Business Organizations

Brooklyn Business Lawyers

Decisions made when starting a business can affect the operation for years. One of the most important matters is the legal form, or entity, of the business. Choice of business entity can affect taxes, liability, and what happens if the company is dissolved. If you plan to start a new business, contact a Brooklyn attorney at Ortiz & Ortiz. Call 718-522-1117.

Helping businesses select the organization that meets their needs

Our attorneys at Ortiz & Ortiz have more than 60 years of experience helping small business owners in Brooklyn select the best entity for their needs or restructure when circumstances change. Our clients in this area of our practice include all types of businesses, including bakeries, real estate developers, restaurants, and retail stores.

Your choice of the best entity for your business depends on several factors

Selecting the right business entity depends on factors such as:

• How you want to account for income from the business
• Who will be liable for any judgments or charges against the business
• How many people will be running it
• Whether or not it will be profitable immediately
• What financing methods will be used
• How the business can be transferred to heirs
• How to address tax concerns

Different types of businesses require different types of organizational forms

We work with clients to understand their circumstances and their goals for the business. We use our understanding of their situation and our knowledge of business organization law to help them chose among various business entities, including:

• Sole proprietorship
• General partnership
• Limited partnership (LP)
• Registered limited liability partnership (LLP)
• Limited liability company (LLC)
• Business corporation (C-Corporation or S-Corporation)

Working with existing businesses

In addition to helping entrepreneurs start new businesses, our law firm helps existing companies restructure, dissolve, merge, or acquire other businesses. We have undertaken buyouts that reduce the number of partners in a company. We use our experience with business bankruptcies to advise companies about their options for debt restructuring. We help plan for the transfer of interest in or ownership of a business. We advise about shareholders rights, franchising, and trade association membership.

Whether working with an established company or a new business, our lawyers use their many years of experience and their understanding of business law to make sure that businesses are structured for success. Contact us at Ortiz & Ortiz to learn how we can set up your business to run as smoothly as possible.

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