Entity Formation & Governance

The great dilemma of all entrepreneurs: what entity-type should I be forming and in which state?

Though constantly debated amongst business owners and lawyers alike, if you know the goals of your new venture and have a basic business plan in place, this decision becomes much more straightforward. Let us take the guesswork out of the equation. While it may be inexpensive to form your new entity using an online ‘legal services’ platform, the risk of damaging your business is never worth the small amount of money that’s “saved.” Choosing the right entity type and governance structure for your business, executing the appropriate equity issuances, and ensuring your business actually owns its IP is not so simple. Fixing formation issues after you’ve begun operating often creates problems that are difficult and expensive to correct.   

We’ll walk you through all the options to ensure that you get the proper protection for the business’ operating and voting structure, and liability limitations. This will keep your business running smoothly as well as positioning it to be an attractive opportunity for investors. These are the most common types of business entities:

Partnerships

Subchapter S and C Corporations

Limited Liability Companies (LLC)

Limited Liability Partnership (LLP)

These are some of the Entity Formation & Governance services we provide:

• Pre-Formation Founders Agreements

• Entity selection and formation

• Establishing Corporate, LLC, and Partnership governance structure

• Equity issuances and vesting restrictions

• Restrictive Covenant and IP assignments

• Advisory Agreement

• Corporate Bylaws and Shareholders Agreements

• LLC Operating Agreements

• General and Limited Partnership Agreements

• Restrictions, obligations, and rights of equity-holders

• Equity Incentive Plans

• Business Consulting arrangements

• Legal Risk Assessment Analyses 

• 3-6 Month Legal Plan Modeling 

• Buy-Sell arrangements

• Other Formation + Governance Matters