Business Entity Formation
A business entity helps protect what you’ve worked to build, and separates it’s operations from that of the individual business owner.
Business Entities: Choosing the correct business entity in which to operate your business is crucial. Should you have a separate entity that owns the real estate and another one that operates the daily business? Should it be a C-corporation, S-Corporation, limited liability company, limited liability partnership, or something else entirely? The answer to this question has specific consequences that a business owner needs to know from the beginning. Our experienced attorneys can help you find the best fit for your specific business needs.
Non-profit Entities: Do you have a passion that is leading you to want to serve others in a specific area where you would want to consider accepting tax-deductible donations? If so, it may be time to consider operating as a non-profit. Our attorneys can help you navigate the surprisingly technical state and federal filings that will enable you to help others in the area in which you were called.
Registered Agent Services
North Dakota requires that all business entities have a registered agent to receive service of legal process and to file the annual report. While for many clients can (and should) act as their own registered agent, Nyhus Law Firm provides this service when needed, particularly to clients without physical addresses in North Dakota.
Shareholder And Partner Documents
If a business is owned by more than one person, proper documentation is needed to ensure a smooth transition when an owner decides to retire or sell their interest to someone else. It is also needed to plan for unanticipated events like death, disability, divorce, and dissolution to ensure that each owner is treated equitably and ensure the long-term viability of the venture.
Whether your business is a family farm, construction company, or a main street storefront, proper documentation is needed that details many things, including their contributions and expectations relating to distribution of profits and apportionment of losses, as well as the many roles an entrepreneur usually plays in the business, including officer, director, manager, and employee. The business’ organizational and governance documents should not only set up the business, but also provide guidance for its long-term growth and stability.
Managing employees well is the hallmark of a good business leader. It’s not always easy, but we can help. Our attorneys help our business clients navigate issues relating to state and federal labor laws, job service claims, worker’s compensation issues, and the department of labor matters including wage and hour claims.
The best way to serve your employees is to have an informative and clear employee handbook addressing the employer’s policies and procedures. Our attorneys make sure your employee handbook covers all the necessary issues in your line of work.
“Be on your guard; stand firm in the faith; be men of courage; be strong. Do everything in love.”
— 1ST CORINTHIANS 16:13 (NIV)