When selecting an organization structure, form follows substance and the substance is defined by the people who will control the organization. The requirements of a single owner small business, the owners of a multi-generation family business, a business planning to go public, or an investment fund are very different from one another.
At Strassburger McKenna Gutnick & Gefsky, we work closely with our clients to evaluate the best form of organization to achieve their long-term objectives, consistent with business governance, tax, risk, market and financial considerations. This can include various forms of corporations, limited liability companies, general and limited partnerships, joint ventures, and unincorporated organizations, trusts, associations or other forms of special purpose entities. We then implement the plan to form the business in Pennsylvania, Delaware, or any other jurisdiction that is appropriate.
An important part of organizing a business with multiple owners is deciding how the business will be governed and important decisions made. Carefully thought-out decision-making processes, and properly prepared organizational documents, helps minimize disputes among the constituents of the business, and assists the process of financing the business and ultimately achieving a successful exit or transition. The Business Services Group at Strassburger McKenna Gutnick & Gefsky provides guidance in how to structure the decision-making and control provisions in the organizational documents. When needed, we also help our clients navigate through potentially contentious situations.
To discuss the requirements of your business, contact Michael D. Fox.