Business Law
From formation to sale, ensuring your business has solid legal support is key to long-term success.
Key Things to Know
When forming a business, choosing the right legal structure is crucial to protecting your personal assets.
Buying or selling a business involves complex legal transactions that can have lasting impacts.
Closing a business requires dissolving legal ties and addressing any outstanding liabilities.
How Allison Cath Law Can Help
We help you set up corporations and LLCs, drafting all necessary documentation to ensure compliance with state and federal laws.
We offer expert guidance through business transactions, ensuring that contracts and agreements are sound.
Our team helps you navigate the closure process smoothly, minimizing potential liabilities and ensuring all legal matters are resolved.
Frequently Asked Questions
1. What is the difference between an LLC and a corporation?
An LLC offers more flexibility in management, while a corporation provides greater liability protection for shareholders.
2. What do I need to know when buying a business?
Make sure all legal documentation is clear, conduct due diligence, and ensure that liabilities or outstanding debts are addressed in the contract.
3. Can I dissolve a business at any time?
Yes, but the process involves several legal steps, including notifying creditors, filing final tax returns, and formally closing the entity with the state.