Corporate Formation & Compliance

Whether you are starting a new business or you have an existing one, it is important that you remain compliant with state and federal regulations. To do that, you will want sound advice from a qualified Minnesota business lawyer who knows the law and the steps that are involved in each process.

At Kelly & Lemmons, P.A., you will receive proactive counsel that will help you with your business formation or any compliance issues that you and your business may face. By addressing potential issues in advance, you can avoid costly litigation.

Giving Your New Business A Good Start

If your business is a new one, many forms can be taken and each one has different tax and liability issues that can come about. Failing to meet a specific requirement that is set forth by the state’s laws and regulations can cause you to experience a variety of issues. These issues can result in you pulling your energy and your money away from the development of your business and more toward having to deal with legal issues.

We will take the necessary time to learn the details of your business, as well as the goals you wish to meet with the business so that we can determine what legal structure is appropriate for your goals. We will then carefully explain the options available to you, helping you understand what each means. We will discuss partnerships, limited liability companies, and corporations with you so you can choose the right one and understand the liability and tax implications of each.

We ensure that everything is completed and in place. This gives your business the start that it deserves and increases the chances that you will move toward profitability rather than failure, as many businesses do within their first couple of years for varying reasons.

Ensuring Compliance With Laws & Regulations

Your Minneapolis business attorney will review your business and the laws and regulations surrounding it to ensure that your business practices fall within the confines of the law. By ensuring your business practices are sound, the chances that a claim can be brought against you is reduced significantly. This can preserve your business’s bottom line, as fines for violations can be very costly. If you are faced with an alleged violation, you can dispute it.

Furthermore, we are able to oversee or conduct your board or shareholder meetings and we will keep your minute book for you so you know that it is accurate. All necessary corporate resolutions can be prepared, as well as any other documents that must be filed with the state.

Contact A Minnesota Business Attorney

If you are starting a new business or you have already established one, it is a must to stay in compliance with state and federal regulations. That is why you will need to seek the advice of an experienced attorney. Your attorney can help you with business organization and ensuring that you meet the requirements of the laws and regulations within the state. To find out more, call Kelly & Lemmons, PA. at 651-224-3781 for a free consultation.