Corporate / LLC / Partnership Law

Tailored legal solutions for corporations, LLCs, and partnerships, ensuring compliance and optimal structure.

Sellers PC provides expert corporate law services, LLC legal support, and assistance with partnership agreements to help businesses navigate the complexities of modern business law. Our experienced legal team is dedicated to delivering tailored solutions that prioritize business compliance and legal risk management. By partnering with us, you gain a competitive advantage through strategic legal guidance designed to meet the unique needs of your corporate, LLC, or partnership structure. We focus on reducing your legal risks, streamlining your operations, and ensuring compliance with regulatory requirements so you can concentrate on growing your business.

Featured Services

Sellers PC provides expert legal support for LLCs, partnerships, and business compliance to help businesses operate smoothly and securely. From LLC formation and operating agreements to drafting and negotiating partnership agreements, our team addresses essential legal needs to safeguard your operations. We also focus on ensuring regulatory compliance and reducing legal risks through thorough assessments and tailored solutions. With Sellers PC, you can confidently manage your business while we handle the complexities of legal compliance and structural stability.

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Business Entity Selection and Formation

Guiding clients in evaluating and selecting the most suitable business entity type while considering organizational requirements and tax implications. Common entities include LLCs, Corporations (for-profit and non-profit), Limited Partnerships, and Joint Ventures.

Legal Documentation for Business Formation

Preparing and filing essential legal documents such as Articles of Incorporation, Articles of Organization, Bylaws, Operating Agreements, Subscription Agreements, and IRS applications for EINs and tax elections.

Corporate Governance and Compliance

Assisting businesses in establishing governance frameworks through shareholder agreements, board resolutions, conflict of interest policies, and adherence to federal and state compliance regulations.

Tax Structuring and Planning

Advising on federal and state tax considerations, including tax elections such as Subchapter S and other entity-specific tax strategies to maximize benefits and minimize liabilities.

Non-Profit Entity Formation and Compliance

Supporting the creation and registration of non-profit organizations, including applying for 501(c)(3) tax-exempt status and ensuring compliance with Michigan charitable solicitation laws and requirements.

Partnership Agreements and Structuring

Drafting, reviewing, and advising on Limited Partnership Agreements, Joint Ventures, and Buy-Sell Agreements to ensure clear roles, responsibilities, and protections for all parties involved.

Ongoing Corporate Legal Support

Offering advisory services for existing businesses, including Board of Directors consultations, structuring dividends or stock reorganizations, fiduciary duty guidance, and creating equity incentive plans for employees.

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Corporate Law FAQs

What is the process for business entity formation, and how do I choose the right structure for my business?

The process for business entity formation starts with evaluating your business's goals, liabilities, and tax strategy. Choosing the right structure, such as an LLC, Corporation (for-profit or non-profit), or Partnership, depends on factors like liability protection, tax implications, and operational needs. At Sellers PC, we guide you through every step, from understanding your options to filing Articles of Organization or Incorporation, drafting bylaws, and securing your tax elections. A well-structured entity can minimize risks and set your business up for success.

Why is an LLC Operating Agreement important, and what should it include?

An LLC Operating Agreement is vital because it outlines the ownership structure, management rules, and dispute resolution processes for your business. This document helps protect members' interests and ensures smooth operations. Key elements include profit-sharing ratios, voting rights, management roles, and exit strategies. Without an operating agreement, state default rules may apply, which might not align with your business goals. Sellers PC drafts comprehensive agreements to safeguard your LLC and prevent potential legal conflicts.

How do partnership agreements help prevent disputes and protect partners' rights?

Partnership agreements are critical for defining the roles, responsibilities, and rights of each partner. These agreements address key issues like profit distribution, decision-making authority, contributions, and exit terms. A well-crafted partnership agreement can prevent misunderstandings and disputes by setting clear expectations. At Sellers PC, we ensure your agreement is legally sound and tailored to your partnership's specific needs, offering long-term security and operational clarity.