At The Pollock Firm LLC, we offer a variety of business law services. Our attorneys strive to help small business owners with the numerous challenges and opportunities you encounter. We have experience helping business that are starting out, expanding, contracting, or planning for an orderly transfer of management.
Business law services that we provide include:
- Business Succession Planning—We recommend that a business succession plan be coordinated with your overall estate plan. It is important to ensure that ALL your assets will go where you wish them to go and that you designate appropriate people to carry out your plan. Frequently, a business succession plan involves sending business assets to one child, but ensuring that other children will be otherwise compensated. It is often unwise to give ownership of a small business to someone who is not working in the business. A business succession plan may also involve Planned Gifting of business interests to your heirs or trusts for their benefit.
- Tax Planning—Minimization of state taxes and federal taxes, including capital gains taxes, federal income taxes, state income taxes, federal estate taxes, state estate taxes, state inheritance taxes and business payroll taxes is imperative when managing a business.
- Business Formations—Creation of limited liability companies, general partnerships, limited partnerships, C-Corporations and S-Corporations.
- Creation and review of shareholder agreements, operating agreements and partnership agreements. We often create agreements that ensure control for the people you trust to run the business while allowing multiple family members to share in the wealth of the business generates.
- Structuring sales of business interests, including drafting Buy-Sell Agreements.
- Advising you on the appropriateness of funding mechanisms for Buy-Sell Agreements – It is vital that you ensure your that there is proper liquidity to pay for the purchase or sale of any business interest. It is also essential to ensure that you have enough liquidity to pay for any buyouts.
- Ensuring that Corporate Records are properly maintained (such as Corporate Minutes and Banking Resolutions).
- Drafting employment agreements and independent contractor agreements.
- Drafting and reviewing lease agreements.
- Business restructuring, such as tax-free reorganizations.
- Helping to you to identify exit strategies.