Business Organization
The majority of American small business operations are poorly organized and improperly maintained. Unfortunately, this puts the hardest working among us at risk of losing their personal and professional security.
The solution is often inexpensive and relatively simple to implement. Without the proper structure, the work of a business may open the owner to personal liability and place his family's financial security at risk.
Tuohy Law Offices has represented small business owners for over 18 years. We analyze your current business and determine the most appropriate structure for maximum liability protection. We provide ongoing support and complimentary updates on the laws that affect your business and your family.
Depending on your circumstances, a simple "S" Corporation may be appropriate. However, if your business investments are varied, or if you have several partners, a Limited Liability Company(LLC) may be best for you. If you invest in real estate, it is essential to consider an LLC. A Delaware LLC will provide you with up to 25 separate "Series" to limit the liability of each of your investments to a single series.
It is essential to properly maintain your corporate records. Unfortunately, many business owners never keep these important records current. Failure to do so could "pierce the corporate veil," exposing you and your family to personal liability for the debts of your business.
If you are a small business owner, contact us today to determine if your professional and personal interests are protected.