Business Organization

When starting a business, it is vital to select the optimal organizational structure. The form of entity selected for the conduct of a business greatly impacts the daily operations of the business, the income tax consequences and the liability exposure, not only to the business but also to its owners.

Kathryn Drake. has assisted hundreds of clients with this step of business formation. We review the goals and individual facts present in each situation and recommend the best entity and the different elections or options available under each. The types of entity include:

  • Limited or general partnerships
  • Limited liability companies (LLC)
  • Corporations, C or sub-S

Our services extend beyond the simple selection of an entity. We are involved from the initial conference and decision-making, through document preparation and filing with appropriate authorities, to post-formation activities such as preparation and adoption of bylaws and director / shareholder resolutions. After a startup business is underway, we can assist further with any business and commercial law matters that may arise.