Business Formation
A Strong Foundation for Your Business.
Starting a business is an exciting step. Choosing the right structure and putting the proper documents in place can help protect your interests, clarify responsibilities, and support your business as it grows.
Attorney Christopher M. Diedling helps business owners navigate formation, filings, and ownership agreements with practical guidance tailored to their goals. Whether you are launching your first venture, bringing in a business partner, or updating an existing company, we help you move forward with confidence.
Choosing the Right Business Structure
Trust administration is the process of managing and distributing assets according to the terms of a trust. After the person who created the trust passes away, the successor trustee typically assumes responsibility for carrying out those instructions.
Although assets properly held in a living trust generally pass outside probate, there is still work to be done. The trustee must understand the trust’s requirements, safeguard its assets, address applicable expenses and taxes, and distribute property to the appropriate beneficiaries.
A More Private Way to Transfer Assets
Your business structure affects ownership, management, personal liability, taxation, and future transitions. We help you understand your options and coordinate with your accountant or tax advisor so your legal structure supports your business goals.
- Single-Member LLCs: Establishing a limited liability company for an individual owner, with formation documents and an operating agreement tailored to the business.
- Multi-Member LLCs: Creating a structure for two or more owners, with clear provisions for management, decision-making, financial contributions, and distributions.
- Sole Proprietorships: Explaining the requirements and personal liability considerations of operating individually, including applicable business name registrations.
- Corporations and S Corporation Elections: Assisting with corporate formation and coordinating with your tax professional when S corporation tax treatment may be appropriate. Eligible LLCs may also elect S corporation taxation.
Operating Agreements That Fit Your Business
An operating agreement establishes how an LLC will be owned and managed. It can provide valuable clarity for a single owner and is especially important when multiple people share ownership.
We prepare and review operating agreements that address:
- Ownership percentages and capital contributions.
- Management authority and voting rights.
- Allocation of profits and losses and payment of distributions.
- Admission of new members.
- Restrictions and procedures for ownership transfers.
- Member withdrawal, incapacity, or death.
- Buyout provisions and procedures for resolving disagreements.
Addressing these issues at the beginning can help reduce uncertainty and prevent avoidable disputes as your business develops.
Formation, Filings, and Ownership Records
Building a business involves more than selecting a name and submitting a form. We help prepare the documents and records that establish your company and define its ownership.
Our services include:
- Formation Filings: Preparing and filing articles of organization or incorporation and assisting with applicable state registrations.
- Business Name Registrations: Assisting with trade name or fictitious name filings when appropriate.
- Organizational Documents: Preparing operating agreements, initial resolutions, and related company records.
- Membership Certificates and Ownership Records: Documenting LLC membership interests through certificates, when appropriate, and maintaining clear ownership records.
- Ownership Transfers: Preparing assignments, consents, and related documents for transfers permitted by the governing agreements and applicable law.
- Company Updates: Assisting with amendments, changes in membership or management, and updates to governing documents.
Planning for Ownership Changes and Business Succession
As your business grows, its ownership may change. You may bring in a new member, purchase a partner’s interest, transfer ownership to family, or coordinate your business interests with your estate plan.
Planning ahead also means deciding what should happen if an owner becomes incapacitated or passes away. Establishing who can manage the business, how ownership interests will be transferred or purchased, and how those arrangements work with your estate plan can help reduce disruption and uncertainty for your family and business partners.
Chris helps owners review transfer restrictions, document changes, and update company agreements and records. Drawing on his estate planning background, he helps coordinate succession provisions with the owner’s broader plan to support business continuity and an orderly transition.
Start Your Business with Confidence
Thoughtful formation documents provide a foundation for daily operations, working relationships, future growth, and continuity when circumstances change.
Whether you are starting a new business or formalizing an existing venture, we can help you understand your options and put the appropriate legal documents in place.
Contact our office to schedule a consultation with Christopher M. Diedling.