Palm City Business Transactions & Planning Attorney

Get assistance from a Palm City business transactions & planning attorney can help you legally structure and run your business properly.

Setting up a new business or starting a new job in Palm City or the surrounding areas can be exciting, but sometimes legal issues make it confusing. How do you file the right paperwork for your business? What kind of business entity should you establish? How do you make sure you and your partners divide work and profits in a fair way?

At Apfelbaum Law, many of our clients seek the assistance of a Florida business attorney to help them answer these questions. Our lawyers are knowledgeable about the different types of business entities, and are happy to explain the differences and answer questions so you can make the right choice for your company.

Most Common Types of Businesses

Partnership

This is a business that allows two or more people to share be partners in an enterprise, and share in the profits and losses. It’s important to have a professionally-worded partnership agreement that clearly states each partner’s duties and responsibilities.

Limited Liability Company (LLC)

This kind of business mixes elements of corporations and partnerships. Florida LLCs may choose whether to be taxed as a corporation or partnership. An LLC should have an LLC operating agreement so you can make rules governing how the business is run, as well as determine the parties’ duties and responsibilities.

Corporation

Corporations are generally less favored for small and mid-sized businesses as they provide a lower level of flexibility, more regulations, and requirements that make it disfavored in comparison to LLCs and partnerships.

Helping You Choose the Right Entity & More

Choosing the right type of business entity can be complicated, and people starting a business often have many questions, but this is only the first of many decisions that need to be made for a new company. Entrepreneurs may also have to consider agreements with partners or investors, employment agreements to protect the company and its trade secrets, and customer/client agreements.

Others may need to consider liability issues, landlord/tenant contracts, independent contractor agreements, distributorship agreements, and other ways to reduce the risk of costly and time-consuming business disputes. Frequently, a properly-worded contract can save all parties a lot of time, money, and stress by spelling out everyone’s role and responsibilities.

If you have questions or concerns about contracts, business law, contract law, real estate, or other Florida legal services, please contact Apfelbaum Law for a consultation. We can be reached at 772-236-4009, or contactus@alawfl.com.