Do you have a brilliant business idea? Whether you’re starting a company in energy, transportation, real estate, or tech, odds are you have a plan to revolutionize the market and create new opportunities for consumers and workers alike. But no matter how good your plan is, it will only work if you start the business on a strong footing. That means incorporating the company properly, exploring different tax arrangements, and determining ahead of time how you want to manage the firm.
As a team of business lawyers with experience in Central Arkansas, Mann & Kemp knows all the dos and don’ts of business planning. We help your company navigate its earliest stages and get off to a strong start. With our assistance, there will be no legal barriers between your good ideas and longstanding success! Mann & Kemp handles a cornucopia of business planning services, including:
The first step in starting a business is determining how you want to incorporate the company. There are a number of incorporation options that allow you to limit your liability and that of your partners or initial investors. These include the limited liability company, the partnership, and the membership unit. We help you weigh all of these possibilities, choosing the one that suits you best based on your field, your plans for expansion, and the number of people you’re going into business with.
In addition to business lawyers, we have a tax attorney team that can anticipate your likely tax burden and come up with strategies to minimize it. When you first go into business, the way you structure your company can have a significant impact on this burden. We help you decide whether to operate as a partnership, disregarded entity, C-corporation, or S-corporation. In this process, we take into account not just taxes, but all other constraints and opportunities that each option can create.
If you start out with a clear sense of how you run your business, you’re far more likely to succeed. We thus help you develop a plan for every aspect of the management process. This includes not just how you’ll operate the company from day to day, but also how your shareholders will vote and what powers each official will hold.
Mann & Kemp believes new businesses are essential to the success of not just their founders, but the entire community. For this reason, we strive to get each company we serve off to as strong a start as possible. For more information or to request our assistance with your business, contact us today.
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