Formation, Management, Dissolution & Succession
Small business owners face many legal pitfalls. From the formation of the company through day-to-day operations to dissolution, there are myriad laws that affect small business owners. Attorney Sean Audley himself owns a small business and understands the legal issues that can confront a small business throughout its life cycle.
Let Audley Law Offices, P.C. protect your interests and serve as your small business lawyer. If you are interested in learning more, please refer to our list of frequently asked questions to the right or contact us at (412)532-0089 for a consultation.
Frequently Asked Questions
What form should my
small business take?
In Pennsylvania, small businesses can be sole proprietorships, partnerships, Limited Liability Companies (LLC), and corporations. What form is better for you depends on the size and nature of your business, the number of owners, the tax implications of the form you choose, the need for protection from liability, your expectations for growth and other matters.
What are the advantages of LLCs
The chief advantage of forming an LLC or a corporation is that it limits the liability of its owners, shielding their personal assets from creditors. There are also tax advantages.
Are there advantages to not being incorporated?
Sole proprietorships and partnerships are much simpler to organize and operate. They also provide the owner or owners with more direct control over the management of the business.
How can I make my customers pay?
All business, large and small, will, from time to time, have customers or clients who will not pay. It is important, therefore, that your contracts, agreements and invoices put you in the best position to secure payment. Having them written and periodically reviewed by an experienced attorney is important to protect your interests
How do I protect my family's
All business should have a succession plan; a plan that provides for the wrapping up of affairs and the transfer of control of the affairs of the corporation upon a principal’s death. This is often part of an overall Estate Plan. Our attorneys are experienced in both estate planning and business succession planning.
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