Business Formation and Transactions
For Willinger, Willinger & Bucci, PC, representing businesses is an integral part of our law firm's mission. It is important for all businesses, regardless of the size or type of entity, to have a legal team who can assess, counsel and represent them in relation to the myriad of potential issues in the current business environment.
Representation involving new businesses begins with the selection and formation of the type of entity to be used. According to U.S. Small Business Administration (sba.gov), the most common business structures are:
- C Corp
- S Corp
- Close Corporation
- Nonprofit corporation
- Limited Liability Company (LLC)
- Sole Proprietorships
Each business entity offers different protections to the principals and assets of the business. They have differing impacts on essential business concerns including insurance, taxes and other issues. We work closely with accountants, insurance agents and other experts to insure the proper entity is selected and that the formation and compliance conforms to Connecticut law..
With businesses, the devil is in the details. Proper drafting and execution of documents are critical to business entities. Whether we draft an operating agreement for a limited liability company, a shareholder's agreement for a corporation, or any other form of managing document, we help our clients determine the following:
- How owners will operate the business
- How operations will be funded
- Procedures for ownership succession should an owner wish to leave the company, retire or upon death
- How to resolve internal differences
- Other terms necessary to ensure that the business functions smoothly.
We can also assist you with the purchase and sale of businesses, contract work, licensing and, in conjunction with our land use group, in obtaining permits and approvals that are sometimes required to operate your business.
Our business law attorneys work with our transactional attorneys in closing business loans. In the event of intra-business disputes or third-party lawsuits, our business attorneys assist our litigation team to provide comprehensive analysis, counsel, coordination of insurance coverage and representation.
For additional information about our business law practice, please contact one of our attorneys.
BUSINESS LAW ATTORNEYS: