Minnesota Business Formations Attorney
"Do I want to go into business? If so, how do I go about organizing so that I'm legal? What type of tax entity should I choose? How much protection do I need between myself and my creditors?"
These are the types of questions that plague anyone wanting to start a business. Luckily, there are professionals who can help you. Weinrich Law Office has extensive experience providing guidance to individuals who want to start new businesses. We can guide clients from start to finish in business formation from choosing an entity, drafting bylaws and operational documents, and filing all the necessary paperwork through all the stages of owning a business.
We can educate and guide clients on the pros and cons of the different types of business entities, including:
- Limited Liability Company (LLC): Offers more protection from liability and is relatively easy to set up. LLCs are more informal, flexible and there is less complicated follow up.
- Subchapter S: This type of corporation is a little more complicated to set up. They require bylaws, formal paperwork and the maintenance of record books. A Subchapter S does require you to spend a little more time being concerned about the details and how things will be arranged. Our firm can guide you through the entire process.
- Sole proprietorship: Ultimately, in a sole proprietorship, you are the one who is on the line. All of the protection and liability fall directly on the shoulders of the owner. There are costs and benefits to this type of formation, and we can explain them to you.
- Partnership: If you want to go into business with someone else but do not want to set up a formal corporation you still need to enter into a Partnership Agreement dividing responsibility between yourself and your partner or partners. Having your agreement in place at the beginning can avoid a lot of problems and arguments in the future.
We find that many clients who come to us in business formation come back to us in the future to help resolve other matters. Our firm is a legal resource that business owners can turn to assist with contracts, update paperwork, add partners and resolve many other dilemmas. We can help people start businesses and follow through on any other issues that arise.
Contact Our Firm
If you have questions for a Rochester lawyer regarding Business Law, schedule a consultation with Gerry at Weinrich Law Office by calling 507-216-0217 or complete the e-mail form located on this website.