Choice of Entity and Formation
Starting a business presents many challenges, but one of them should not be choosing and forming an entity. Attorney Sean Byrne has extensive experience working with entrepreneurs and professionals choosing how to structure their businesses. He can provide you the guidance you need to understand the impact of your choices beyond simply establishing separate legal entity to limit liability exposure.
Grosse Pointe based Attorney Sean Byrne can advise you on the nuances of limited liability companies versus S corporations or other entities. For instance, though both can be pass through entities, the tax returns themselves are very different, as are the corporate formalities.
Attorney Byrne will help you consider the future impact of your entity choice as well. By understanding your business goals, the appropriate structure can be designed. Attorney Byrne can review the benefits of properly structuring business entities at inception compared to sometimes prohibitive costs of changing course in the future.
Maintaining Corporate Formalities
Attorney Sean Byrne knows the importance of maintaining corporate formalities to protect your limited liability structure, to prevent future disputes, to maintain your pass through tax treatment, and to protect the company. Allowing renewals to slip, minutes to be ignored, and other common oversights can frustrate the fundamental purposes of separate business entities and can result in unlimited liability for you.
Mr. Byrne has worked on a broad range of business structure and corporate formality issues from deciding on your structure, drafting articles, bylaws, operating or partnership agreements, to maintaining minute books and stock registers. He can also counsel you on tax implications, limitations on shareholders or members, common structures for holding companies, international affiliates, licensing entities, single asset real estate entities, and special purpose entities. Attorney Sean Byrne’s Grosse Pointe office offers you his broad and strategic planning skills drawing upon his business and legal experience representing both large and small companies at every stage of their corporate life.
Call Attorney Sean Byrne’s Grosse Pointe Woods office to determine what form of entity is best for your particular situation.