Establishing your new business is an exciting first step for entrepreneurs, but it can be challenging and overwhelming for business owners to decide the appropriate structure for their organization. Determining the correct entity- Inc., LLC. LP. – can have an enormous impact not only on your taxes but also on how much your personal assets are at risk. The interplay between corporate flexibility, asset protection and tax minimization are constant concerns facing our business clients every day. At Long & Long, LLC, we have set up entities ranging from the start up to subsidiaries of multi-million dollar corporations and can advise you on your first or twentieth venture.
Purchasing an existing business can be a sound investment, but due to the complex nature of a business transaction, it is best to have legal counsel on your side. Our business attorneys have advised dozens of clients on purchasing a business, and we are well versed on tax, liability and structural issues. From negotiating terms to legal due diligence, you need a trusted partner. Let us guide you through the common pitfalls for many business purchasers. The result is a straight forward process that enables you to launch your ownership phase profitably.
The difficult decisions do not end with once you have started or acquired your business. Well versed in business contracts, our team has helped business owners negotiate terms for shareholder agreements, property agreements, lease agreements, independent contractor agreements and more. As your business grows and develops, your legal needs may change. We work with clients to protect their assets and avoid business litigation issues. By planning ahead with consistent advisement, you can avoid costly legal issues and maximize your profitability over time.
After three generations, no one understands the complexities of a family business better than Long & Long, LLC. Our team of lawyers has extensive experience on all sides of family businesses. We’ve helped owners seamlessly turn over businesses to their children by navigating succession plans. However, as you may know, family businesses are unlike any other type of business because they mix the business dynamic with family relationships. We’ve guided families in difficult situations through buy-sell agreements that eliminate uncertainly and preserve peaceful family relationships.