Business Planning
Business Formation Services
The attorneys at Slater Cosme, PC have significant experience representing individuals and partners in the formation of business entities. Whether we are creating a C Corporation, S Corporation, Partnership, or a Limited Liability Company, our process is designed to create the most appropriate entity for your circumstances. We combine tax planning goals with flexibility, administrative simplicity, and asset protection.
Business Services
Our attorneys provide ongoing support to your business through our business services. We provide drafting and counsel on:
- Leases
- Employment Agreements
- Shareholder Agreements
- Buy-Sell Agreements
- Insurance Policy reviews
- Corporate Maintenance and Compliance
- Partnership Maintenance and Compliance
- Tax savings strategies
- Tax audit representation
- Annual meeting minutes and documentation
Business Succession Planning
Have you been looking forward to the day you can retire, perhaps turn your business over to a family member or key employee, or sale to a third party? Even if you are not currently planning to retire, you need to plan for the day you cannot run your business due to unforeseen illness or death. Most business owners do not take the time to plan for how they will leave their business. They are busy running the company, or they don’t know where to start. But if you continue to own a business until you die, it will be included in your estate and could be subject to substantial estate taxes. Your family or trustee could be forced to sell the business or its assets at ‘fire sale’ prices. Then you will have worked all these years so that the predators or the government, and not your beneficiaries, will reap the benefits.
Planning for how you will exit from your business should be an integral part of your estate and retirement planning. Proper planning now can provide you with retirement income, reduced income and estate taxes, and even let you benefit a charity if you so choose, regardless of whether you transfer your business to family members at discounted values, to employees, or to an outside buyer.
Planning now for your future exit from your company will result in you and your family or other beneficiaries receiving the best possible results, both now and after your retirement, disability or death. You can receive retirement income; you can transfer your business to your family, your employees or an outside buyer; you can make a difference for a charity or your community; and you can do all of this with reduced income, gift and estate taxes.
