The law firm of Keith A. McManus, Esq. advises clients in the process of selecting an operating structure for their business. Liability protection , tax benefits, and transferability of ownership all must be analyzed in this process. Our law firm makes recommendations based upon your particular needs. Corporations are considered to be legal entities distinct from their shareholders. For each corporation, carefully consider selection of management, shareholder agreements, management succession, control of stock distribution, tax treatment and financial liquidity for the shareholders.
Some clients choose to form their business as a partnership.
There is generally no entity-level federal taxation of partnerships. General Partnerships are a residual form of business and often include verbal agreements. Because of the unpredictable nature of such verbal arrangements, most clients prefer written partnership agreements. Our office also is available to refer your business to qualified business consultants and other professionals. Contact the law firm of Keith A. McManus, Esq.