Business planning

The prospect of starting a new business is exciting, but it can quickly become overwhelming due to all of the decisions that need to be made. At each step in the process, careful consideration needs to be given to your priorities and to reaching and even surpassing the goals that you have set for your business. A business plan assists you in determining the potential needs of the business, but also to anticipate problems that may arise as it goes forward.

The team of skilled and experienced business attorneys at Law & Stein can act as guides as you proceed through the steps to planning your business venture. Together with your financial advisor, we will provide advice on how to maximize your opportunities for growth while minimizing your risks.

Tax planning is an important component to creating any sound business plan. Both federal and state tax issues need to be taken into consideration when establishing a new business. Choosing the right business entity for your venture can provide tax benefits as well as tax consequences. Examples of different business entities include limited liability partnerships, C or S corporations, partnerships, and limited liability companies. Each one of these entities has its own distinct set of advantages.

Our attorneys are well-versed in the various complexities of both federal and state tax laws, and can assist you with structuring your business to help maximize both your financial as well as your operational success.