Business Formation

If you are in the process of starting a business or have already started operations but have not yet formed a business entity, you should speak to an attorney as soon as possible. There are a variety of entities to choose from in both Missouri and Illinois, including partnerships, limited liability companies (LLCs), sole proprietorships, and corporations. Each has different benefits and drawbacks, and the one that is appropriate in your case depends on several factors, including the nature of your business, your potential for growth, and whether you want to seek outside investment.

These issues should be considered before forming a business, and discussing your situation in detail with an experienced attorney is the best way to ensure that you form the business entity that is right for you. In addition, the assistance of a lawyer will ensure that your entity is formed as quickly as possible so that you obtain the benefits and protection that some of these business entity choices provide.

We understand that most business owners are focused on the day-to-day operations of a business, which is why we offer a full range of business formation services to make sure that your business is on firm legal footing.

Our firm has decades of experience in advising clients on business formation matters. Our services include:

• Selecting the entity that will meet your business needs such as a partnership, LLC or corporation.
• Writing governance documents that comply with applicable laws.
• Negotiating the terms of agreements between co-owners such as buy-sell agreements and operating agreements for limited liability companies.
• Filing the required documents with governmental entities.
• Advising on the purchase of insurance.
• Structuring stock options and equity compensation.
• Intellectual property protection.
• Drafting employment policies.

Strategic choices made during the business formation period can pay dividends in the future. When we meet with clients, we thoroughly discuss the purpose of the business and its trajectory. We then can advise on what entity will be the best fit and what the legal consequences of the selection will be.

As attorneys, we give special consideration to the following issues as they relate to business formation:

• Liability for business debts
• Tax implications
• Capital structure
• Profit and loss allocation
• The ability to issue securities
• Filing requirements
• Ownership allocation
• Business succession
• Buy-Sell agreements
• Capital contributions

If you are starting a business, it is imperative that you establish the business under the laws of the state so that you can leverage all benefits the law provides. These benefits are numerous, but to receive them, you must properly form the business entity.

The business formation lawyers of Kilo Flynn have represented business owners and entrepreneurs throughout Missouri and Illinois. To schedule a consultation with one of our attorneys, call our office today at xxx-xxx-xxxx or contact us online.