Solliday Law assists entrepreneurs throughout Arizona with entity formations, franchise agreements, and business transactions. Arizona business law attorney Robert P. Solliday is able to offer small business owners comprehensive legal support because of his related taxation, real estate, and estate planning experience and education.
Robert can help you structure your business in a manner that suits your business plan, and protects you from legal and financial liabilities. When embarking on a new enterprise, it is important to comply with real estate and Arizona and Federal taxation laws, as well as business regulations; Robert possesses the knowledge and foresight to help you establish a stable foundation for your new business. In addition to assisting clients with start-ups, he advises potential franchise owners by reviewing franchise documents and explaining the rights and obligations that accompany ownership. Arizona law provides for many types of business organizations that have various benefits depending on the size, mission, and ultimate goals of the business, for example:
One benefit of forming a corporation is that the owner or owners of the corporation have limited legal liability for the corporation's business activities and debts. Also, many business owners appreciate the established power and management structure of the corporate form, which consists of directors, officers, and shareholders. However, before establishing a corporation, entrepreneurs must consider the time and cost of incorporation and potential tax liability, and whether the formalities required by incorporation truly fit your business plan.
Limited Liability Companies ("LLCs")
LLCs offer protection from personal liability for business debts and a pass-through tax structure, which means that an LLC is not considered separate from its owners for tax purposes. Small businesses often prefer the relative simplicity and flexibility of LLCs to corporations; however LLCs work best with only a few investors -- those who will be active in the business's operations -- rather than multiple investors from the general public.
A partnership is the simplest and least expensive co-owned business structure to create and maintain; however, with general partnerships, partners are personally liable for all business debts and obligations.
Before your business opens its doors, we can help make sure your business meets all of the legal requirements of the organization that you have chosen, including necessary disclosures to investors and confidentiality and noncompetition agreements, among other documents.
Once your business is properly formed, it remains imperative to meticulously draft thorough transaction documents and contracts. Solliday Law can help you prevent losses and minimize the likelihood of future disputes by preparing documentation and advising you on the merits and risks of your potential business deals. For example, if you are entering into a contract with a supplier or customer, Robert can analyze the impact of the transaction on your present and future operations. In addition, he regularly counsels clients with regard to buy-sell agreements and other types of asset sales, including those between old and new business partners. When your business enters into agreements and contracts with other entities, careful compliance with state and federal laws is crucial, especially when determining the tax implications of a particular course of action. Robert can help to make sure your business transactions are legally above-board, and fundamentally beneficial.
Arizona Business Law Attorney
What evidences his legal abilities is that many of Robert's clients are lawyers and business peers who have also achieved the highest level of excellence and ethics in their chosen professions. If you have to select a lawyer, wouldn't you prefer a lawyer that others lawyer have chosen to handle their legal matters?
We take pride in providing small business owners with comprehensive legal service. Please contact Solliday Law for quality legal representation at cost-effective rates.