Ready To Advise Your Business Entities And Transactions From Day One
At Klinger, Robinson & Ford, LLP, our Cedar Rapids attorneys can assist you with the nuances of setting your business up for success in Iowa. You deserve a team of fighters on your side, and that is what we are. We have advocated for the rights of Iowa entrepreneurs and business entities since 1979.
How We Help Your Business
There is no substitute for taking the time to set up a firm foundation for any type of business, even for one that has been in your family for generations. We work with businesses in all industries, including farms and agribusinesses. Our services also include factoring the business into your estate plan or creating a business succession plan. In the formation of a new business entity, we will assist with the following tasks:
- Choice of entity (e.g., LLC, S corp, C corp, LLP, PLLC, etc.)
- Choice of management structure (e.g., operating agreements, joint venture agreements, employment agreements, statements of authority, etc.)
- Choice of investment/capitalization structure
- Acquisition, sale or leasing of real estate, equipment, inventory and other assets (e.g., purchase agreements, deeds, bills of sale, leases, rights of first refusal, options, etc.)
- Registration and filing with the Iowa Secretary of State: our office is ready to e-file with the Secretary of State for faster turnarounds
- Annual and biennial reporting requirements
Our local attorneys aim to keep your best interests for business success at the forefront of our legal services, including if your business is struggling with solvency.
How Should You Choose The Right Entity For Your Business?
Choosing the right business entity is a critical first step. It impacts liability, taxation and administrative burden. Key considerations include your business size, growth goals and risk tolerance. Some common options are:
- Sole proprietorships: The simplest option, but offers no personal liability protection.
- Partnerships: Partnerships are similar but involve two or more owners.
- Limited liability companies (LLCs): An LLC is often a popular choice, providing owners with limited personal liability while offering flexible pass-through taxation.
- Corporations (S corp or C corp): A corporation (C corp or S corp) is suitable for businesses planning to raise significant capital or those requiring a formal structure, though it involves more complex compliance.
Consulting a legal professional can help you select the structure that best aligns with your long-term legal and financial strategy.
We Work Closely With You And Your Trusted Advisers
You may already have professional advisers for tax, accounting, investment, finance or real estate. Working with us does not mean leaving your other trusted advisers out of the loop. We will work closely with your entire professional advising team, leveraging our collective competence in our respective areas to give your business the kind of foundation you can rely on.
Make An Appointment Today
Call Klinger, Robinson & Ford, LLP, in Cedar Rapids at 319-512-7001 or send us an email to schedule an appointment with an experienced business law attorney.