White Plains New York Business Lawyers
Are you starting a business, growing your business, hiring new employees, or have questions about whether your business structure is right for your company? Mark Bobb is a business lawyer in White Plains, New York who may be able to help you address some of the major issues that can affect your business as you get started. Our business law firm can also help you have proper legal structures in place and have contracts in place so that you can protect your business interests down the line.
Whether you have questions about business formation and structures, have questions about steps you can take to protect your business, or need assistance with the formation of contracts or the completion of complex business transactions, a business law firm in White Plains, New York may be able to assist you. Our goal is to help you structure your business, employee contracts, and sales contracts, and other legal structures so that you can avoid potential litigation in the future. Understanding your rights and responsibilities now can help you avoid unexpected fines, fees, taxes, or costly litigation in the future. The Bobb Law Firm is a business law firm in White Plains, New York that may be able to assist you with your business.
Business Formation and Structure
There are a range of business structures under which you can do business. The U.S. Small Business Administration notes that the business structure you choose can impact many aspects of your business. Business structure can impact how you pay taxes and even how much you might owe. Choosing the right business structure could also protect you from personal liability and can create a distinction between business assets and debts and personal assets and debts. What type of business structures are available?
- Sole Proprietorship. With a sole proprietorship, your business and personal liabilities and property are one and the same. Sole proprietorships may work if you are the only person doing business and don’t have a business partner. While a sole proprietorship is the easiest business structure to establish, it may not be the best structure for all business needs. Should you run your business as a sole proprietorship, or is there another business structure that might offer you added protections? Mark Bobb is a business lawyer in White Plains, New York that may be able to help you.
- There are different types of partnership structures available including limited partnerships and limited liability partnerships. When two or more people own a business, a partnership may be one choice of business structure. With a limited liability partnership, each partner may be protected from liabilities stemming from the partnership, which may be able to provide some protection for a person’s individual assets. If you and another person or people are thinking of starting a business, is a partnership right for you? The Bobb Law Firm is a business law firm in White Plains, New York that can review your situation and help you understand the range of options that may be available to your company.
- Limited Liability Company. A limited liability company may give you added protections should claims be made against your company. If claims are made against your company, a limited liability company structure may be able to protect your personal property and assets from these claims. However, these protections may be limited and there may be ways in which these protections can be more or less robust. Before choosing any one business structure for your company, it might be wise to speak to a business law firm like The Bobb Law Firm in White Plains, New York.
- Structuring your business as a corporation can offer you and your partners added liability protection, but corporate formation can be costly and may require additional responsibilities on the part of the corporation, including detailed record-keeping, reporting requirements, and other legal requirements. There are several different corporate structures available and each has its own benefits and drawbacks in terms of tax benefits, tax requirements, responsibilities, and structure. There are several options when it comes to structuring your business—from forming a C Corp, an S Corp, a B Corp, or a not-for-profit.
What business structure is right for your business? If you are thinking of restructuring, or are just starting out, Mark Bob is a business lawyer in White Plains, New York that may be able to help you. Contact our business law firm today to learn more.
Protecting Your Business with Contracts
When doing business, most business owners will find themselves soon encountering the need for contracts. When hiring employees, you’ll need employment contracts. Employment contracts can make clear expectations, salaries, hours of work, and can also protect your business interests by including nondisclosure and noncompete agreements. When hiring contractors, you can protect your business interests and make clear your relationship by having a contract in place. When making sales for goods or services, sales contracts can make clear the terms of the sale, the price, and the delivery expectations, as well as warranties and limitations. The Bobb Law Firm is a business law firm in White Plains, New York that can review your business contracts, write business contracts that take into account your unique business needs, and help you structure your contracts so that you can protect your interests to the fullest extent of the law. A sound contract can potentially help you avoid confusion, misunderstanding, and litigation in the future. Furthermore, a sound contract can protect you in the event that litigation does arise. Have questions? Reach out to Mark Bobb, a business attorney in White Plains, New York today.
Starting a Business? Contact Mark Bobb
Mark Bobb is a business lawyer in White Plains, New York that may be able to assist you if you are starting a business. From helping you establish a business structure that can work for you, to helping you have the right contracts in place to protect your business interests and help you do business, Mark Bobb can be here every step of the way. Contact our law firm today.