Commercial Lawyer in Haddon Heights
Business Formation & Planning in New Jersey
If you are interested in opening a business, a Haddon Heights commercial law attorney from Harris Law Offices can explain the different types of business formations to you and your partners. Common forms of business include:
- Sole proprietorships: business entities that are owned and run by a single individual who has unlimited liability and is entitled to all of the business's profits after taxes
- General partnerships: combinations of multiple entities that contribute to the partnership and share in profits and losses
- Limited liability partnerships: entities that allow all of the partners limited liability protection
Instead of just explaining each entity to you and letting you pick one, I can take the time to get to know your business and its unique needs and then provide you with practical advice about your situation.
Sales, Purchases and Mergers
Selling, purchasing or merging a business can be one of the toughest decisions to make because it may greatly impact your financial future. I can help you understand the legal and economic implications involved in everything from preparing your business for final sale, to finding the best buyer, to limiting your liability. I can also help you with a variety of documents, including the sales agreement and closing checklists. Because I understand tax laws, I can also help you understand the tax consequences and assist you with filing paperwork with the Internal Revenue Service.
Contracts and Agreements
At Harris Law Offices, I pride myself on creating a wide array of personalized documents for clients' businesses by taking the time to listen to their needs. Additionally, I can help you negotiate for your demands before you sign the contract. From employment contracts to buy-sell agreements, I can make sure that you, your assets and your business are protected.
Financing Your Business
Purchasing a business can be one of the biggest, most expensive decisions you will ever make in your lifetime. I understand that you may need financing for your large investment, and I can advise you on your best options, from borrowing money to selling ownership interests in your business. Deciding how to fund the purchase of your business is an important choice, and I can explain what your options are and advise you on the best one for your unique situation and goals.
The Importance of Business Succession Planning
Did you know that only 30% of businesses are successfully passed down to the second generation? I understand that your business may have deep sentimental meaning to you and your family, and I can help to ensure that your business is passed on to future generations. If you do not wish to keep your business in the family, I can also assist you in creating a plan to pass the business to your partners or other nonrelatives. Regardless of who you would like to succeed you, I can help protect your finances by moving your businesses to its future owner as quickly as possible after you retire or pass on.
Hire an Experienced Commercial Lawyer
I also understand that your business may mean more to you than just serving as a simple revenue generator, because I am just like you. I am not only a lawyer, but the owner of Harris Law Firms, so I know the challenges business owners face. Additionally, I have been selected for inclusion in Super Lawyers® Business Edition, and you can rest assured that I can handle your business matters with the upmost professionalism and skill.
I earned my bachelor's degree in economics and hold an LL.M in Taxation, which prepares me to assist you with you both the legal and economic ramifications of your business matter. If you would like to learn more about the benefits of working with a Haddon Heights estate planning attorney, contact my firm today!