Protecting Your Company

Many entrepreneurs who are embarking on their first business ventures make the mistake of managing the business startup process on their own. They believe that by choosing an entity and filing a single document, their company will be legitimate and protected. At the Law Office of Howard Lazarus, P.C., we are here to tell you that there is much more to the process, and that you may be leaving your company at risk for serious scrutiny by the IRS.

The Law Office of Howard Lazarus, P.C., has extensive experience guiding businesses through the formation process in Minneapolis and throughout Minnesota. Our founding attorney, Howard Lazarus, is also a CPA who works with financial and tax experts on a daily basis to best serve our clients. There are a wide range of issues that must be taken into consideration and analyzed by our team before selecting an entity. Possible entities are as follows:

  • C corporations
  • S corporations
  • Limited liability corporations (LLCs)
  • Limited liability partnerships (LLPs)
  • Joint ventures
  • Partnerships

Single-Member LLCs

There are many single-member LLCs in Minnesota. What most people are not aware of is, according to the IRS, LLCs with only one member are treated as sole proprietors. This means they are treated as if they are not incorporated at all and, therefore, do not receive the tax benefits of many other entities.

Avoiding Future Disputes

To avoid intracompany disputes, we help clients negotiate and draft a wide range of business contracts, including:

  • Member control agreements
  • Shareholder control agreements
  • Buy/sell agreements
  • Partnership agreements
  • Limited liability member agreements
  • Limited liability company contribution agreements

Contact Us · Plymouth Startup Business Lawyer

After the initial business startup, our clients often continue to rely on us for corporate management, contract negotiation, and payroll and business tax preparation. Call the Law Office of Howard Lazarus, P.C., at 651-968-1240 or contact us online to arrange a free initial consultation with a knowledgeable Minneapolis business lawyer. We have offices in Plymouth and Eagan, and we regularly travel to meet with clients at other convenient locations.