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445 Hamilton Avenue
Suite 1102
White Plains, NY 10601
Tel: 914-681-0100
Email: info@pitlaw.com |
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| General Counsel Services |
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| Use a Lawyer |
 Some clients come to us with corporations
or limited lia
bility companies that they formed themselves
directly through a service company or their accountant.
More often than not, we find problems
with these entities. The records for these companies may
not be complete, the off-the-shelf documents may be inappropriate,
the organizers may not
entirely adhere to the required legal formalities or the
business may not be operated properly through the entity.
When these types of problems
exist, there is some risk that the company's limited liability
can be challenged. The fundamental point of setting up an entity
is to limit liability.
Some clients believe that they save money by doing it themselves. In fact,
it may take us more time to correct a problem than to do it right in the
first place. In some cases, we can never entirely correct the problem.
In any event, the legal fees involved in establishing an entity are not
high. Using a knowledgeable lawyer at the outset will help in the proper
selection of the type of entity and the state of its organization and
the drafting of the appropriate organizational documents. If it's worth
setting up an entity, it's worth doing it right.
That's what we do at Pitegoff Law Office PLLC. Before we take any steps to
form the entity, we will discuss the alternatives with you. We will also
discuss them with your accountant or tax lawyer, or we will ask you to
consult also with your accountant or tax lawyer. |
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