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Business Formations

Business Formations
Business Law Areas

Starting a business requires thorough planning.  Successful entrepreneurs recognize this and the importance of starting a business correctly.  The form of legal entity selected for the business greatly impacts the daily operations of the business and the tax consequences to the business and its owners. There are so many factors to be considered, including:  what is the best legal form for the business? what are the tax advantages and disadvantages of the various forms of business entities? how will the company be operated? who will run the company, what corporate formalities must be taken? how do you protect the business owners from being exposed to liability for the business's obligations? 

 

Our Firm

The Law Office of Cheryl Gabes Rice, LLC is available to assist business owners and entrepreneurs throughout the entire formation and business state-up process, including selection of the entity type and jurisdiction for business formation. We typically begin by obtaining background information on the type of business being started, the proposed location of the business and any known restrictions or potential obstacles.  We will discuss short and long-term priorities to help you structure a business framework that will help you to achieve your goals.  We will also discuss the company's planned ownership and governance structure, its capitalization strategy, as well as the applicable regulatory scheme that may require compliance.  We would also inquire about possible intellectual property rights that may require protection.  With this information, we can help you to identify the type of legal entity that will be most-suited for your needs, albeit  

  • a General Partnership
  • a Limited Partnership
  • a Corporation
  • a Limited Liability Company
  • a 501(c)(3) Non-Profit Organization

We are also available to advise you on the steps that should be taken to structure and properly document the ownership and governing aspects of the business.  In this regards, we can assist you by preparing a variety of agreements to memorialize your intentions including, but not limited to, Corporate By-Laws, Operating Agreements, Partnership Agreements, Shareholder Agreements and  Buy-Sell Agreements. 


The materials appearing in this website have been prepared by the Law Office of Cheryl Gabes Rice, LLC for informational purposes only. The information you obtain at this site is not, nor is it intended to be, nor should it be construed as, legal advice. Transmission of this information is not intended to create, and receipt does not constitute, an attorney-client relationship. You should consult an attorney for advice regarding your individual situation.

The Law Office of Cheryl Gabes Rice, LLC is located in West Hartford, Connecticut and serves all of Hartford County including, but not limited to, Avon, Berlin, Canton, Cromwell, Farmington, Glastonbury, Newington, Plainville, Rocky Hill, Simsbury, Southington, Wethersfield, and surrounding towns.



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