Business Formation

Memphis business formation attorney helping entrepreneurs plan and execute successful business startups. Expert legal guidance for your business formation needs.

As a Memphis business formation attorney, we understand that starting a business requires more than just a great idea. Careful planning and strategic decisions are key to success. From choosing the right business entity to securing startup funds, our experienced team at Douglass & Runger is here to guide entrepreneurs through every step of the business formation process, helping you build a strong foundation for your venture.

America, in general, and Tennessee, in particular, have a rich tradition and history of entrepreneurs who have opened their businesses and achieved success and financial freedom in doing so. A business does not succeed simply by luck, however. It takes careful planning and execution of those plans to help give the business the best possible opportunities for success.

Many decisions need to be made before a business is formed, such as the type of business entity that will be established, how the business will be run, and how the business will receive its initial start-up funds (just to name a few). The seasoned team of legal advocates at Douglass & Runger is experienced in helping new and experienced entrepreneurs carefully plan the startup of their business ventures and help them properly execute these plans. Make them a part of your business startup team to help give your business the best possible chance of success.

Common Business Startup Questions About Business Formations

When a person decides to form a business, certain questions must be answered. These questions will determine the next steps the entrepreneur must take to make the business a viable reality.

There are advantages and disadvantages to forming an LLC, a partnership, or a corporation (for example). A business formation lawyer can assist you in reviewing these strengths and weaknesses and help you decide which business entity is right for your goals and situation.
A hallmark of a successful business is a solid and well-defined document spelling out how the business is to operate. For a corporation, this document may be the business’s articles of incorporation; for other entities, the document may be referred to by a different name. Regardless of the term used to describe it, however, its purpose is the same: to inform others involved with the business how they can expect the business to conduct itself on a routine basis. A business formation attorney can draft these and other important operating agreements to ensure those on your team know their role and how their jobs and duties fit into the “bigger picture” of the business’s operations.
Your business may need startup capital, real and personal assets, and/or inventory acquired from other sources before it is ready to operate. Because there may not be an existing corporation or other entity at the time you enter into these contracts, steps may need to be taken in order to protect your own personal interests once the business is up and running. An experienced business startup lawyer will have the resources to assist you in locating the assets you need to begin operations and can help shift the legal responsibilities for these obligations to the business once it is operational.
Any business entity will need to pay its obligations and liabilities, including its tax liabilities. As part of the formation process, your business startup attorney will discuss with you the various tax implications of the various forms of business entities as well as what state reporting requirements you must meet in order to continue operating.

Why Choose Douglass & Runger for Your Legal Needs?

Every family law case is unique, with its own set of concerns and priorities. Our attorneys take the time to understand your specific situation and goals, craft personalized strategies to address your needs.

Listen. Strategize. Protect.

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