CORPORATE BUSINESS FORMATION
PROTECTING YOUR BUSINESS FROM LIABILITY LURKING BELOW
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The business world is full of pitfalls and sharks. At Snyder & Wiles, we help you navigate the waters calmly and avoid as much risk as possible.
Lehigh Valley Corporation Attorney – 5 Reasons to Use an Attorney to Create Your Corporate Structure:
There are a number of different ways that a business owner can create a business corporate structure, i.e., LLC, Corporation – “S” Corp or “C” Corp, Partnership, Limited Liability Partnership and the list goes on. Are you qualified to determine which structure is best for you? There are many reasons that a business owner should use an attorney rather than choosing a more inexpensive option such as a legal website or a how-to book:
- Liability Protection
The most common reason for creating a corporate entity is to shield the business owner from potential liabilities of the business. To avoid these potential liabilities, a business owner must create a proper corporate structure. Relying on generic forms from a website or book could result in corporation that can be defeated in court. A business owner should choose an experienced attorney to complete the corporation process as a way to make certain that the corprate veil properly protects the business owner from risk.
- Business Structure
A business owner may be interested in creating one type of business structure, but that may not be the best choice in every situation, but other structures may prove a better fit. An attorney can help the business owner to choose and create the right corporation structure to meet the needs of the specific owner and business. This is especially true in consideration of specific state laws that change frequently due to the passage of new legislation or recent court decisions.
- Complicated Business Ownership
It is more difficult to create a valid corporate structrue when a business has more than one owner. Even if a married couple owns the business, there are a number of potential complications when forming a corporation. While most websites that provide legal forms claim to be able to handle this situation, getting the expert advice and knowledge of an attorney is the only way to be certain that ownership issues are handled correctly.
An attorney that is familiar with the corporate process can help a business owner to identify potential problems due to state or local laws and regulations or specific business nuances that a website or book will not identify. The attorney may be able to find ways to reduce the tax liability of the business or the business owner as well. An attorney can also make the owner aware of any periodic business reporting that the corporation will be required to make.
- Time Savings
While it is not difficult to fill out the forms to create a corporation, it is a lot easier for a business owner to turn the responsibly of completing the proper paperwork over to a lawyer. By letting an attorney handle the paperwork a business owner can focus on his or her strength: running the business. As an attorney is more familiar with the corporation process, the attorney can create the corporation in less time than a person inexperienced with the process.
At Snyder & Wiles, we Help You Get the Most Out of Your Business As an integrated full-service law practice, we also explain several estate planning issues that should be considered in conjunction with any small business startup or rights to intellectual property. We explain the issues and concerns involved and propose estate planning strategies, which will protect your business and what is most important to you. Contact us for a consultation, 610-391-9500.
In every area of law, it is important to have a strong personal connection between attorney and clients, and this connection is especially key when it comes to your business. When it comes time to take action, you need to be comfortable with the advice you receive is essential. Contact Snyder & Wiles, PC for a consultation regarding your business. 610-391-9500, or fill out the form on this page.
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Attorney Wiles has assisted my entire family in many areas of the law including: estates, real estate, business matters, as well as elder law. She is very thorough and detail oriented, extremely knowledgeable, and compassionate.
Caring, top quality legal work in Allentown.
Gladys Wiles is a well-known and respected community leader. In addition to her volunteer work to support and enhance the local YWCA, she is a valuable resource among small business owners. Always available for preliminary guidance and direction, Ms. Wiles has a willingness to present general information so those of us outside the field of law know when it is time (or not) to retain an attorney.
I endorse this lawyer. Gladys is an outstanding lawyer. She sees issues that other lawyers miss. In summary, she is an exceptional litigator, a skilled communicator, and a terrific advocate for her clients. Clients are extremely well-served by her being their lawyer.
“I can’t say enough about Gladys, Merna and whole team. They are there for me for my business and personal attorney needs. This team truly cares. They explain things in simple terms you can understand. They go above and beyond! I recommend everyone to Snyder Wiles. Highly recommend!”
Working with Attorney Wiles and her staff is such a blessing! They make you feel comfortable and that they will do their best to help you anyway they can. Attorney Wiles is the most respectful and caring person. You never feel like you are a bother when you call for anything. I would not deal with another Attorney again. I HIGHLY recommend Snyder and Wiles to anyone!
I have the privilege of knowing Gladys and calling her friend. She has helped me with personal and business advice. Gladys wants the best for her friends, colleagues and clients; it shows through her work! She wins cases big and small! I must warn you..DON’T DRIVE DRUNK because if you do, you will lose!
Working with Gladys Wiles was extremely easy. We needed our operating agreement documents re-done and Gladys helped us with this. She was very easy to work with and incredibly knowledgeable about our issue. She delivered the documents before she said she would and we used them right away. I would absolutely use Snyder & Wiles again and would recommend Gladys to anyone who needs legal advice and/or help. She is great!
Gladys Wiles is a hard working lawyer in the Allentown PA area and is building trust in the community one successful result at a time.
As a real estate investor, Gladys helped me negotiate purchases, drafted contracts and leases and handled my real estate closings. I appreciate the timeliness of all of your work and the professionalism of your staff. Looking forward to do more real estate deals with Snyder & Wiles!