We are a one stop shop for your new business. We file all relevant legal documents in addition to providing full service web hosting and development.
Joe is a consummate legal expert and also a creative thinker! He’s helped my business tremendously with a complex music industry matter, legal guidance and contracts. He’s genuinely compassionate about helping people, highly recommended!
Our law firm works with businesses to navigate the complex legal framework in which business is done today. Whether drafting a contract, articles of incorporation, or employment agreement, our firm rigorously outlines risk factors to create long term solutions. And our litigation skill insures that your rights will be protected.
What type of documents do i need to start a business?
Starting a business is a complex process that demands authoritative legal advice coupled with strategic and technological accumen. We begin by taking an overview of what you are trying to accomplish to then make the determination about what types of documents you will need.
There are a variety of different types of businesses. The primary types are the LLC and the S-Corp.
What is the difference between an LLC and an S-Corp?
An LLC is an entity created by state statute that allows you to run a business as an individual while providing protection for personal liability arising from your business operations. For example, if you are driving a vehicle while working for your LLC and cause damage, in most cases the LLC will protect the person injured from suing you personally. We form an LLC for your business by filing Articles of Organization (in Missouri – other states may have different terms for similar entities).
A corporation, by contrast, requires the filing of Articles of Incorporation with the Secretary of States Office. The Articles of Incorporation define the executive structure of the corporation, as well as indicating how shares in the corporation will be valued and owned upon startup.
What are the advantages of a corporation versus an LLC?
LLC’s typically are easier to operate because there are no defined compensation rules that require quarterly reporting with the tax administrations of the state or federal government.
Corporations have additional reporting requirements and usually require an operating agreement to define the roles and obligations of the various members and executives of the corporation.
However, corporations have the advantage of allowing easier investment. Companies with larger revenue streams and the potential for more financing obligations can certainly benefit from the ability to fractionally sell interest in the company.
What about non-profit?
Both federal and state law define non-profit entities, typically with reference to the federal income tax code’s definition of non profit entities. The exempt purposes set forth in section 501(c)(3) are charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, and preventing cruelty to children or animals.
Either an LLC or a corporation (depending upon how they are registered with the federal governement) can elect non-profit status. But, there are challenges associated with winning approval from the federal government as well as in maintaining your tax exempt status.
As a result, those leading non-profit entities require additional definition and attention when creating their business structures in insure that their non-profit benefits are not abandoned.
In order to better serve our clients, we have found that most legal concerns have a tech component. Websites, email accounts, internal applications and payment processing can all be seamlessly integrated into business contracts to create an efficient, modern and compliant business structure.
Our technology company samu.live provides all of these services through an AWS platform that allows us to design cutting edge legal technology solutions to clients of all types.
We design our business tech solutions to complement our legal advice so that business processes can be honed in a efficient and compliant way. By utilizing clean and responsive web development tools (we built this site!) we make sure your customers find you, and that any issues that arise are handled.
Our business systems provide actionable insight into your business processes.
Our law firm provides deep insight into the process of contract formation and negotiation. Experience with the litigation process alerts clients to risk and gives structure to plans for the future.
Our websites are made to order and display your pages in a responsive format to better serve mobile customers.
Modern marketing methods – mass text messages, social media, or email campaigns – can create a host of issues for developing businesses when employed in the wrong way. We have the ability to conduct these campaigns on your behalf in a legally complaint way to reduce your risk.
To schedule a consultation with our firm about how we can improve your business.