Nothing is more exciting than starting a new business, but nothing is more tedious than doing all the paperwork.
At Mullaney & Mullaney, we are able to assist through every phase of the startup process. For clients looking to expand, we can help with that too.
Don’t let your business dreams die while you figure out which legal entity to pursue. The legal entity affects the amount of tax owed and the level of liability a business holds. Mullaney & Mullaney works with investors, owners, and entrepreneurs in evaluating all forms of business.
Preparing for Success
We have more than 20 years of experience assisting business owners – contact one of our attorneys today.
At some point, business owners must choose to organize their business as a sole proprietorship, general partnership, limited partnership, limited liability company (LLC), corporation, or other business entity. Questions to consider when starting a new business include:
- Should the business be a sole proprietorship, partnership, or corporation?
- How do C corporations and S corporations differ?
- Which entity is best from a tax, legal, and liability standpoint?
- How can business owners protect their assets and house from liability?
- If a partner places a 70 percent investment in a partnership, does he get 70 percent of the profits?
- What actions must be taken to preserve the entity?
Straight Talk and Straight Answers
We answer all questions in plain English and work with business owners to determine the best entity for each situation.
Next, the entity is formed and we prepare the necessary paperwork, which includes a Minute Book, member certificates, stock certificates, a company seal, by-laws, initial minutes, or an operating agreement.
Ownership Agreements and By-laws
In cases of partnerships, Mullaney & Mullaney helps define the relationship among partners and the business’s operations. If this relationship experiences conflict, this document governs each partner’s rights.
Preparation is a key aspect for any business. If a partner becomes disabled, retired, leaves the business, dies, or if a business wishes to acquire a new partner, Mullaney & Mullaney can help business owners through the process.
We help with all aspects of running a business, such as:
- Concerns when owners find a location for their business.
- Creating basic contracts for suppliers and customers.
- Hiring new employees.
After the company is organized, Mullaney & Mullaney provides ongoing legal support.
Pennsylvania Entity and Partnership Agreement Attorneys
We assist all prospective business owners throughout Philadelphia and Southeastern Pennsylvania.