Business Formations/Dissolutions

If you are the owner of a business and you are working as a sole proprietorship, you may be exposing yourself to liability which may be easily avoided by forming a business entity such as a corporation, limited liability company, or a type of a limited partnership.

There are many concerns which must be discussed in arriving at your decision.  What are the tax implications of the various entities?  Which expenses are deductible by the various entities?  How are the different types of liability protection provided by the various entities?  How will the ownership interests be divided among the owners?  Should you have different classes of stock?  How many owners are allowed in the various entities?  Will you be allowed to sell your product and/or service(s) in states other than Pennsylvania?   What are the yearly bookkeeping requirements?

If you own a business which has experienced financial difficulties and wish to explore the various ways in which to end your business,  consider contacting us to discuss your alternatives. [contact us]

If you own a business which you have decided for any reason to end, you have certain obligations with the Pennsylvania Secretary of State/Corporation Bureau which must be accomplished in order to properly cease your business operations.  You also have certain obligations with the various taxing authorities which must be fulfilled prior to, or shortly after the ending of your business.

If you are overwhelmed with the debts of your business, you may wish to explore the various alternatives of how to continue operating without having to close your business.

For these and any other business concerns, please contact us to discuss your options.  [contact us]