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Business Planning
Business planning is the preparation of various acts that serve to plan for the business's long term success.
Business Formation
Whether you need a Limited Liability Company, Corporation (including a Nonprofit Corporation), Partnership, Limited Partnership, or Limited Liability Partnership, or you are not yet sure, AVP Law is here for you.
To begin the process, a business formation consultation is scheduled where an attorney ensures the correct business entity is chosen based on the client’s plans, needs, desires, and tax efficiency.
We offer comprehensive business formation packages that include the filing paperwork required by the state and the organizational guidance documents such as bylaws, partnership agreements, and operating agreements.
We are cognizant of state and federal securities law challenges and exemptions. One of the worst things a business owner can do is inadvertently sell a business interest without meeting a securities exemption.
Call today to get your business up and running with limited liability and maximum tax efficiency.
Business Succession Planning
Transitioning out of a business that you have spent years building is no easy task. Whether you are looking to sell or pass your business on to family we are here to help.
We can draft buy-sell agreements and financing agreement including redemption and cross-purchase life insurance buy-sell agreements. Life insurance is often a powerful business planning tool. It can provide liquidity in times of need (such as the death of a key employee) and provide enough liquidity for remaining owners to purchase the interest from the estate of a deceased owner.
It is never too early to plan for business succession. Give AVP Law a call today.
Business & Employee Planning
From various defined contribution retirement plans, such as Simplified Employee Pension Plans (SEP IRA), Savings Incentive Match Plans for Employees (SIMPLE IRA), Self-Employed 401(k)s, and Traditional 401(k)s, to various defined benefit plans and even group term life insurance, as well as other employee benefits, we advise businesses of all sizes on the best employee benefit options.
Having a 401(k) plan used to be an expensive option for small businesses. This is no longer the case. There are many competitive companies that will take care of the compliance and investments of the plan, leaving the business with minimum liability and work. Special internal revenue code provisions even allow businesses to avoid the annual top heavy and weighted plan tests if the safe harbor provisions are met. Having a comprehensive 401(k) helps attract highly qualified workers. So, what are you waiting for? Call AVP Law today.
We also provide executive compensation planning, including Supplemental Executive Retirement Plans (SERPs) utilizing a variety of methods such as life insurance, split-dollar life insurance, rabbi trusts, and stock options. If you have a valuable employee or employee owner SERPs offer a much higher level of benefits than most other options.