Business Law

Whether you are starting a new business, expanding an old business, or planning for retirement and succession, having good counsel can make the difference between success and failure.

Partnership, S Corporation, C Corporation, LLC, Sole Proprietor, Non-profit (501(c))

The first step in starting a successful business is choosing the right entity. There are different benefits and drawbacks to each business entity and choosing the right one for your business can be difficult. I can help you make that choice.

Incorporating

Once you’ve chosen a form of business you will need to file formation documents, create an operating agreement, bylaws, or partnership agreement, file for proper tax treatment from the IRS, possibly create and register stock, and lease or buy space for your business. Navigating the process of incorporation alone can be a daunting task. I take care of the technical requirements allowing you to concentrate on getting your business up and running.

Operating Agreement

Perhaps the most important document for your business will be the operating agreement. This document sets guidelines for profit sharing, management, dispute resolution, succession, and dissolution. Essentially defining your business. A strong and personalized operating agreement is essential to the smooth operation of your new business.

Succession Planning

Just as starting a business is more complicated than accepting a job offer, retiring from a business you own is more complicated than simply retiring. Proper succession planning will allow you to retire from your business in a way you are comfortable with. Whether by gifting or selling the business to people you know and trust, selling the business outright, or dissolving the business. Succession planning allows you to retire from your business while directing the future of your business and legacy.

At any time in the life-cycle of your business you can benefit from good counsel. When you have a question that concerns your business, whether it’s a question about formation, leases, contracts, bylaws, succession, dissolution, ethics, or anything else, call me.

70 Center Street | Portland, Maine 04101 | (207)-808-1066

The materials and information on this website are made available by Law Office of Andrew F Hastings, LCC for informational purposes only and should not be considered legal advice. The transmission and receipt of information on this website do not form or constitute an attorney-client relationship. Persons receiving the information on this website should not act upon the information provided without seeking professional legal counsel.