Business

 
Starting a new business anywhere in the Commonwealth of Pennsylvania and especially within the City of Philadelphia can seem daunting. You have an idea for your product or service, you may have partners, you may even have a location in mind, but where do you start?

The first step is determining the right business entity for your new business. The options include forming a for-profit or non profit corporation, an LLC, an LLP, or a general partnership. Each of these entities has advantages, both for tax and liability purposes, and disadvantages.

Of course you can file by yourself on-line with the Pennsylvania Corporation Bureau to save some money, but how will you know which entity to choose? Our lawyers can advise you about which entity is right for your particular business and your situation, draft a partnership agreement, and assist you in securing a federal EIN.

Furthermore, the City of Philadelphia has zoning and use restrictions on the use of its buildings and houses, as well as separate business licenses and taxes. Our lawyers can help you understand the legal uses in your zoning classification, whether it is feasible and how to secure a zoning variance, and which permits and licenses will be required.

Properly drafted commercial leases and related property documents can secure a newly formed business’ location for years. Individually crafted limited partnership agreements, shareholder agreements, and other agreements setting forth rights and obligations at the formation of the business entity can avoid extensive and expensive litigation on break-up or dissolution of the business or the partnership.