for Business

Business Formation

Name: Boardman Clark Law Firm
Address: 1 S. Pinckney St., Suite 410, Madison, WI, 53701, United States
Telephone: (608) 257-9521
Price range: $

Business formation impacts many key aspects of a business, including taxation, liability, and funding. How a business is formed can even dictate ownership’s options in running, expanding, and transitioning the business down the road. We work closely with business clients of all sizes and across all industries to consider how these issues will affect their businesses, and to form business structures that support each unique business vision.

Services

Entity Selection & Organization

Advise on entity type options, such as limited liability company (LLC), partnership, or corporation
Advise on entity tax treatment, such as partnership, C corporation, S corporation, or disregarded entity
Perform trade name/trademark search
Reserve name with Department of Financial Institutions (DFI) and file organizational documents
Issue stock or other ownership interests
Determine governing structure (e.g., board of directors, managers of LLC)
Draft bylaws, operating agreements, or other internal rules for governing company

Compliance & Risk Assessment

Apply for required identification numbers, permits, and accounts
Analyze licensing requirements and needed regulatory approvals
Determine whether company will transact business in other states
Assess potential risks associated with the operation of the business and ways to reduce risk
Consider the effect of applicable local, state, and federal regulations on business operation

Additional Document Drafting

Buy-Sell Agreement among owners to restrict transfer and set terms if owners wish to sell in future
Deadlock provisions to address tie votes on owner issues
Employment contracts or other service agreements for owners and key employees
Non-Competition Agreements
Franchise contracts

Subsidiary Formation

Create holding companies or wholly-owned subsidiaries to organize different business segments, satisfy licensing requirements, improve liability protection, or reduce taxes where possible

Operational Preparation

Obtain location
Check zoning
Sign lease or buy real estate
Review agreements with builder and contractors
Obtain necessary services, such as utilities, waste disposal, janitorial, security, and credit card processing