Business Law

Corporate Formation: This includes the preparation and filing of Articles of Incorporation, purchase of a corporate minute and stock book, the preparation of By-laws, initial minutes, stock ledger, assignment of assets, the issuing of stock, Pay on Death beneficiary form, creation of a stock ledger, application for federal tax identification number and election for the corporation to be taxed under Subchapter S of the Internal Revenue Code, if appropriate. For most corporations, our fee for this service is $600 plus the State fee to file Articles of Incorporation (in Utah, $70).
Limited Liability Company Formation: This includes the preparation and filing of Articles of Organization, preparation of the Operating Agreement, assignment of assets, Pay on Death beneficiary form, application for federal tax identification number. For most limited liability companies, our fee for this service is $600 plus the State fee to file Articles of Incorporation (in Utah, $70).
Maintenance of Corporate Records: This includes preparation of Annual and Special Meetings of the Shareholders and Board of Directors. This service is included in the Corporate Veil Service.
Corporate Veil Service: This includes acting as the Utah registered agent, maintaining the corporate minute and stock book and stock ledger, preparation of Annual and Special Meetings of the Shareholders and Board of Directors, and annual "Corporate Activity" and "Corporate Action" Checklists. Our fee for this service is $395 per year.
Buy/Sell Agreements: These are contracts in which shareholders or their corporations agree to purchase the shares of a deceased, disabled or withdrawing shareholder. Contracts between shareholders are known as "Cross Purchase Agreements" and contracts among shareholders and the corporation are known as "Entity Purchase Agreements".
Business Agreements: These include business contracts, commercial real estate and equipment leases, triple net leases, independent contractor agreements, disability income plans, medical reimbursement plans, employment contracts, covenants not to compete, confidentiality agreements, security agreements, UCC filings, split dollar agreements.
Business Succession Planning: This includes strategies for transferring the business to a child of the founder, a partner or employee, or a third party buyer. If the strategy includes gifting, gift and estate taxes must be taken into account. Sales of the business require proper contracts, notes, security agreements, and transfer of interest documents. Income taxes also must be taken into account. Experience has shown that long-term planning involving several professionals works best in this area.