Seasoned Utah Business Organization Attorneys
Whether you are a budding entrepreneur or an established business owner, the legal structure of your company can affect your operational efficiency. If you are in the process of building, incorporating, growing or updating your company, our attorneys at Scalley Reading Bates Hansen & Rasmussen, P.C., are ready to provide the necessary legal counsel.
Our team of lawyers brings nearly 350 years of combined experience to every case. We manage the legal complexities so you can focus on driving growth.
Choosing The Right Business Entity
Different kinds of companies benefit from establishing themselves as particular types of business organizations. This decision can impact your liability, your ability to raise capital and your tax obligations. Our attorneys can help you select the right entity to minimize risk and maximize tax benefits, including:
- Subchapter S corporations: Often chosen by small businesses to avoid double taxation
- C corporations: Useful for businesses planning to reinvest profits or seek venture capital
- Limited liability companies (LLCs): Ideal for their flexibility in management and liability protection
- Limited partnerships: Frequently used in real estate investment and family wealth planning
Once you choose a business organization for your company, our team will draft the necessary documents to register your business with the state.
Tax Planning And Financial Collaboration
At Scalley Reading Bates Hansen & Rasmussen, P.C., our attorneys make it a practice to work closely with your accountants and financial advisors. We understand that legal decisions and financial decisions are intertwined. By coordinating with your financial team, we help you implement strategies that support your bottom line while maintaining strict compliance with state regulations.
Drafting Essential Business Documents
Our attorneys advise clients regarding matters that are of general concern to most business owners. We can draft and prepare the documents needed to address those concerns and define the protocols for the company. This includes:
- Control of business operations: Operating agreements and bylaws that define decision-making authority
- Buy-sell agreements: Critical contracts that dictate what happens if a partner retires, passes away or leaves the business
- Compensation agreements: Clear terms for paying owners, executives and key employees
- Contracts with other entities: Vendor agreements and service contracts that protect our clients’ interests
- Purchase and sale documents: Terms for buying assets or selling portions of the company
These documents often serve as your first line of defense against litigation. By clarifying expectations and responsibilities early, our lawyers can help you prevent internal disputes and costly legal battles down the road.
Facilitating Complex Transactions
As a company matures, its legal needs can become more complex. For five decades, our attorneys at Scalley Reading Bates Hansen & Rasmussen, P.C., have represented numerous Utah businesses in a variety of transactions. Our team can provide the oversight and due diligence you need in:
- Acquisitions and mergers: Our lawyers represent buyers or sellers in the transfer of business ownership.
- Reorganizations: We assist in restructuring the legal setup of a company to improve efficiency or tax standing.
- Admissions of new principals: Our attorneys can provide counsel in structuring the admission of new partners or shareholders, ensuring a smooth transition while protecting the rights of existing owners.
- Franchising: We can provide guidance on the regulations surrounding franchise agreements.
- Dissolutions: Our lawyers can help you minimize liability during the closing of a business, which can include settling debts and distributing or liquidating assets.
Our team manages these transitions with a focus on risk mitigation. During these periods of change, we work to help your business stay compliant and your assets secure.
Why Choose Scalley Reading Bates Hansen & Rasmussen, P.C.?
Business law does not exist in a vacuum. A company’s legal needs often overlap with real estate transactions, estate planning for owners and potential litigation. As a general practice firm, Scalley Reading Bates Hansen & Rasmussen, P.C., has the resources to address these intersecting issues under one roof.
Moreover, our firm has served the Salt Lake City region for over 50 years. Our attorneys know the nuances of Utah’s state and local regulations. We provide consistent, long-term guidance to support your company through every stage of its growth and development.
Business Organizations Attorneys
Contact Us Today
Our Salt Lake City offices are quickly accessible by phone or email. If you have questions regarding business transactions, formation or contracts, call us at 866-471-0614 as soon as possible to schedule your initial consultation with one of our lawyers. You can also send us your questions and concerns through our online form.