Entity Formation (LLC, corporation)
If you’re setting up your own business, make sure you set it up right by forming the entity that helps brings maximum tax benefits and protects the interests of all the owners. A seasoned entrepreneur himself, attorney Bill Hesch helps privately-held businesses determine whether to operate as a sole proprietorship, Partnership, S-Corp, or C-Corp.
“There are many tax and legal aspects to consider when selecting the type of entity you want to create and how to structure it,” Bill comments. “Creating the right business entity can help save a company significant tax dollars. Structuring a business correctly also affords the owners protection for their personal assets. For instance, we have a lot of clients who own real estate, and we try to help them secure their personal assets by creating limited liability companies (LLC) that separately hold their investment properties and business.”
Purchase and Sale of Businesses
Buying or selling your business can be more intimidating than operating one when it comes to negotiating the price and key terms, valuing the business, and ensuring a smooth transition. By enlisting the assistance of Bill Hesch, you’ll have a go-to person for issues arising throughout the transaction.
As a CPA, attorney, former CFO, and experienced CEO, Bill guides his clients with an insider’s perspective. He helps structure the sale from a tax standpoint to achieve maximum tax savings for his client and works to protect his clients from needless legal disputes.
Operating Agreements
What is the operating procedures for your company? and What percentage of ownership is required for day to day or major decisions?
Do you have a succession plan?
What will happen upon the death or disability of the key employee?
If a partner sells his membership interest, what role does a new partner play in operations?
“A handshake might seal the deal and create a partnership, but it’s wise to have a written operating agreement to define what that handshake really means,” Bill explains. “If your business has written guidelines about how its owners are to make decisions and about what is to happen upon the death, disability, and retirement of an owner, then you can prevent disputes that can lead to long and costly litigation battles.”
Succession Planning
Only a fraction of family businesses survive the first generation. The ones that do, however, firmly develop succession plans to apportion membership interests and responsibilities among family members and key employees. Bill Hesch works with clients to explore the long-term financial solvency of their businesses and to implement strategies that minimize taxes and secure the business for years to come.
Employment Contracts
When you bring someone on board, make sure the expectations of both the company and the employee (or independent contractor) are set in place. Fundamentals like job descriptions, compensation terms, (un)paid leave, covenants-not-to-compete and moral turpitude polices notoriously spurn workplace litigation that can be costly to the company– and to the company’s reputation. Defining these issues, however, in a written agreement makes things easier on everyone.
Bill Hesch’s flexibility allows him to draft unique contracts or to review your company’s existing documents. Because of his responsiveness and commitment to the company’s legal, tax, and financial health, many business owners see him as the “in-house counsel” who happens to work out-of-house.
Buy Sell Agreements
Deeds / Leases
Protect your real estate investment by having Bill Hesch and his team prepare your deeds, mortgages, leases and related documents.
Whether you’re leasing commercial or residential property, Bill Hesch will develop an equitable lease agreement custom-tailored to address what matters most to you.
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