, and shareholders’ agreements to outline parties' roles, responsibilities, and expectations.
- Diligently reviewing and drafting these documents to protect the business owners' interests and reduce the risk of future disputes.
- Advising on the tax implications of different business structures and helping to choose the one that makes the most sense from a tax liability perspective.
- Obtaining necessary tax identification numbers and ensuring compliance with tax filing requirements.
- Protecting the business's intellectual property, including trademarks and copyrights, from the start to facilitate brand and product protection.
- Navigating the myriad of local, state, and federal regulations that apply to the business’s specific industry.
- Assisting with obtaining the necessary permits and licenses to operate legally.
- Identifying potential legal risks and implementing strategies to mitigate them.
- Structuring the business in a way that minimizes exposure to liability, such as by forming an LLC or corporation and adhering to the entity’s formalities.
- Drafting and negotiating investment agreements and advising on funding options.
- Facilitating the smooth and efficient formation process, allowing the business to start operations quickly.
- Providing legal frameworks that support the business's long-term goals and operational needs.
- Offering strategies to resolve disputes among founders or with third parties and drafting dispute resolution clauses in formation documents.
Our lawyers and support staff are committed to being available and responsive, ensuring we are true partners in your business formation journey.
Comprehensive Legal Support for Established Businesses in Philadelphia
For already established businesses, our Philadelphia business attorneys can:
- Review and negotiate new contracts with suppliers, clients, partners, and employees to protect your interests.
- Help you create employment contracts and policies that comply with labor laws and protect the business from potential disputes.
- Manage and protect your intellectual property to help with trademark renewals, copyright issues, and protect your IP rights against infringement.
- Identify and develop strategies to mitigate risk associated with your business operations.
- Handle disputes, whether with employees, customers, suppliers, or partners, through negotiation, mediation, arbitration, or litigation.
- Provide ongoing advice to help your business adhere to good corporate governance practices.
- Assist with the preparation and documentation of board meetings and shareholder meetings.
- Conduct due diligence if you are considering merging with or acquiring another business.
- Structure and negotiate the transaction terms to protect your interests and facilitate a smooth process.
Our Philadelphia business formation attorneys provide ongoing support and the legal experience necessary to handle diverse types of challenges that business owners may face. Moreover, we can help your company remain compliant, well-structured, and prepared to handle legal challenges.
Searching for a business formation lawyer in Philadelphia? Contact us!
Our lawyers will help you understand how we can protect you and your company’s best interests. To learn more about how to smoothly and efficiently form a business entity, schedule a consultation by calling (323) 897-8664.
Contact Omni Law P.C. for Transactional, Business, and Corporate Legal Services.Seeking knowledgeable guidance for your business? Omni Law P.C. focuses on providing flexible and affordable legal services to businesses, executives, and founders across various industries. Our experienced attorneys have a deep understanding of corporate transactions, intellectual property, commercial agreements, and emerging technologies. Whether you require assistance with contract negotiation, trademark registration, or mergers and acquisitions, we provide strategic legal advice tailored to your unique needs. Contact us today at (323) 897-8664 to see how we can provide the legal support to help you achieve your business objectives.
Frequently Asked Questions (FAQs)
Alex Davis
Alex Davis is the founding member of Omni Law P.C. His practice focuses on providing high level strategic advice and guidance on deal structures, negotiating complex transactions, and offering personalized legal services.
Kathy Fox
Maclean Bowers
Contact Omni Law P.C. for Transactional, Business, and Corporate Legal Services.
Seeking knowledgeable guidance for your business? Omni Law P.C. focuses on providing flexible and affordable legal services to businesses, executives, and founders across various industries. Our experienced attorneys have a deep understanding of corporate transactions, intellectual property, commercial agreements, and emerging technologies We offer businesses the outside counsel they need to succeed. Whether you require assistance with contract negotiation, trademark registration, or mergers and acquisitions, we provide strategic legal advice tailored to your unique needs. Contact us today at (323) 300-4184 to see how we can provide the legal support to help you achieve your business objectives.
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