Florida Attorney: Business Formation and Sales
As a trusted local attorney serving Deltona, DeLand, and surrounding communities in Volusia County, Michael P. Kelton uses his extensive knowledge in business law to help clients understand how to navigate the process of starting up a business and address legal matters that inevitably arise with established companies.
Kelton Law, P.A. is a dependable firm that has gained the trust of experienced business owners and up-and-coming entrepreneurs alike. Mr. Kelton assists with a wide range of business formation and sales services, from drafting and filing all necessary documents and securing permits and licenses to reviewing finance agreements and handling all aspects of the sale or purchase of an existing business.
Business Formation: Protect Your Business at the Start
Starting up a business is an exciting process for any entrepreneur, but with all the requirements and regulations associated with establishing a company, there is great room for error. Don’t wait until you run into a legal issue to consult with an experienced attorney for your business start-up needs. Attorney Michael P. Kelton has years of experience working with business owners to ensure that they are set up for success from the very beginning.
A critical step in establishing your business is choosing the right structure, which will have important legal and tax implications. Kelton Law, P.A. can help you make the selection that’s best for your needs and ensure your business is properly registered.
Most Common Business Structures:
- Sole Proprietorship – An unincorporated business owned by an individual.
- Partnership – The relationship between two or more people to do trade or business. For this structure to work, each partner contributes money, property, labor, or skill and shares in the business’s profits and losses.
- Corporation (C Corp) – Prospective shareholders exchange money, property, or both for the corporation’s capital stock. A corporation conducts business, realizes net income or loss, pays taxes, and distributes profits to its shareholders.
- S Corporation (S Corp) – Corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes.
- Limited Liability Company (LLC) – A business structure allowed by state statute whose owners (or members) are not necessarily responsible for business debts and obligations. In Florida, you are permitted to have a single-member LLC.
Pursuing any one of these business structures will require filing specific formation documents and tax forms while meeting regulatory requirements within the state of Florida. Consult with Attorney Michael Kelton to determine which of these structures is right for your company and learn how to take the next step in forming your business.
Contracts: Why Is It Important to Have an Attorney Review Contracts?
A contract is a legally binding agreement made between two or more persons and is enforceable by the courts. Drafting contracts is an essential part of operating a business, whether the agreements exist between partners, employees, third parties, or clients. Contracts usually include advanced legal terminology and complicated concepts, leaving opportunities for other parties to take advantage of non-experts by inserting damaging clauses or unfavorably changing the terms. So whether you are drafting a new contract for your business or signing one with another party, it is vital to have an experienced business attorney review the contract’s terms and details to ensure your company’s rights and interests are protected.
How to Handle Contract Disputes
A party’s failure to fulfill any of its contractual obligations is known as a breach of contract. This can take many forms (e.g. time-sensitive goods that were delivered after they were promised, a contractual dispute between shareholders, a third-party vendor who has not fulfilled agreed-upon services, etc.). If you are faced with a breach of contract, going to court is an option, but it is not the only one available. Should you find yourself in the uncomfortable situation of managing through a dispute, Kelton Law, P.A. is here to help.
Minimize Risks by Consulting with a Business Attorney
Don’t make the mistake of waiting until your business faces a lawsuit to consult with an attorney. By establishing your business and preparing contracts with a business litigation attorney from the beginning, you may avoid or mitigate potential disputes in the future. In the event that your business is faced with a lawsuit, Attorney Michael Kelton will work with you to minimize the damage to your business and represent you in any legal proceedings.
Are You Starting a Business? Contact Kelton Law, P.A.
Protect your business from the beginning and consult a qualified business law attorney. Attorney Michael Kelton, P.A. is here to counsel you on all of your business formation and sales needs.