Corporate and Commercial Law and Litigation
When starting a new business venture, one of the most important decisions you must make is the appropriate type of business entity for the structure of your new business. In New York, you have several options. The Law Offices of Ira M. Bierman will advise you of the relative advantages and disadvantages of each option and assist you in determining the best type of entity for your business. The Law Offices of Ira M. Bierman will also prepare and file the necessary documentation to establish your new business entity. Some of the types of allowable business entities in the State of New York include:
- Business Corporation
- Partnership
- Limited Liability Company (LLC)
- Limited Liability Partnership (LLP)
- S-corporation
The type of business entity you select will have tax and legal liability implications. For tax purposes, both LLCs and S- Corporations prevent double taxation; the taxes are passed through to the shareholders. For a regular business corporation, the corporation is taxed and then the shareholders are taxed again. However, LLC owners are considered self-employed and must pay taxes accordingly, whereas with an S-corporation, only employer-owners' salaries are subject to self-employment tax. Other differences include limitations on who may hold an interest in each type of entity, protection from liability, and how profits may be divided. An experienced attorney such as Ira M. Bierman will explain the options available to you and assist you in making an informed decision that works best for your business.
Regardless of which type of entity you select for your new business, you must file the required documentation and register your entity with the New York Secretary of State. The Law Offices of Ira M. Bierman will assist you with preparing the necessary entity formation documents, including shareholder and operating agreements, purchase agreements, contracts and leases, and employee agreements, and will oversee the filing of the documents with the Secretary of State.
In addition to assisting small business clients with business formation, the attorney in the Law Offices of Ira M. Bierman also has extensive experience representing small businesses in various litigation matters. Mr. Bierman has over thirty years of experience in business, commercial and corporate transactions, and has extensive trial experience. Mr. Bierman has represented clients in litigation involving:
- Contract disputes
- Shareholder disputes and minority shareholder rights issues
- Disputes over company management or direction
- Commercial lease disputes
- Management contracts
- Actions to collect debts and recover damages
- Landlord Tenant disputes
Contract disputes are the most common business disputes that arise. Contractual terms can determine the success of a business relationship or even the success of the business itself. There are many types of contract disputes, including equipment purchase and rental contracts, distribution contracts, franchise contracts, lease and property contracts, and construction contracts.
Contract disputes can have an overwhelming impact on the businesses involved; businesses can lose clients and profits and suffer damage to their reputation. Ira M. Bierman understands the significant negative effects and disruption that dealing with a business dispute can have on his clients. He works tirelessly to protect his clients' rights, assets, and reputations by providing experienced, professional, and personalized representation.
The Law Offices of Ira M. Bierman provide comprehensive business representation from choice of entity and formation, contract negotiation and preparation, to representation in the event of a dispute. If you are seeking experienced legal counsel regarding the formation of a new business, or aggressive and effective representation in a business dispute, Contact The Law Offices of Ira M. Bierman for a free initial telephone consultation regarding your specific legal matter.
