Business Planning Attorneys Las Vegas & Henderson
Although Grant Morris Dodds primarily specializes in Estate Planning, Probate and Guardianship matters, we are highly capable in assisting our clients and their immediate family members with business planning services.
We can provide help in the areas of:
- Business Entity Formation
- Registered Agent Services
- Corporate Services
- Business Succession Planning
- Shareholder Agreements
- Business Sales Agreements
- some limited Contract Drafting and Review.
Business Entity Formation
One of the most critical choices made when starting a new business is deciding what type of entity should be formed. The consequences of making the wrong choice of entity could lead to severe financial troubles, resulting in loss of limited-liability protection, increased income tax obligations, loss of pass-through taxation, and other surprise assessments by state and local authorities.
Whether you use a limited liability company (LLC), limited partnership (LP), corporation, professional corporation (PC), professional limited liability company (PLLC), limited liability partnership (LLP), or limited liability limited partnership (LLLP), professional advice should be sought.
Registered Agent Services
A Registered Agent (RA), also known as a resident agent in some other states, is a business or individual designated to receive service of process (SOP) when a business entity is sued or becomes party to a legal action. In the state of Nevada, the Registered Agent must either reside in Nevada (if an individual), or have a place of business in Nevada (if a business).
In any case, the Registered Agent must have a physical location within the state and may not list a PO Box as its address for RA purposes. As part of it’s services, Grant Morris Dodds will also assist its RA clients in meeting the annual filing requirements of the Nevada Secretary of State. Failure to property maintain a business’s registered agent status may negatively affect the limited-liability protection afforded by state law.
Failure to maintain proper corporate formalities can lead to the loss of an entity’s limited-liability protection. To assist businesses in maintaining such formalities, Grant Morris Dodds offers the following services:
- Initial review of governing entity documents (operating agreements, bylaws, minutes, resolutions, etc.)
- Preparation of notices, minutes, and resolutions as required for each particular entity
- Preparation of assignment documents and stock powers to transfer business interests and shares as needed
- Annual review and updating of governing documents to ensure continued compliance
Business Succession Planning
Examples abound of business owners who failed to property plan for the succession of their business. In not properly planning for a company’s succession, consequences can devastate family finances, relationships, and social placement. Every successful business succession plan should include provisions for continuity, payment of taxes, the passing of management and control responsibilities, as well as other family legacy concerns. We can assist our clients in implementing employee incentive plans, deferred compensation plans (both qualified and unqualified), stock option plans, phantom stock options, Rabbi trusts, confidentiality agreements, and buy-sell agreements.
For more information on our Las Vegas Business Planning services or to schedule a one hour free consultation, call us now at 702-938-2244.