Our client was starting a new business in Weston Connecticut. It was a service business and he had a partner. We explored his business as well as his personal situation, finances, taxes, and goals. We considered the correct entity, the best state, tax minimization, future sale, and liability shield. We discussed how he and his partner would operate and who had the decision making authority. We established a methodology for one partner to exit the business. We incorporated the LLC and executed an Operating Agreement and had a Shareholder Meeting to get him off on the right foot.
Practice area(s): Business