Business Formation and Contracts

The attorneys at Heurlin Sherlock Panahi can help you to flourish and succeed, whether you are just starting out in business or have an established enterprise that requires advice, assistance and oversight regarding the myriad of activities your business encounters on a daily basis.

Business Entity Formation

Choosing the correct form for your business is critical to its success. Different corporate forms provide different risks and benefits in important areas such as taxes, liability, ownership, management, and control. The entity in which your business operates should provide the appropriate structure to enable your business to grow and succeed, and provide you with the profits and satisfaction you sought in establishing your business.

Our attorneys can help you decide which type of entity will best help you achieve your objectives, such as:

• C Corporation
• S Corporation
• Limited Liability Company
• Partnership
• and other forms

Once decided, we can help set up the structure of your business, draft and file the appropriate legal and governing documents, and assist you in maintaining your entity in compliance with state and federal recordkeeping and reporting requirements. 

Non-lawyers who set up business entities without legal counsel risk serious adverse financial consequences. Many times, non-lawyers set up LLC's and fail to implement an "operating agreement." Other times, LLC's are established with a "50-50" ownership, which later causes problems of "deadlock" when the "50-50" owners disagree. These potential problems should be avoided at the start of a business, or may result in later litigation.

Contract Formation

Contracts are at the core of all business transactions and are encountered daily in every aspect of business.  Preparing contracts right from the start can help to minimize disputes down the road which arise from misunderstanding or misinterpretation of vague, ambiguous and poorly-worded documents.   When disputes do arise, a well-crafted contract will include provisions which protect your rights and interests and provide for an orderly, fair and efficient resolution of the dispute.

Heurlin Sherlock Panahi attorneys have significant experience in the negotiation and drafting of business contracts and can assist you and your business with all business contracts, including:

• Asset purchases and sales
• Licensing agreements
• Employment and independent contractor agreements
• Real estate transactions
• Commercial leases
• Service contracts

If you need advice and assistance establishing a business in Southern Arizona, or require the services of an attorney to negotiate, prepare or review contracts and other documents, contact Heurlin Sherlock Panahi for experienced and effective professional legal services.