When deciding to start a new business, it is important to evaluate the most appropriate legal structure (i.e. limited liability company (LLC) or corporation) to eliminate your personal liability and reduce your taxes.  It is critical that the business owner, business lawyer and business accountant are collectively discussing these various issues and selecting the best legal entity for the client.

Some of the appropriate business documents include:

• Corporations:
  • Articles of Incorporation
    • EIN (aka federal tax ID number from the IRS)
    • ByLaws
    • Stock Certificates
    • Stock Ledger
    • Corporate Meeting Minutes
    • IRS “s” election Form 2553
• LLCs:
  • Certificate of Organization
  • EIN
  • Operating Agreement
  • Unit Certificates
  • Unit Ledger
  • Company Meeting Minutes
• Buy-Sell Agreement