Business Formation And Exit Strategy
For more than two decades, businesses in Dubuque and the surrounding tri-state area have trusted Kane, Norby & Reddick, P.C., to lead them through the business formation process, position them to achieve their long-term business goals and develop smart, effective exit strategies that protect their interests.
Trusted by businesses throughout the tri-state area for more than 20 years.
The Formation Process
The decisions you make during the formation process can have a major impact on your personal liability and the long-term financial health of your company. At Kane, Norby & Reddick, P.C., we assist clients with every portion of the business formation process, including:
- Entity Selection — This decision will impact your tax treatment and personal liability. Certain entities, such as limited liability companies (LLCs) and limited liability partnerships (LLPs), offer personal protection and may provide more beneficial tax treatment.
- Tax implications — Our lawyers help clients make decisions during the formation process that enable them to take advantage of tax breaks and obtain the best tax treatment possible.
- Preparation of documents — We develop all necessary documentation, including the articles of incorporation, bylaws and employment policies. We also negotiate and draft partnership and shareholder agreements.
- Real estate — We facilitate corporate real estate transactions to ensure property is transferred efficiently, assist with zoning issues and ensure all necessary permits are obtained.
- Government compliance — Depending on the type of business, there may be local, state or federal regulations governing the formation and development of your company. We make sure our clients’ businesses are in compliance with all applicable regulations.
We also assist with corporate restructuring after mergers and acquisitions and assist with incorporation.
Developing An Exit Strategy
Many entrepreneurs focus solely on starting their companies. During the formation process, it is equally important to plan for the future.
Exit strategies not only protect the individual interests of owners and corporate officers, but they also protect the financial health and goodwill of the business. A well-drafted exit plan will ensure that any changes in ownership, due to a death or sale, are handled efficiently. At Kane, Norby & Reddick, P.C., we develop exit strategies based on each client’s unique goals. Possible exit strategies include:
- Selling your interests
- Liquidating the company
- Selling the company
- Acquisitions and mergers
We also create business succession plans that dictate how business interests will be transferred after the death of an owner or shareholder.