Indiana Business Formation Attorneys
The business formation attorneys at Mitchell Hurst Dick & McNelis, LLP, assist entrepreneurs and prospective business owners to formalize Indiana incorporation, limited liability companies or other ownership structures for new businesses. Our business law attorneys have experience establishing businesses and preparing documents and contracts that allow new businesses to run smoothly:
- Buy-sell agreements
- Contracts for vendors and contractors
- Non-compete agreements
- Confidentiality agreements
The firm works with business owners and their accountants in any industry to help them determine the most appropriate business structure for their particular business interests, taking into account the potential risks of their business, their tax situation and investment needs. The firm’s Indiana business formation attorneys assist clients in reviewing their options and establishing the following forms of businesses:
Partnership: This ownership structure involves two or more people joining together to form a business. While specific paperwork does not need to be filed to create a partnership, it is highly advisable to draft a legal partnership agreement that spells out the business arrangements between the parties. The partnership owners pay taxes on their share of the business income on their personal income taxes and each is held fully and personally liable for business liabilities.
Limited Liability Partnerships: LLPs are established by a business owner who then solicits others to invest in the business as limited partners. The “managing partner” (business owner) controls the business’s day-to-day operations and is personally liable for the business’s financial obligations. The partners have limited control and are not personally liable for business debts.
Limited Liability Company: LLCs' primary advantage over other business forms is the ability to limit the personal liability of the business owner for the financial obligations of the business. As with corporations, the Indiana LLC formation is a legal entity separate from the people who own it, but it is similar to a partnership in the manner in which taxes are paid.
Corporations and limited liability corporations are both good options for business owners who wish to limit their personal liability for business debt, for lawsuits, or who want to keep personal assets separate and protected from the business.
For assistance with Indiana incorporation, partnership agreements or Indiana LLC formation, contact our business formation attorneys.
We serve businesses and business owners in Indianapolis, Indiana as well as the surrounding communities of Carmel, Noblesville, Lebanon, Greenwood, Zionsville, Greenfield, Brownsburg, and Avon.
The business law attorneys at Mitchell Hurst Dick & McNelis, LLP, serve businesses and business owners in Indianapolis, Indiana as well as the surrounding communities of Carmel, Noblesville, Lebanon, Greenwood, Zionsville, Greenfield, Brownsburg, and Avon.