At DiFiore, LLC, our Business Services involve four primary aspects in the life of a business client:
- 1: Business formation;
- 2: Ongoing guidance and representation;
- 3: Sale or purchase of business; and,
- 4: Business succession planning.
Our attorneys assist clients in structuring the most beneficial new form of entity for their business, ensuring that the chosen organization best suits the individual needs and goals. It is important not to choose a structure based upon what other businesses are doing, but rather to analyze each situation and determine the best entity. The choices of entities include:
- S Corporation
- C Corporation
- Limited Liability Company (LLC)
- General Partnership
- Limited Partnership
- Sole Proprietorship
Depending upon which type of entity is utilized, it can dramatically affect your personal tax liability. That is specifically why the attorneys analyze each situation separately to make the determination based upon all relevant information.
Ongoing Guidance and Representation
After formation, DiFiore, LLC assists their clients with their ongoing business needs. The business services could entail guidance with everything from quick answers to questions to assistance with contracts. The firm assists clients with the negotiation and drafting of many business contracts, including:
- Employment contracts regarding compensation and performance
- Partnership agreements
- Limited liability company operating agreements
- Shareholder agreements
- Non-compete and non-disclosure agreements
- Merger and acquisition agreements
- Business sales and divestitures
- Franchising and distribution
- Governing documents
- Lease agreements
- Buy – Sell agreements
- Mergers & acquisitions
- Contract matters
Sale or purchase of business
Business are sold regularly due to retirement, death, change of business plans, dispute among owners or the owner simply wants to do something else. At DiFiore, LLC, we represent buyers and sellers of privately held businesses. The representation includes negotiation, drafting all relevant documents, overseeing the escrow process, and other necessary steps to finalize the transaction.
Business Succession Planning
Business succession planning is the process of evaluating the business, family, income tax, gift tax, and estate tax impacts in passing ownership of a business from current business owners to the next owner. What differentiates succession planning from the sale of the business is the inclusion of estate planning consideration of the business owner with business and tax considerations.
With a solid foundation in estate planning, probate, business, real estate, and tax law, the attorneys at DiFiore, LLC utilize their combined over 50 years of legal experience to meet each client’s specific needs and goals.
DiFiore, LLC wants each client to understand their business service needs and to meet each of those needs so that they are confident that all their specific goals and needs are being met.
Please contact us today to let us assist you with all your business needs.