Professional Help Starting a Business and Crafting Business Contracts in Sarasota, FL

First-Rate Business Formation Guidance

Get proper guidance through the process of forming a new business and advice on all the vital steps from the Law Offices of David H. Trevett, PL.

• Incorporating with the state of Florida
• Applying for tax ID number
• Deciding whether to form a corporation, a limited liability company (LLC), or something in between
• Drafting partnership or operating agreements and professional business contracts in Sarasota, FL and the surrounding areas
• Handling other business start-up issues

Our attorney is a business owner and former CEO who can assist you with every aspect of forming a new business.

For a complimentary initial legal consultation, call (407) 214-9867 to set up a video conference through Zoom or schedule an in-person appointment.

Partnership and Operating Agreements

While partnership agreements apply to corporations and operating agreements apply to LLCs, they essentially play the same role: They state the rules of how the owners of the company will work together.

Business owners often overlook the necessity of having such an agreement because it is not required by the state of Florida. In many cases, they will partner up, incorporate correctly, and begin developing the business, yet fail to put an actual partnership agreement into place. Not having such an agreement can become a significant issue when the business starts making money and partners are concerned about how to share profits. If you need assistance drafting any type of business contracts in Sarasota, FL or the surrounding areas, please don't hesitate to reach out to our team for support.

Taking Your Business Goals Into Account

Our lawyer takes great care in business formation matters. He will take the time to explain the importance of having properly drafted incorporation agreements and operating agreements. He then creates customized documents that note a wide range of ownership issues.

• Ownership interests
• Voting rights
• Succession options
• General management concerns

You need to know exactly what kind of legal entity you want to establish. A wide variety of legal ramifications and tax consequences depend heavily on the initial business setup. The differences between a corporation and a limited liability company (LLC), for instance, can be significant.

We'll work closely your certified public accountants (CPAs) and tax advisers to make sure we are creating the appropriate legal entity for you. We take your unique business goals into account while also remaining respectful of your budget constraints and other issues.

Choosing and Forming All Business Entities

• LLCs: We help small to mid-size businesses create more LLCs than any other type of corporate entity. LLCs tend to be less complex, and the annual maintenance of these companies from a legal point of view is relatively limited. We assist with preparing, and filing articles of organization with the secretary of state, negotiating operating agreements, and more.
• Corporations: We assist with checking the availability of a business name, creating bylaws, filing articles of incorporation with the Florida Department of State's Corporations Division and more.
• Sole proprietorships: We advise you on registering fictitious business names, obtaining local licenses, applying for IRS employment identification numbers, and more.

Our experienced attorney assists with business formations and other business law issues, including business contracts and health law. We handle every aspect of business organization for new businesses and help to reorganize companies that are expanding, contracting, or changing partners or owners.

Getting an In-Depth Analysis of Your Needs

It is important to begin with an in-depth analysis of your needs. To make legal recommendations, we consider all factors involved with a business, including:

• Private equity requirements
• Tax advantages
• Liability and personal liability
• Number of owners

Our attorney uses his skills in business law and working with corporate books to identify the best legal option for each client. The available options for business formation can include:

• Limited partnership
• Joint venture
• Limited liability company (LLC)
• Standard C-corporation
• S-corporation

Additionally, we create and negotiate agreements for corporate shareholders, creditors, owners, partners, and stock option holders. All business agreements are structured to provide clear succession in case of dissolution and to protect you in the event of the death or disability of a partner, member, or shareholder. 

We'll do everything possible to get a business started in the right direction or to help an existing business turn in the right direction.