Business – Representation and counseling of business entities and business owners, from startups and entrepreneurs to established corporations, in all facets of business law. Sher & Associates, P.C. assists clients with the many responsibilities and challenges that go along with running or starting a business entity.
- Business Entity Formation – Incorporations, Limited Liability Companies (LLC), Partnerships, and Limited Partnerships (LP)
- Shareholder Agreements & Corporate Documents
- Fictitious Names
- Drafting, Reviewing and Negotiating of Contracts and Agreements
- Drafting and Negotiating Business Sales and Acquisitions Agreements
- Collection of Delinquent Accounts
- Business Succession Planning
Located in Kutztown, PA, we work with many business owners in and around Berks County and Schuylkill County. We strive to provide top quality service to all of our customers.
Starting a business?
Before you choose a business entity, it is important to understand what benefits each structure provides. It is also important to fully understand your lender commitment letters and loan documents. Our team works with your accountant, lender, and other business advisors to turn your business dreams to reality and lay the groundwork for your growth and success.
Buying or selling your business or a part of it? Do you need an employment contract for your executive, sales representative, independent contractor? Is your employee handbook and business policy in compliance with the law? Our team can assist you with these legal needs and more, as our Attorneys have an extensive combined experience that covers all types of legal needs, and all of our lawyers have first hand experience as business owners.
Sher & Associates, P.C. is proud to be active in these Kutztown & Oley based business groups:
FAQs
When do I need to use a Fictitious Name?
Generally, you should use a Fictitious Name for your business when the business name 1) does not include your name and 2) does not clearly identify your business or you as the business owner.
What's involved legally in starting a business?
Some legal requirements to starting a business include but are not limited to:
- applying for a proper business name
- getting a sales tax license
- registering for employer withholding tax if you will have any employees
- determining a business structure and applying for the relevant paperwork for some types
- labor law compliance
- applying for an Employer Identification Number
- and many more for your specific business needs
The wide range of local, state, and federal requirements and the specific policies and procedures different businesses must follow means all soon-to-be business owners should have a knowledgeable legal team at their side.
Which business entity should I choose for my business?
Here are some of the main business entity types and why you may want to choose them for your business style.
- Sole proprietorship – You would be a lone business-owner who owns an unincorporated business.
- Limited Liability Company – Otherwise known as an LLC. LLCs have different requirements and paperwork per state, so make sure you know the details for your state’s LLCs. They cannot be certain business types like banks or insurance. LLCs may be considered as a corporation, partnership, or disregarded entity depending on various details of your LLC.
- Corporations – Corporations have multiple shareholders that exchange resources for the corporation’s capital stock. Taxes, income, and losses are conducted through the business and not the owner or shareholders.
- Partnerships – This is a type of business where two or more people work together to do trade and contribute money, property, or skill. Each partner must then report their income and losses separately. Partners are NOT employees and cannot use W-2s.
- S-Corporations – This is a specific type of corporation that receives certain benefits if the income, losses, and taxes are passed on to shareholders. They must meet certain requirements such as being considered a qualified business to be an s-corporation and they cannot have more than 100 shareholders. You must apply through a form to become an s-corporation.
I can draw up a contract for my employee on my own, why would I need an attorney?
While you may be able to write up a contract on your own, there are many employment laws in place to protect employer and employee. Many of these laws will get you in trouble if you fail to account for them in your contract, and an employee may be able to take legal action against you in the future if you miss something important in the contract. Having an experienced attorney write your employment contracts will better protect employee, employer, and business from legal actions and help ensure a more secure work environment.
It is possible that we have not addressed your particular concern on our website as this is just a representative list of these services offered by our firm. Please call us to discuss more detailed solutions to your legal needs.
