Foundations For Business Success
If you are starting a new business or buying an existing one, you have a lengthy to-do list. But first things first: You will need to determine how to plan and structure your enterprise.
At The Machin Law Firm, LLC, we assist entrepreneurs with all aspects of business formation and startup under Maryland law. We help you make sound and strategic decisions to lay the proper legal foundation to foster growth and avoid entanglements. Our experienced business law attorneys have helped clients in Montgomery and Frederick counties handle many business law needs.
Entity Selection And Governing Agreements
Attorneys Manuel and Rada Machin can walk you through the pros and cons of the different business entities to determine which is best suited to your enterprise, risk tolerance and vision for the future. We provide guidance on personal liability, regulatory compliance, taxation burdens and the expense of creating and maintaining each type of business organization, including:
- Corporation (S or C corporation)
- Limited liability company (LLC)
- Limited liability partnership (LLP)
- Limited partnership or general partnership
- Joint venture
- Sole proprietorship
In conjunction with entity selection, we help you create and negotiate the terms of the shareholder agreement, operating agreement or partnership agreement. These documents are critical to clarifying the roles of the stakeholders, how you will adapt to growth or business challenges and how you will resolve internal disputes (up to and including dissolution or buyouts).
Full-Service Counsel For Business Startups
We assist you with all the statutory requirements of starting a business in Maryland as well as the legal issues you will encounter in the early phases of your venture, such as:
- Registering with the Maryland Department of Revenue and obtaining a federal tax ID number
- Registering a unique trade name or fictitious name
- Licensing requirements
- Regulatory compliance and reporting
- Corporate governance
- Contracts with vendors and customers
- Employment agreements
We pave the way for smooth startups. At The Machin Law Firm, LLC, we also provide ongoing outside general corporate counsel services to small and midsize businesses throughout Maryland.