Business Corporation Attorneys
We can assist your business with your corporate legal needs
Disputes involving corporate law can be complex legal matters. Whether it’s forming a corporation or an existing company facing legal action, it’s critical for businesses to seek legal counsel from an experienced corporate lawyer familiar with this area of the law. Otherwise, a company could suffer adverse consequences that could negatively impact its business.
Our dedicated legal team at Eller Tonnsen Bach, LLC can skillfully guide your corporation through any legal obstacle you may encounter. We have years of experience dealing with such complicated business litigation cases. That’s because we have worked with businesses of all sizes incorporating, reorganizing or dealing with other legal challenges in South Carolina and North Carolina.
Such hands-on experience has given our business savvy attorneys an in-depth understanding of the state and federal rules and regulations governing corporations. That’s why we’re the law firm that businesses and other attorneys turn to when they need legal advice. We have the knowledge and the expertise your corporation needs to navigate through any challenge.
What are different types of corporations?
Many large, profitable businesses structure their company as a corporation. By forming a corporation, the investors (often shareholders) in the company are a separate entity from the corporation itself. As a result, investors are not personally liable for any contractual obligations or debts incurred by the company.
There are several different types of corporations. Some of the most common types of corporations include:
- C Corporation – This type of corporation is taxed separately from its owners. Most corporations in the country are organized as C corporations. This type of company can have an unlimited number of investors (shareholders). Some C corporations distribute stock dividends to shareholders. However, not all C corporations do so.
- S Corporation – These types of corporations are similar to partnerships in many respects. That’s because only a limited number of shareholders own stock in the company. There are many other distinctions between C and S corporations, including the tax filing process and who’s responsible for paying such taxes.
- Limited Liability Company (LLC) – A limited liability company (LLC) is owned by a limited number of owners, known as members. Like other corporations, an LLC is a separate entity from its owners. As a result, an LLC is considered a combination of a sole proprietorship and a corporation.
- Nonprofit organization – Many nonprofit organizations are structured as corporations. Such organizations use a corporate structure since it often allows nonprofits to expand more easily in the future.
Different types of corporations often have their own, unique advantages and disadvantages. Depending what type of business your company is engaged in, certain corporate structures might make more sense for your business. That’s why it’s important to consult with a business attorney before making any decisions about the legal issues facing your corporation.
How is a corporation formed?
Incorporating a company can be a complex, legal process. Often, extensive legal forms, permits and official documents need to be filed with the appropriate local, state or federal agency as part of the formation process for a new corporation.
Other steps in the process of forming a corporation often include:
- File articles of incorporation in the state where the company is located.
- Create corporate bylaws governing how the company is operated.
- Create and appoint a board of directors for the corporation.
- Issue shares of stock in the company.
- Apply for an employer identification number (EIN) from the Internal Revenue Service (IRS) for tax purposes.
These are just some of the steps that need to be taken when incorporating a corporation. At each step along the way, it’s critical that every document and form is accurate and submitted on time. Otherwise, the incorporation process could be jeopardized due to errors or delays. Experienced corporate attorneys know these deadlines and understand the importance of being in compliance with all applicable state and federal regulations.
What are common legal issues involving corporations?
A wide range of legal issues often come up involving corporations, including:
- Submitting the necessary documents involved in incorporating a corporation.
- Establishing the capital structure and financial arrangements for the corporation.
- Drafting or amending existing business operation agreements.
- Shareholder disputes involving the corporation.
- Trademark disputes or copyright infringement-related cases.
- Nondisclosure agreements involving trade secrets or intellectual property disputes
- Legal action, including lawsuits, filed against the company.
- Purchase or sale of the corporation.
- The corporation’s purchase or sale of another business.
Many legal issues often arise involving corporations. That’s the reason why some companies have an in-house general counsel to advise the company on important legal matters. But even if your company already has a general counsel, an outside attorney with extensive experience handling certain legal issues can often bring a unique perspective for resolving such important matters in an innovative, cost-effective way.
Learn more about how a corporate lawyer can help your business. Contact us
The stakes are often very high when it comes to legal issues involving corporations. That’s why our attorneys at Eller Tonnsen Bach, LLC take such cases so seriously. As your legal counsel, we won’t waste your time or your money. We’ll get straight to work researching your case. We’re also mindful of the financial pressures often facing companies. That’s why we strive to find cost-effective solutions that produce measurable results.
Our firm represents small corporations and Fortune 500 companies throughout South Carolina and North Carolina. In each case, we bring the same tenacity and attention to detail. As a result, we have a well-earned reputation among business professionals. We have the experience, expertise and knowledge to effectively address any legal issue facing your corporation.
Put your trust in the law firm businesses trust. Contact us and schedule an appointment with an attorney at one of our three office locations in South Carolina and North Carolina. We’re here to help your corporation thrive and succeed.