Business Formation

Quarterman Hodson & Morang, P.C. assists clients in entity creation as well as the drafting and negotiation of corporate organizational documents.

Recent developments in the law, particularly in the area involving limited liability companies have changed the way real-estate partnerships are structured. While these developments allow greater flexibility in the structuring of entities, this flexibility creates a need for thorough and competent drafting. The use of pre-printed forms or the recycling of agreements from previous transactions is a dangerous practice. Because each deal structure is unique, the organizational documents for a corporate entity should be custom tailored. Incorporation or formation is an important step for any business for liability and tax purposes. Quarterman Hodson & Morang, P.C. has experience in all types of entities, including Corporations, Limited Liability Companies, Professional Corporations, Partnerships, Limited Partnerships, Family Limited Partnerships, and more. Any person who is self-employed or operating or considering starting a business should ask questions about his personal liability and the tax implications of the business. Forming an entity through which a business is operated is often a part of this process. Corporations and Limited Liability Companies are the most commonly encountered entities, both of which provide a degree of removal from personal liability and certain tax benefits.