Olympia Lawyer Assisting Washington Businesses With Entity Formation
Getting off on the right foot is one of the most important parts of starting a business. Picking the right business structure is important to getting off on the right foot. How you structure your new company can have an impact on your ability to raise capital, the ease with which you can bring on new partners, the extent to which you will be shielded from liability, and your obligation to pay taxes. It is, therefore, important that you pick the right structure for your new enterprise and that such a structure be set up correctly. Ben Cushman is an Olympia business law lawyer who helps companies with business formation. We can help whether you wish to start a partnership, an L.L.C., a corporation, or some other type of company. Call today to speak with an attorney. We also help those in Tacoma and in other parts of Washington.
Lawyer setting up L.L.C.’s, partnerships, and corporations for businesses in Olympia, Tacoma, and elsewhere in Washington
There are several different ways in which a new business can be structured. You may choose to set up your new company as a sole proprietorship, a partnership, a Limited Partnership, a Limited Liability Company, or as a corporation. There are pros and cons to each of these approaches. Sole proprietorships and partnerships generally leave their owners exposed to personal liability but also provide the greatest amount of flexibility. Limited Partnerships, Limited Liability Companies, and corporations can shield their owners from liability but come with additional restrictions in terms of regulation, the ability to bring in investors, and more. There are also significant differences as to how each of these types of entities are taxed. These types of issues, for obvious reasons, will impact your choice of a business structure.
The first step in forming a new business is to determine both your immediate goals and your long-terms needs. This will allow for the choosing of a structure which protects your interests today while giving your company room for future growth. Once the proper type of entity has been selected it is necessary to draft any needed articles of incorporation, company bylaws and agreements. Once these documents are completed then your company may be formed by filing requisite paperwork with the Secretary of State’s Office. The company will then acquire an EIN from the IRS as well as any needed state and local business licenses. As you move forward with your business it will be necessary to ensure that all rules are followed, that all records are kept up to date, and the any necessary licenses are renewed. This process can seem overwhelming. It is suggested that you retain an experienced attorney to help you.
Ben Cushman is an Olympia business formation lawyer who helps Washington entrepreneurs. Ben will use your initial consultation to gain an understanding of what your company does and of the future needs it may have. He will analyze your personal situation and your long-term goals to help you in selecting the proper business structure. Our firm will draft all necessary agreements, contracts, and applications. We will work to identify potential future issues when preparing these documents. This will help keep your business efforts from being derailed by unforeseen events. Ben will file your formation documents and will help you with obtaining necessary licenses. As times goes on our firm will make sure that you stay up to date with your filings and that your needs are met. Contact our office today.
Our firm also serves the Thurston County cities of Lacey, Tumwater, and Yelm, the Pierce County cities of Tacoma, Puyallup, and Lakewood, the Lewis County cities of Centralia, Chehalis, the King County cites of Seattle, Auburn, Bellevue, Burien, and Federal Way, as well as other areas in Washington, including Grays Harbor, Mason, Cowlitz, and Pacific Counties.
Lawyer making sure that they are available for Olympia business owners
Time can be of the essence when you are running your business. This is why you need an attorney who stresses client communication and who makes himself available to answer your questions. Ben returns all phone calls within one business day and typically responds on the same day. We also promptly respond to emails and provide an online portal so that clients can access important documents. We are honored to serve the Olympia business community and this high level of communication is a promise we make to each of our clients.