If you are looking for a Pittsburgh business formation attorney, then James M. Herb & Associates is the right firm for you. Whether you are a brand new startup or an existing business looking to reorganize, our business formation attorneys are here to guide you through the process. During the business formation process, our attorneys will discuss key considerations with you such as personal liability, financial rights, tax implications, management rights, and other considerations.
While all business risks cannot be mitigated, selecting the right business entity type and the necessary governing agreements can help avoid many of the pitfalls that businesses may struggle with. As a business owner, the business formation attorneys at James M. Herb & Associates will help guide you through the business formation process, which conceptually can be broken down into two steps: (1) first, selection of the business entity type; and (2) second, drafting a governing agreement.
The first major step that a business formation attorney at James M. Herb & Associates will guide you through is the selection of the business entity type that best fits your unique situation. Once the business entity type is selected, our business formation attorneys will file the required legal documents with the Pennsylvania Department of State.
Under Pennsylvania law, there are many different types of business forms recognized by the Commonwealth including:
- Limited Liability Companies (“LLCs”)
- General Partnerships
- Limited Partnerships
- Limited Liability Partnerships (“LLPs”)
- Business Trusts
- Sole Proprietorships
Each business entity type has distinct advantages and risks. Moreover, the selection of the business entity type for your business can have a major impact on how your business is governed and the default tax obligations on both the business entity and the individual owners. Our firm also assists out-of-state businesses who wish to do business in Pennsylvania with the required registration process.
The second major step that the business formation attorneys at James M. Herb & Associates will guide you through is the drafting of a governing agreement. Generally, we highly recommend that our clients adopt a governing agreement such as a shareholder agreement (corporations), an operating agreement (LLCs), or a partnership agreement (partnerships). We also can help you obtain an Employer Identification Number (EIN).
If you need a Pittsburgh business attorney, then James M. Herb & Associates is the right law firm for you. For over 40 years, James M. Herb & Associates has proudly served the Greater Pittsburgh Area. Call us today (412) 533-4821 to schedule a consultation!