Entity Selection and Formation

Startups and their entrepreneurial owners have enough to worry about—sales, business development, marketing, IT, cybersecurity, finances, accounting, you name it. At Lockaby PLLC, we make the business planning and entity selection and formation process as easy and painless as possible.

We advise business owners on the different types of corporate entities, such as limited liability companies, partnerships, limited partnerships, and corporations, and help them select the organizational form that best aligns with their goals and the myriad management, operational, tax, and liability issues. We help business owners form the entities, including all applicable tax accounts, and prepare the foundational governing documents, such as operating agreements, partnership agreements, and shareholder agreements.

We also help business owners navigate the tricky ownership and management issues, including member and shareholder rights, voting rights, mandatory distributions, and transfer restrictions, among others.