Selecting the appropriate business form is an essential first step in the entrepreneurial process. The decision to organize as a limited liability company (LLC), a limited liability partnership (LLP), an “S” corporation, or another type of entity will govern the manner in which a start-up company conducts its business. The wrong decision may result in significant liability or unwanted tax consequences.

PCT Law Group provides a full range of legal services relating to the formation of a business. Our corporate attorneys have extensive experience with ushering entrepreneurs through the organizational process in Virginia, Maryland and the District of Columbia.

As a provider of tailor-made legal services, we formulate the best approach in light of the client’s short-term and long-term business objectives. Once the approach is established, and the client fully understands the advantages and disadvantages of various courses of action, we move the client’s vision forward by preparing and filing the requisite organizational documents with the appropriate state agency and drafting the operative governance agreements.

Even after an entity is legally formed, clients often look to PCT Law Group to serve as their “general counsel” so that we can readily assist with the many legal issues that accompany starting a new business. As “general counsel,” we advise clients on employment matters, draft business contracts, and help clients navigate any legal hurdles that may arise.

In addition to entrepreneurs and start-up companies, we also assist with the reorganization process. Our attorneys have helped limited liability companies reorganize as “C” corporations (and vice versa), turned non-profit corporations into for-profit corporations, and provided legal counsel on the intricacies and considerations of a reorganizational decision.

Representative business formation and reorganization services include:

• Preparing and filing Articles of Incorporation and Articles of Organization
• Drafting management agreements such as Operating Agreements, Shareholders Agreements, Partnership Agreements, and By-Laws
• Preparing Buy-Sell Agreements
• Creating a corporate book including initial resolutions and minutes
• Completing initial filings with the Department of Revenue and the Internal Revenue Service
• Preparing Management Incentive Plans
• Preparing Stock Plans

Additionally, our attorneys have substantial experience with forming:

• Single Member and Multiple Member Limited Liability Companies
• “S” Corporations and “C” Corporations
• Family limited partnerships
• Non-Profit Organizations
• Partnerships