Structuring your business as an LLC will provide you with numerous advantages, namely shielding yourself from personal liability for business debts. For tax purposes, an LLC is known as a “pass-through entity”, which means that the profits and losses are passed through to its owners, who report them on their own personal tax returns. The LLC itself does not pay taxes on its profits; only the LLC members do. Atlantis Law will help you form an LLC, if doing so is the best structure for your new business. We will draft and file all the necessary documents to form your LLC. Typically, the necessary documents include the “articles of organization” and the written LLC operating agreement. Atlantis Law will ensure that your business gets launched quickly and smoothly.
An S-corporation is simply a normal corporation that has elected “S Corporation” tax status. In an S-corporation, all of the business profits and losses are “passed through” to its owners, which are then reported on their personal tax returns. This is beneficial because if your business incurs losses, those losses will be passed through to your personal tax return, which you can then use to offset any other income that you have from other sources. Additionally, you will be shielded from any personal liability that your business may incur. Atlantis Law will assist you with filling out all the necessary documents to elect S-corporation status. You must be eligible to elect S-corporation status, and Atlantis Law will make sure that you can incorporate your business as one if you choose to do so.
Dealing with business contracts is an everyday task. From contracts with your clients or customers, to lease agreements, and insurance policies, Atlantis Law will review your contracts to ensure that they are fair for your business. We will draft contracts for you that include all of the terms you desire. We will review contracts before you sign them to make sure that you are not being taken advantage of. Oftentimes, contracts are long and complex, with many hidden terms that may be unfavorable. Atlantis Law will diligently and thoroughly read every word in your contracts so that you know what you are signing.
Sometimes, going to court and suing another party may be the only course of action your business can take. Atlantis Law has the experience and knowledge to litigate your suit and advocate on your behalf in court. We will fight hard for you and obtain a result that you are satisfied with. We have tons of courtroom experience that we will rely on to formulate a winning strategy and use it to win your case. Litigation is often a lengthy and stressful process, but we will keep you informed about your case and the direction it is headed.
As your business begins to grow, you may need some help and guidance as to how to expand quickly, efficiently, and carefully. Atlantis Law will be a valuable resource for you and your business. We can provide advice regarding several important areas, such as advertising and marketing, accounting, taxes, legal compliance, and managing your business. If we can´t help you directly, we will refer you to our network of expert professionals who can. Use us as an additional resource to make your business successful.
