Responsible Counsel for Business Owners
Starting a business can be enormously exciting time. Like any aspect of life where you assert yourself in pursuit of new benefits, it can also involve risks. Taking the right steps during the business formation process can reduce and manage those risks.
At Mack & Mack, our law firm has been representing businesses in the Fort Mill area for over 50 years. When you need a business formation lawyer you can rely on, contact us.
Getting Your Business off the Ground
There are several legal steps involved in starting a business. First, you need to choose a legal form for the business and, if necessary for the form you have chosen, file articles of incorporation or other paperwork with the secretary of state.
Each form has its own advantages, depending on the specific nature of your business, its ownership structure, your desire for flexibility and your desire for limitations on the owners' personal responsibility for business liabilities. Among the forms available under South Carolina law are the following:
- Corporations ("S" Corp and "C" Corp)
- Professional corporations (PCs)
- Limited liability companies (LLCs)
- Limited liability partnerships (LLPs)
Once you have chosen a business form, you may need to negotiate a number of agreements with co-owners, employees and other interested parties, including operating agreements, buy-sell agreements, noncompete agreements and more.
Our attorneys can also assist you with the legal considerations that go into purchase and sale of real estate and other business assets. For comprehensive business formation assistance, don't hesitate to contact us.