Business Law Attorneys Virginia Beach
LLC and Corporate Formation
The process of forming a limited liability company (LLC) doesn’t have to be difficult or cause panic. An experienced business lawyer can help you traverse the steps comfortably and seamlessly by taking you through the necessary steps of making your business legal. This can include making sure your business name is available and conforms to state rules, filing the necessary articles of organization, paying the fees associated and obtaining any licenses or permits you might need for formation.
Business Succession Planning
Business owners who want to make sure their businesses survive after they’ve retired or stepped down can rest assure that MNR Law will make sure a proper plan is in place to preserve the business’ legacy and its survival.
Buy Sell Agreements
Business owners should always have a buy-sell agreement in place that defines a desired exit strategy and ownership succession plan in case of an unforeseen circumstance, i.e. death, divorce, disability. The agreement, drawn up by a trusted business attorney, will outline who can buy into the business, a valuation process and how a sale will be funded.
Farm Succession Planning
If you own a farm, you need to make sure you have a farm-succession plan in place that covers all the complicated bases of passing on land in the 21st century, including equitable distribution among multiple siblings, taxes, land transfers and farm equity.
Family Limited Partnerships and Family LLCs
When a family has considerable number of assets, including money, property, real estate and other family investments, establishing a Family Limited Partnership (FLP) can help save the family money on gift and estate taxes. FLPs help protect against creditors and provide flexibility unlike other trusts. Again, the complexity of these business laws should be handled by an experience, trusted attorney who can help save myriad headaches down the road.