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Business & Corporate Law

The Power of One - One Law Group, S.C. Business & Corporate Law team is composed of “business people” who happen to be attorneys. Through their experience with large and small businesses they have developed a wealth of knowledge in business and corporate law. Each attorney on the team understands the strategic and tactical challenges that face business owners today and encourage balanced, business-related solutions. Our attorneys will work closely with you to understand the nature of any given task and the alternatives available to manage that task.

Our Business and Corporate Law Team provides services in the following areas:
  • Banking and Finance
  • Litigation
  • Commercial Transactions
  • Contract Preparation and Review
  • Creditor’s Rights
  • Dealer, Distributor, and Franchise Agreements
  • Employee Benefits
  • Employment and Non-Compete Agreements
  • Entity Conversions
  • Entity Selection and Formation
  • Executive Compensation Agreements
  • General Business Counsel
  • Incorporation and Dissolution
  • Leasing
  • LLC Operating Agreement
  • Mergers and Acquisitions
  • Municipal Law
  • Real Estate and Construction Issues
  • Recapitalizations and Reorganizations
  • Shareholder and Partnership Agreements
  • Succession Planning
  • Tax Issues
  • Trade Secret, Trademark, and Copyright Matters

Frequently Asked Questions

What is a corporation?
A corporation is a business entity established under state law that offers the owners (shareholders) limited liability for the company’s debts and obligations. Corporations typically have shareholders, directors and officers and operate pursuant to bylaws.

What is a Limited Liability Company (LLC)?
A limited liability company, commonly referred to as a LLC, is a business entity established under state law that offers the owners (members) limited liability for the company’s debts and obligations. An LLC typically requires fewer formalities than a corporation. The owners of an LLC typically report their percentage share of the business’ income for tax purposes.

Should I form a corporation or an LLC?
Both entities limit the liability of owners. A corporation requires more administrative formalities than an LLC. Corporations are subject to double taxation, since the corporation must pay taxes on its profits, and the shareholders must again pay taxes on dividends paid by the corporation out of those profits, unless the corporation is an S corporation. Although an LLC often seems more attractive, there are issues of management and control, tax and other reasons that may make a corporation a better option. Our experienced business attorneys can advise you on the structure that is most appropriate for your business.

What is a Sole Proprietorship?
A sole proprietorship usually refers to a for profit business owned by a single person. For tax purposes the owner reports the business income.

What is a General Partnership?
A general partnership is a for profit business with two or more people who have an ownership interest in the business. For tax purposes the partners report their share of the business income.

What is a Limited Partnership?
A limited partnership (LP) is a business entity with both general partners and limited partners. In a limited partnership, the general partners generally have authority to run the regular operations of the partnership business but may also carry unlimited liability for debts and obligations of that business. The limited partners generally have liability limited to the extent of their contributions along with any further contributions they have agreed to be responsible for paying in the future.

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