Business Planning & Formation

Business planning, formation and structuring can be a daunting task. You need an experienced law firm that can put together a Buy and Sell Agreement (or buy-sell agreement) which is a legally binding contract that stipulates how a partner's share of a business may be reassigned if that partner dies or otherwise leaves the business. Most often, the buy and sell agreement stipulates that the available share be sold to the remaining partners or to the partnership.  Setting up an LLC is another part of structuring a business. When setting up a Limited Liability Company, the document, once signed by each member (owner), acts as a binding set of rules for the partners to adhere to. Taxation issues can cause problems for businesses. Underpayment of Taxes and Poor Record Keeping are the most common tax problems vexing small business owners. When dealing with business planning, you need a knowledgeable law firm that can make sure that all of your bases are covered. Call Peterson & Peterson today!