Choosing the right structure is crucial in planning for the successful operation of any business. These decisions can affect a broad range of issues, from equity arrangements and tax advantages to long-term financing and succession of ownership. In supporting the formation of your business, our legal team seeks to gain a thorough understanding of your needs and goals, and can offer a detailed analysis of your options and requirements for:
- Choosing the correct entity structure
- Formation and organization of an entity, including corporation, limited liability companies, partnerships, limited partnerships and others
- Drafting of bylaws, operating agreements and other documents necessary for the operation of a successful business
- Regulatory compliance and future maintenance of entities
We find that the relationships formed with our clients during business formations are often the beginning of a long-lasting partnership. When our attorneys are involved in your business from the earliest stages, we learn about your industry, your processes and your market. This in-depth understanding of your unique business challenges helps us serve the needs of the company through every stage of growth. Many of our largest clients today first came to us for help in the start-up phase, and we have enjoyed supporting their growth and success over the years.
A change in business ownership or capitalization often generates a need for legally restructuring the company. The attorneys at HHDU are experienced in these business transactions and provide a comprehensive approach to revising the entity structure and documentation.
Another opportunity for restructuring a business arises during estate planning, particularly with family-owned businesses. Ensure that your business is properly structured for the most beneficial estate plan perspective with the help of an experienced transactional attorney at HHDU.
Finally, closely aligned with our bankruptcy attorneys, HHDU lawyers offer a creative approach to getting troubled businesses back on track. We work with creditors, debtors and new asset holders to develop business agreements with realistic expectations. By the time a company gets to the point of insolvency restructuring, the attorneys are in the best position to create resolution for all parties. The earlier you engage us, forming a strategic plan for the inevitable circumstances can better benefit your business. Many of the companies we work with go forward to reinvent themselves in a new capacity with better options for solvency and growth.
With or without active business engagements, corporate dissolutions must be formalized with the Secretary of State. Filing the necessary Articles of Dissolution is the only thing that releases the company from obligations with the state, including fees, reports and tax returns. Whether simple or complex, it is beneficial to work with an experienced attorney to make sure that all of the details of dissolution are completely handled.
Partnership dissolution occurs when a partner retires, dies or becomes insolvent. The departure of the partner may or may not result in dissolution of the company, but in either case, a restructuring of corporate agreements is necessary. The remaining partner(s) need to revise the ownership arrangement. HHDU attorneys provide an arms-length distance from your company to ensure that the agreement is equitable for all parties.
Our attorneys can help you with the restructuring or dissolution you need to be in good standing with the state and the by-laws of your company.