Entity Formation
Careful planning for any new business begins with thoughtful entity formation. From choosing between a limited liability company (LLC) vs corporation, applying for the correct tax designation, and ensuring employer requirements are met, a business owner’s decision making skills are challenged from day one.
Working with our team at Aevitas Law ensures guidance at every step of the business formation process, beginning with the Department of State entity application.
Contracts
An exhaustive business contract is essential for any transaction, ensuring you and your business have the best chance for success. Aevitas Law is made up of attorneys with diverse business backgrounds, ready to assist you.
We offer comprehensive document review services and a thorough, effective contract formation process. Through our extensive network of professional contacts, we ensure all aspects of your business endeavors are well-supported.
Succession Planning
While passing your business from one generation to the next may seem manageable on your own, family succession in the second and third generations has less than a 10% success rate.
Aevitas Law ensures your business and legacy plan endure for generations to come in a tax-efficient manner. Our firm focuses on formulating plans that navigate the tax code to benefit your family now and in the future. We proudly assist local business owners in transitioning their businesses across generations while honoring their multi-generational stewardship principles.
Understanding the goals and objectives of both the business owner and the successor is paramount to us. We recognize that “passing the torch” is a significant milestone, and we strive to create win-win scenarios that preserve future options.
Although the steps for succession planning vary, we consistently:
- Maintain flexibility, as compromise is essential to satisfy all parties involved.
- Identify key positions and strategies for immediate action upon the client’s departure, including ownership transfer strategies.
- Align plans with future goals to ensure the legacy remains intact.
- Document succession plans with timelines, roles, and responsibilities, including ownership restriction documents.
The Aevitas Advantage
Partnering with Aevitas Law from the startup of your business journey means aligning with a team dedicated to your success. Our business law attorneys bring extensive experience in forming various entities, such as limited liability companies, partnerships, corporations, and nonprofits.
Equally important, Aevitas collaborates closely with trusted tax and insurance professionals to ensure your business is positioned for success. These partnerships not only shield you from potential liability but also optimize tax savings.
