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Starting a Business

Business Formations

A successful business begins with the right choice of business entity. Our attorneys can help you in the selection process so that you can keep taxes and liability low, while still providing an easily maintainable management and equity structure. Depending on your business’ industry, it may be possible and even advisable to combine one or more entities for added security, protection and insulation from lawsuits. This often includes consultation and advice on:

  • Corporations

  • Partnerships

  • Limited liability companies (LLC)

  • Limited liability partnerships (LLP)

  • Professional associations (PA) and professional corporations (PC)

  • Sole proprietorships

The lawyers at Fergus & Tomanka, PLLC can guide you through the business entity selection process and a manageable approach to daily operations and management structures.

Business Operations

Business Operations refers to the daily operations of the business. While this sounds like something you can handle on your own, ask yourself the following questions:

  • Can you maintain legally up-to-date employee handbooks as well as organizational policies and procedures?

  • Can you maintain state licensing and/or national affiliate requirements for the entire Board, the Executive Director, and all employees?

  • Can you write your own business succession and management agreement (what happens to your business when you pass)?

 

If you answered no to any of the above questions, let our attorneys draft policies and procedures, contracts and subscription agreements, liability releases, and more for your business! 

Business Governance

Our attorneys have the unique advantage of being on three local non-profit Boards as well as representing several other businesses in town with Board of Director governance structures. Many times Board members aren’t aware of their obligations and duties, let alone what duties the organization’s Executive Director holds, this is especially scary when the Board member is the Treasurer.

Have questions? Call our attorneys at (325) 232-8218 to schedule a consultation today!