Stating a business is a major step, and when an individual or a group of people in Iowa are ready to dive into the venture, there are many steps that need to be taken to ensure the success and longevity of the company. Forming a business is more than just coming up with a name and signing some paperwork. A business type must be formed. This can essentially establish what, if any, civil and tax liabilities one will deal with in the business and personal realm.

It can sometimes be overwhelming when it comes time to put a business dream into action. There are many decisions to make, and one does not want to make the wrong choice and cause financial losses. This is where our law firm can be of assistance. The attorneys at Betty, Neuman & McMahon, P.L.C., can help individuals in the Quad City area with their business formation and planning issues.

The first decision to make with regards to business formation is making a selection with regards to business entity type. Our attorneys can help explain the differences between these, helping you decide whether a sole proprietorship, partnership, C-corporation or S-corporation is right for you. Next, our law firm can assist with business formation, helping you understand the advantages and disadvantages of having a LLC, partnership or corporation.

And once these factors are decided and understood, our law firm can help you dive into more detailed business decisions, such as governance, drafting partnership agreements and even addressing ways to resolve possible future issues, such as reorganization and dissolution.

To learn more, check out our law firm’s business formation and planning website. No matter what type of business one forms, it is important to take the proper steps necessary to form that type of business. Even when detailed business planning takes place, dissolving a business may still be necessary. Thus, our law firm can help you address any business law matter that may come your way.