Boston Business Formation Attorneys
When starting a new business, choosing the right business entity is the essential first step toward creating a business and building a legacy. Typically, new business owners elect to form a limited liability company, corporation, S-corporation, or a limited liability partnership for their new business venture. There are different tax and structural advantages to each and choosing the right one should be based on your organization's unique characteristics, goals and forecast. The business attorneys at Milligan Coughlin will help you choose the entity that is right for you.
Business Formation is tricky, don't get in over your head
There are many steps that may need to be taken at this early stage in order to protect your business and keep it in compliance with state and federal law. Some of these early steps will likely include:
- Choosing and Reserving a Name for Your Business
- Getting an Employee Identification Number (EIN) From the IRS
- Opening Business Bank Accounts
- Determining who will be Shareholders of your Corporation or Members of your Limited Liability Company (LLC)
- Appointing Managers and Directors
- Filing Articles of Organization or Articles of Incorporation with the Secretary of State
- Creating an Operating Agreement or Bylaws
- Holding Your First Board Meeting
- Issuing Stock Certificates to Your Initial Owners
- Securities Law Compliance
- Obtaining licenses and permits
- Applying for Trademarks
- Drafting Employment Agreements
Boston Business Lawyers
Starting a business is a serious undertaking with many traps for the unwary. Without the right business and legal advice, a new business owner could be unknowingly violating state or federal law, or leaving themselves unnecessarily exposed to personal liability. Don't go through the incorporation process alone. Milligan Coughlin's business attorneys will guide you and your business through every step.
Contact a business and commercial law attorney to schedule a free initial consultation to discuss which type of entity is right for your business. Call 617-500-3694 or contact us via email.