At The McGuire Law Firm, a Denver business attorney can assist you on a number of issues and on an ongoing basis as your business grows. Below are situations in which you may wish to consult with a Denver business attorney at The McGuire Law Firm.
- A business attorney can help you form the proper entity or entity structure based upon the needs of your business. Further, through this process, your business attorney can explain to you the different liability protections afforded different entities and the different tax implications to the business and business owners based upon the choice of the business entity. For example a C Corporation, S Corporation and Limited Liability Company (LLC) are all treated differently for tax purposes, and a fundamental understanding of the taxation of your business entity is a must to properly run and operate your business. Further, your business attorney can explain the individual income tax issues that you as the business owner will need to consider.
- How should your business be financed? Do you want more debt or equity interests in your business? A Denver business attorney at our office can help you understand what constitutes debt and equity, and the good & bad behind both debt and equity financing.
- Did you read and understand your lease agreement? A business should always hire a business attorney to review and negotiate their lease agreement. The vast majority of lease agreements are very “one-sided” in favor of the landlord and a business attorney may be able to help you negotiate more reasonable terms, as well as explain the terms of the lease agreement and your personal exposure to the lease agreement as an owner and likely guarantor of the lease agreement.
- You’ve heard the saying that death and taxes are the only 2 certainties in life. While this may be true, if you own a business, there is also the certainty that as at some point during your life or at your death, you will need to sell, dispose of or otherwise transfer your business interests. A business attorney can help you establish a plan regarding the transfer or sale of your business or business interests in a manner that is most beneficial to you regarding your exposure to liability and in regards to the taxation of the transfer or disposition. Your business attorney can also help in regards to the drafting of the purchase agreements and the necessary negotiations with the parties involved.
- As a business owner, you may want to establish retirement accounts for yourself and your employees. A business attorney can assist you regarding the different options and tax benefits, as well as the reporting requirements for such compensation plans.
