Formation
Engaging legal services when you are starting your own business is a lot like buying a bike. You can spend $100 when you walk into that bike shop and you can spend $10,000, with a lot of options in between. A $100 bike makes sense for some folks, and that high-end model that costs more than your first car will make sense for others. The sweet spot for most consumers however is usually somewhere in between.
Getting legal help when you are starting your business is much the same. Do it yourself solutions like LegalZoom (the $100 bike) are great in some situations, just like engaging a big law firm might make sense in other situations (that five-figure bicycle). At LOOME, we provide that crucial intermediate solution that probably makes sense for most of you.
There are some crucial decisions and paperwork that can be completed in the early going of most businesses that set them up for future success (and avoids costly fixes down the road when necessary). At LOOME, we can help new businesses with essential formation and planning advice, including:
- Entity selection (LLC versus S-corp versus C-corp)
- Which jurisdiction to form your entity in
- Adopting a standard set of formation documents
- Issuing equity to the business’s owners
- Setting up employee incentive plans
- Ensuring proper ownership of IP
LOOME attorneys have formed hundreds of entities and can provide you the guidance that you need for your new venture. Click on the button below to schedule a free consultation with one of our attorneys to determine if LOOME can help you with your new business.
schedule a free telephone consultation
LOOME’s clients are thrilled to have experienced, corporate lawyers working on their projects at rates that are typically 1/3rd of those charged by big law for comparable experience.