Cover Your Bases During Business Formation
Taking the proper steps to ensure a sound business formation allows an owner to protect herself and her private assets against harmful legal action in the event of an unwanted scenario. The Cromeens Law Firm now offers a Business Formation Package that addresses all the requirements, as well as the desirables, involved in establishing a state-recognized, legally formidable company.
Backed by a long-standing commitment to excellence in the practice of Texas construction law, The Cromeens Law Firm has combined all its resources to bring together an offer suited specifically for business owners seeking to establish a company as an LLC or corporation.
It can be confusing and scary taking those first steps that lead you from an independent contractor to a small business. If not done right, your personal assets and the business itself can be left open to risk.
First Things First
Before taking that first big step, the knowledgeable attorneys at The Cromeens Law Firm will sit down with you to determine your company’s needs and what it takes to satisfy the legal requirements of local, state, and federal regulatory compliance.
A ton of paperwork is involved when filing a request to establish an LLC or corporation with the State of Texas. From the creation of an operating agreement to the development of a quality assurance management program, it’s best to have experienced professionals in your corner to ensure the proper paperwork is submitted in a timely manner.
We will also assist by examining how to minimize or mitigate the risks that may be associated with business formation for your particular industry, helping to choose the perfect business structure for your operations.
For example, if you have a small construction business with fewer than 10 employees, it may be that an LLC, or limited liability company, will best suit your needs. But let’s say your locations include south Texas and you’re seeking to possibly branch out into Mexico; then you will want to incorporate.
Aaagh, but wait! What’s the difference between a C corporation and an S corporation? If you’ve looked into filing the paperwork yourself, then you already know that there is quite a learning curve to overcome. Why deal with the hassle when The Cromeens has the experience you need to get the job done right? Save your valuable time for the important tasks, like running your business.
Once we have determined the level of incorporation to pursue, you can be certain that you and your personal assets will be protected if something were to happen. A DBA, or doing business as, designation has limitations. Incorporating or creating an LLC is the best way to protect your personal property.
Choosing the Right Fit
There are so many options, yet so little time. It’s important that you enter the process with a clear understanding of the add-on options and what they can do to help make your company successful. The Cromeens walks you through this process, helping you decide which options can wait for later when they better fit the budget and size of your business. However, there are some add-on options you’ll want to take advantage of right away, such as the development of important employee resources.
Because establishing employee resources can prove to be a monumentally time-consuming task, the expert legal team at The Cromeens provides business owners with guidance during this critical phase of the process.
If you have more than one employee, ensure that you follow all the required laws and spell out specifically what is required of your subordinates. A handbook can outline exactly what you are expecting from your employees. Dress code, customer interactions, and equipment management are just a few of the items that can be defined in a well-planned employee handbook.
For example, will the company allow employees to take tools home with them? Will the company allow employees to use their own tools? What if an employee’s tool malfunctions and causes a workplace injury to the user or other employees? How will the company address that issue?
The Cromeens advises on these and many other scenarios, helping you to protect your company and its assets long before any potential incident rears its ugly head.
In addition to an employee handbook, The Cromeens offers guidance in the development of noncompete clauses and confidentiality agreements, protecting your company and its proprietary information following an employee’s termination or resignation from the company.
Still another opportunity to establish a comprehensive, well-thought-out business involves the development of individual job descriptions, discipline forms, performance reviews, and attendance records/time sheets.
All of these must be clear and professional so that your employee knows what is required and how they can improve their performance. And when they are not meeting your expectations, they will also need to know what can happen, depending on the severity of the infraction.
Contracts. Don’t forget the contracts. Avoid the pitfalls of drafting a secure, legally binding contract by consulting The Cromeens, your business formation experts. We understand that certain provisions, which are not normally included in standard contracts, are going to protect your company and your private property.
Once all the paperwork is in place and the contracts are strong enough to withstand a Texas tornado, you’ll certainly want to know how your company will fare against an audit.
If you already have some or all of the documentation required for an audit, let The Cromeens help make sure it’s all up to legal standards by conducting a thorough mock audit. We can provide an audit to ensure your company is in compliance with the Fair Labor Standards Act and confirm that your company is retaining all the necessary documents that are provided to you by your employees.
Consult the Experts
Are you ready for a comprehensive plan that covers all your business formation needs? The Cromeens Law Firm offers clients a transparent, flat-fee pricing for its Business Formation Package. Add-on options that cover the development and creation of contracts, employee handbooks, confidentiality agreements, etc., are available to fit every budget, business size, or type.
Don’t get stuck with an auto-generated or one-size-fits-all, cookie-cutter business bundler. Choosing the Cromeens Business Formation Package ensures a customized service that suits your needs. We understand the special intricacies in employment law and are adept at designing a formation filing that protects business owners and provides them with the best opportunity for success.
Contact our experienced attorneys today to discuss your options.
This article is intended as a general educational overview of the subject matter and is not intended to be a comprehensive survey of recent jurisprudence, nor a substitute for legal advice for a specific legal matter. If you have a legal issue, please consult an attorney.