Although sole proprietorships remain one of the most common business forms, it subjects your personal assets and your business liabilities to the same process. You can risk your family wealth and long-term stability with your business decisions. Our business attorneys have in-depth business law knowledge. We understand the challenges you face, we run our own small business: our law firm. We offer experienced advice for you throughout the life of your business, from how best to form your business to ongoing contract negotiations to real estate transactions
Jaleel Law can help you consider a different approach. Changing your sole proprietorship into a business entity means significant tax advantages, liability protection, and management benefits. It also allows your business to expand, and it also enables succession planning. Jaleel Law brings an enormous amount of experience. Whether its to proper business entity selection or maintenance, providing the best agreement for any transaction, or compliance from federal, state and local regulations, our attorneys provide comprehensive business services.
Business Entity Selection:
Choosing the right business structure can be a daunting task for the small business owner or entrepreneur. You may have heard that the traditional C Corporation is overkill for most small businesses, and results in higher overall tax payments through something known as double taxation. A corporate tax structure may actually lower your overall tax liability. An LLC on the other hand is a popular structures for small businesses since it avoids this double taxation (an “S” corporation would also avoid double taxation). With these business structures, the company is taxed like a sole proprietor or partnership, meaning the company itself doesn’t file its own taxes; all company profits are “passed through” and reported on the personal income tax return of the shareholders or, in the case of an LLC, the members. Most importantly, the C Corp, LLC and S Corp will separate your personal assets from any liabilities of the company (whether from an unhappy customer, unpaid supplier, or anyone else who might pursue legal action).
Jaleel Law will help you decide the best business structure, taking into account all variable circumstances surrounding your business. From small, growing businesses to well-established entities and major corporations, the attorneys at Jaleel Law provides services to a broad range of business clients. Working closely with you to understand your business and business objectives, we examine each situation and business transaction objectively to present you with viable options necessary to achieve the best possible outcomes based on your situation.
Our business law practice group take an interdisciplinary approach to client service, drawing on legal expertise from all firm practice areas as needed. As our client, you can expect a personal, one-on-one relationship with an attorney, backed by the experience and expertise of a full-service law firm.
Our experience, and advanced tax planning experience that allows an in-depth and interdisciplinary approach to client service.
Contracts can help ensure your business continues to operate successfully. Our attorneys can draft effective contracts for every aspect of your business. We can also help negotiate contracts and leases as your business goals evolve. Our lawyers understand that issues can arise or delays occur that can impede the completion of contracts. We can help minimize the legal problems associated with contract disputes, writing effective demand letters, clarifying issues, working to mediate solutions and, when necessary, bringing your dispute to court to resolve the issue.
Our attorneys understand the broad tax and business implications surrounding many transactions. Whether you need to purchase real estate for an expansion, acquire or change a commercial lease, or sell off large-scale business equipment due to cut-backs or closings, we can help. We know how to analyze transactions and advise of the legal, tax and business ramifications. Our lawyers can help you with the timing of real estate sales taking into account tax liability and other concerns.