Starting a New Business in Bucks County

Pennsylvania Business Organization Lawyer

Starting or expanding a business brings both new opportunities and increased risk.

At the law office of Elliot Mark Olen, we form ongoing, consultative relationships with clients seeking to start or expand their business. In consultation with financial planners, accountants and tax experts, business attorney Elliot Mark Olen can explain the advantages and disadvantages associated with different types of business entities, and the tax consequences and financial risks involved in each.

Prevent problems before they arise. Work with an attorney with more than 30 years of business startup experience. Contact the Fairless Hills law office of Elliot Mark Olen to schedule a consultation.

Business Organization: The Issues to Consider

When choosing an appropriate business entity for your business, your attorney will advise you on the related issues of liability (risk) and taxation (cost):

• Liability: In general, there is a direct relationship between the amount of control you, as an owner, exercise over your business and the amount of liability (risk) you accept. The more direct control you have over operations, the more financial and legal liability you have should the business fail. If you establish your business as a corporation - with a board of directors - you face much less personal risk should malfeasance or financial mismanagement occur.
• Taxation: Different types of business entities are subject to different sections of the federal tax code. But it's not as simple as choosing the business structure with the lowest federal income tax. Liability, insurance and indemnification issues must also be considered. Mr. Olen will evaluate your current situation and long-term goals to determine what works best for you.

Business Formation

Our office can assist you with every aspect of setting up your new business:

• We will advise you on types of business entities available for your specific business and business goals, such as sole proprietor or partnership, limited liability partnership or limited liability company, or incorporation (including S corporations and C corporations).
• We will explain your exposure to financial and legal liability for the type of business entity you've chosen.
• We will draft your bylaws, articles of incorporation or other initial documents, including ownership agreements and partnership agreements

Start off on the right foot. The law office of Elliot Mark Olen can help you properly position your company for business success. Contact us to schedule a consultation.

The Law Office of Elliot Mark Olen
Oxford Crossing, Suite 302 ● 333 Oxford Valley Road
Fairless Hills, PA 19047
Phone: (215) 943-5343 ● Fax: (215) 943-5118
Contact Us by Email

Our law firm is located in the Oxford Valley area of Bucks County, Pennsylvania, where our Pennsylvania business law attorney serves the legal needs of businesses and individuals in the northern Philadelphia suburbs, including towns such as Yardley, Washington Crossing, Levittown, Fairless Hills, Newtown, Bensalem, Morrisville, Langhorne, Southampton, Huntingdon Valley and eastern Montgomery County. Our lawyers also represent clients from New Jersey and across the country who need legal services in the state of Pennsylvania.

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The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation.

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