Business and Corporate lawyers serving Akron, Canton and Summit County, Ohio.
If you own a business as a sole proprietor or a partnership, are starting a business, or are thinking about starting a business, our business attorneys can help advise you on forming a legal entity that fits your needs. Our team can help you select the type of business entity that will both protect you from personal liability for your company’s debts and give you the best possible tax treatment. We also consider issues of ownership, and how new owners can be added or old owners be bought out as well as what happens if your partner dies, or gets divorced.
A well thought out company formation can handle these issues and a lot more. If you’re currently running a business as a sole-proprietor, you can be sued personally for the actions and debts of the business. Meaning that your house and other personal assets are at risk. Having a legal entity created will limited the liability for the company’s actions to the company’s assets. We call this the corporate veil. There are several types of entities and each one has its pros and cons. Too many people, however, think that merely filing a piece of paper with the Secretary of State is enough to form a company. This just isn’t the case. The filing is the first step only. That’s why it’s important to speak to an attorney when you form a company.
The lawyers at Hoover Kacyon, LLC., are dedicated to supporting our clients. We deliver the highest quality legal representation from a team of professionals while also providing excellent customer service. Call us at 330-922-4491 or contact us online to make an appointment.