Starting a business is an exciting endeavor, but it is also one in which you want to make sure that you have handled all of the paperwork correctly. We help many clients start businesses, purchase businesses, and help business clients maintain their proper filings in accordance with the laws of the State of Iowa.
When you start a business, choosing the best entity for your business is the first decision you will need to make. Not all businesses are alike and making sure you have chosen the correct entity to fit your business needs and goals can make all the difference.
From choosing the right entity formation for your business, to litigating contractual matters, enforcing non-competes, or negotiating buy-sell agreements, we can assist you with all your business needs.
Once you have decided on your entity there are many other matters that you will need to determine including, but not limited to: employee matters, insurance, regulatory matters, state and federal law requirements, sales tax collection if applicable, contractual issues, and lease matters. These are just a few of the things that the attorneys at McCormally & Cosgrove have experience in and can assist you in your business planning needs.
Types of Business Entities
The most common type of business entities are sole proprietorship, partnership, corporation, and a limited liability company (LLC).
Each entity has different legal requirements and we will work with you to review what is best for your business. Depending on what structure you choose, there are certain filings that are required to be completed and filed with the Iowa Secretary of State, as well as setting up your tax identification with the IRS and the Iowa Department of Revenue.
The legal requirements of starting a business can be difficult to navigate. We can advise you on what is the best entity formation for your business and assist you with completing the correct paperwork and setting up your business.