The structure you choose for your new enterprise has a significant effect on your tax obligations, whether your personal assets are protected from seizure for business debts, and dictates how you raise capital. At Carpenter & Lewis PLLC, we understand the needs and concerns of small to mid-sized business owners like you. As small business owners ourselves, we understand the importance of taking the right first steps for business success. Learn more in a bespoke consultation with our Alcoa, TN business formation lawyer.
Forming a business involves more than just a good idea and start-up capital. Tennessee recognizes several types of business entities, including sole proprietorships, LLCs, corporations, and nonprofit organizations. The formation you choose determines your tax obligations, how you can raise start-up and operating capital, and what kind of bylaws (if any) or operating agreements you must file. There’s a lot that goes into selecting the right one, and if you don’t get it right, you could end up paying a lot of money you shouldn’t have to or getting into legal trouble.
As your Alcoa business formation lawyer, we review the types of business structures that would fit your proposed plans and explain the benefits and drawbacks of each one. Once we’ve decided on the right business entity form to achieve your goals, we handle all the necessary legal requirements to register it as a business, obtain any required tax ID numbers, and draft business documents, such as operating agreements, partnership agreements, and corporate bylaws. We can also negotiate all the contracts you need to get your business up and running, including your lease agreement and contracts with vendors and suppliers. If you need employment contracts or contracts to protect your trade secrets and other intellectual property, we can draft those as well.
There are specific reporting requirements for each type of business, as well as different tax obligations. We advise you of your responsibilities in these areas, so you’re compliant with state and federal laws.
As your business grows, your legal needs will change. Our firm can represent your business for years to come, including renegotiating contracts and conducting ongoing risk management. We want to help you accomplish your financial goals and enjoy business success.
Our savvy Alcoa business formation lawyer handles all the legal matters necessary to properly set up your enterprise. We submit the right documents, provide risk assessment and advice, and ensure that you’re protected with solid contracts and other agreements.
Do you need help getting your business idea off the ground? Contact Carpenter & Lewis PLLC today for a consultation.
“We own several businesses and have had the pleasure of working with Stephen and his team for over 9 years now. He always comes through in a pinch. They have assisted us with leases, estate planning, company formations and even landlord issues. I highly recommend them for all your business attorney needs!”
Mary Ellen Nichols
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10413 Kingston Pike, Suite 200
Knoxville, Tennessee 37922
New Clients: (865) 509-9600
Existing Clients: (865) 690-4997
Facsimile: (865) 690-4790
10413 Kingston Pike, Suite 200 Knoxville, Tennessee 37922
Also Serving: Farragut TN
New Clients: (865) 509-9600
Existing Clients: (865) 690-4997
Facsimile: (865) 690-4790
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