You’ve decided to start your own business. Or maybe you already have a business but you want to convert it to a different type of entity. Whether you’re a Seattle startup seeking venture capital or a small business looking for an edge, we can help you make an informed choice of which entity is right for your business. Once that’s done, we can help guide you through the process of setting up the business. From there, we’re ready to help when you need us.
Choosing A Business Entity
There are many different structures you could use for your business. Corporations and LLCs are two of the most popular, but there are plenty of others to choose from, like general partnerships, limited partnerships, sole proprietorships, and more.
We help you understand the pros and cons of each of these forms, specifically as they relate to your business. This conversation often focuses on how the entity will be taxed, the liability exposure of entity owners, and the ability of entity owners to transfer their interests in the business.
Setting Up The Business
Once you settle on an entity structure, we help get it set up by filing appropriate documents with the state and preparing governing documents. Examples of governing documents include corporate by-laws and LLC operating agreements.
These governing documents may seem like mere formalities, but they are often critically important in that they provide a roadmap for where the business is going, how it will get there, and who is behind the wheel.