Business Formation, Structuring and Planning

Skilled Legal Counsel For Business Startups

  

Starting a new business can be exciting but the start-up period is also highly risky for the business owner. It is important for the business and its owners and management to take adequate measures to minimize this risk and protect their respective interests. Our attorneys have the knowledge and experience in counseling new businesses through this challenging and critical time.


Selecting The Right Business Entity


Selecting the proper business entity is a crucial initial step for any new business. The formation of a business entity is the first step toward determining how the business will be managed and controlled and in defining how the relationship between the company and its owners and investors is structured and governed. There are many different types of business entities, including:


  • Sole proprietorships 
  • Corporations
  • S-corporations
  • Limited liability companies (LLCs)
  • General partnerships
  • Limited partnerships
  • Limited liability partnerships 
  • Professional corporations
  • Nonprofit entities and 501(c)(3)


Coffey Kubec advises our clients about the benefits, risks and limitations of each type of entity and assists the client in determining which type of entity is most compatible with the business' current and future needs.


Your Business Success in South Carolina Starts with the Right Choice of Entity


Your choice of how to structure your business depends on numerous factors, such as:


  • Product and/or services offered
  • Start-up capital
  • Operational scope
  • Number and type of stakeholders and investors
  • Capital contributions
  • Profit distributions and profit sharing
  • Risk allocations
  • Asset protection
  • Tax planning
  • Compensation
  • Workforce
  • Internal governance
  • Customer types 

Each of these factors contributes to the stability and profitability of your business and needs to be taken into consideration with choosing the appropriate form of business entity.  At CoffeyKubec we help guide you through the formation process in order to provide a firm foundational structure upon which your business can develop and achieve its objectives.


Most entrepreneurs want to move quickly on their plans and do not want to be hindered by complex legal niceties. However, the legal decisions a business owner makes during the business' formative stages will play a major role in determining its future success. At CoffeyKubec, we strive to make the business formation process straightforward and stress-free for you regardless of the entity you choose.  Our experienced business law attorneys can help you explore your options and choose an appropriate business entity to meet your goals.