Business Planning

Business Planning


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Business planning consists of the purchase, operation, and sale of businesses.
In purchasing a business, it is important to consider the type of entity which owns the business. The choices include operating a sole proprietorship, a partnership, an S corporation, a C corporation, and a limited liability company. In selecting the proper entity, it is important to weigh the advantages and disadvantages of tax effects and personal liability involved in each.
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When purchasing a business, it is also important to insure that one is not purchasing the seller's liabilities, as well as its assets.
In order to help clients maintain a business, our law firm drafts a wide range of contracts, addressing such diverse matters as employment agreements, employee benefits, purchase of assets, licensing agreements, manufacturing contracts, and other such matters.
In selling a business, it is important to determine whether one is selling a business itself or just its assets. Another crucial question concerns whether one is selling the business for cash or whether one is financing the purchase price. If the purchase price is financed, it then becomes important to insure that the purchase price is adequately secured.
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