Many of the lawyers at Shaffer & Engle Law Offices, LLC are small business owners who have grown up among family-owned businesses. As such, we pride ourselves on having a keen eye for the factors that make up a successful business.
In order to facilitate the success of your business organization and your long term goals, you must know the steps to take to protect your business assets from any potential liabilities, or other forms of interference. We can help you identify any potential hazards to the growth of your business and implement carefully tailored strategies to avert any adverse consequences.
Since 1951, the business lawyers at Shaffer & Engle Law Offices, LLC, have been providing skillful legal counsel and high quality representation to businesses throughout central Pennsylvania.
To discuss your business goals or concerns with a knowledgeable, confident, and experienced lawyer, contact our Millersburg or Harrisburg law office.
Our firm represents sole proprietors, shareholder organizations, small businesses, and large corporations. We assist business clients with the following issues:
- Business formation and business incorporation
- Drafting of contracts
- Corporate book maintenance
- Mergers and acquisitions
- Sales and transfers
- Transfers of stock
- Entity choice and formation
- Tax issues
- Lease agreements
- Install and sales agreements
Estate Planning for Business Owners
Our attorneys are able to determine exempt and non-exempt assets under the Estate Planning Post Deficit Reduction Act, and can help you manage your business assets in order to shelter them from a Medicare or Medicaid spend down. We will protect your business in order to ensure that you are able to pass it down to your children.
Entity Selection
To help with the formation selection process, we will assess your individual situation, by evaluating the amount of assets involved, your exposure to liability, any tax implications, and all other pertinent factors. Entity choices include:
- Subchapter S corporation
- Subchapter C corporations
- LLCs
- LLPs
- Partnerships
- Sole proprietorships
Subchapter C corporations must pay taxes on both the corporation and the income derived. Subchapter S corporations, on the other hand, are those businesses with fewer than 50 shareholders and less than $5 million threshold in assets. These organizations are required to pay taxes on only the income derived from the corporation. It should be noted that both types of subchapter corporations also avoid personal liability on the part of the owners/shareholders.
Shareholders in any type of corporation are required to record corporate minutes on an annual basis. Our attorneys can also assist you in this process, as well as help ensure proper federal compliance throughout your entire organization.
Trust over 65 years experience from the highly regarded business organization lawyers at Shaffer & Engle Law Offices, LLC. Contact us today to discuss your business formation, planning, transactional, growth, or sales objectives. Call toll-free: 717-692-2345.
