There are many issues to consider in the purchase and sale of a business and the failure to address those considerations during negotiation and closing on a business sale can result in unintended liability and tax consequences. You should always consult with your attorney and accountant when establishing the terms of sale/purchase of any business. The experienced professionals at the Law Office of Nicole M. Bono, P.C. can assist you with your business sale and purchase needs.
Corporation Formation and Maintenance
The creation of corporation requires more than the filing of a form with the Secretary of State. There are many requirements that must be met for a corporation to remain in good standing and maintain personal liability protection for its shareholders, officers and directors. The Law Office of Nicole M. Bono, P.C. can help with the establishment of a corporation as well as the maintenance of its Corporate Record Book, if necessary. We also act as the Registered Agent for many of our client corporations.
Commercial Lease Review and Drafting
One of the first things many new businesses do, sometimes even before establishing what type of entity they will operate as, is to enter into a lease agreement to secure the space for their business. This can be a risky thing to do without the guidance of an experienced attorney as the terms of said lease may affect the business for several years depending on the length of the lease. It is important to have an experienced attorney review the lease prior to execution to be sure that you fully understand all of its terms. Your attorney may also make suggestions for modification based on locality, the type of business you are in, and custom and practice. The Law Office of Nicole M. Bono, P.C. can assist in preparing and negotiating leases for their business clients.