You’ve decided to start your own business. Or maybe you already have a business but you want to convert it to a different type of entity. Either way you want help from a business lawyer. Whether you’re a Jupiter or Palm Beach Gardens startup seeking venture capital or a small business looking for an edge, Welch Law can help you make an informed choice of which entity is right for your business. Once that’s done, we can help guide you through the process of setting up the business the right way.
Choosing Your Business Entity
There are many different structures you can use for your business. Corporations and LLCs are two of the most popular, but there are plenty of others to choose from, like general partnerships, limited partnerships, sole proprietorships, professional associations, and more. Welch Law will help you understand the pros and cons of each of these forms, specifically as they relate to your business. This conversation often focuses on how the entity will be taxed, the liability exposure of entity owners, and the ability of entity owners to transfer their interests in the business.
Setting Up Your Business
Once you settle on an entity structure, Welch Law will help get it set up by filing appropriate documents with the state and preparing governing documents such as articles of incorporation, corporate by-laws, and LLC operating agreements. These governing documents may seem like mere formalities, but they are often critically important because they provide a roadmap for where the business is going, how it will get there, and who is behind the wheel.
Flat Fee Packages
Below are a few of the flat fees commonly used for business formation projects (The fee you’re quoted may be higher depending on the complexity of the project. The flat fee doesn’t include government filing fees, which must be paid by the client). While these are the most popular options, they are by no means the only ones offered, and so don’t hesitate to schedule a complementary call about flat fees for other business formation or governance projects.
Single Member LLC
The flat fee for forming a single-member LLC starts at $500. We will first meet with you to discuss your business and gather information. Once Welch Law has the information needed, we form your single-member LLC by filing Articles of Organization with the Florida Secretary of State. We then prepare the LLC’s governing documents, including the LLC’s operating agreement.
The flat fee for forming a multi-member LLC starts at $1,250. We will first meet with you to discuss your business and gather information. Once Welch Law has the information needed, we form your multi-member LLC by filing Articles of Organization with the Florida Secretary of State. We then prepare the LLC’s governing documents, including the LLC’s operating agreement.
The flat fee for forming a corporation starts at $1,500. We will first meet with you to discuss your business and gather information. Once Welch Law has the information needed, we form your corporation by filing Articles of Incorporation with the Florida Secretary of State. We then prepares the corporation’s governing documents, including the corporate bylaws.