Prague & Prague Law LLP offers various business law services to accommodate the needs of our clients pursuing business and/or charitable endeavors. These services include:
Entity Formation and Ongoing Compliance: We assist individuals and business owners in the formation of various business entities, including limited liability companies, limited partnerships, corporations, and more. This process includes analysis and selection of the optimal entity structure based on the client’s needs and goals. We then attend to the requisite organization filings with the state and draft the entity’s governing documents such as limited liability company operating agreements, partnership agreements, shareholders’ agreements, and corporate by-laws. With respect to existing entities, we ensure that such entities remain in good standing with the state of organization/incorporation by preparing all required annual filings.
Acquisition and Sale Transactions: We represent clients with the acquisition or sale of a business in a variety of contexts and strategize favorable tax results when structuring the transaction. We are adept at drafting and negotiating Stock Purchase Agreements, Asset Purchase Agreements, Buy-Sell Agreements, and related documents.
Business Succession Planning: The issue of business succession planning will emerge at some point in the life of any business and raises a complex host of questions. We counsel business owners on various alternatives and tax implications, and work with them to develop a plan that will ensure a smooth transition of ownership.
Private Foundations: For individuals seeking to establish or maintain a private foundation to carry out their philanthropic mission, we are available to assist in all aspects, including:
- Creation of the legal entity, be it a corporation or a trust;
- Registration of the entity with the Attorney General’s office;
- Filing of Form 1023 with the Internal Revenue Service to obtain tax-exempt status; and
- Completion of all required federal and state tax filings and annual reports on a yearly basis