At McCann Ellis Law, we guide clients through the proper formation, structuring, and ongoing management of business entities, as well as long-term succession planning. Choosing the right type of entity is a critical first step, requiring thoughtful evaluation of liability concerns, tax implications, and operational needs. After selecting an entity, the business must complete and file all necessary documentation with the appropriate state and federal agencies.
Once the business is established, it should adopt clear governance documents outlining management authority, decision-making processes, and day-to-day operational rules. Ongoing compliance is equally important; businesses must regularly review and update required filings to remain in good standing and avoid unnecessary exposure, including adhering to newer requirements such as the Corporate Transparency Act, which applies to most legal entities.