Business Formation

New Entity Selection and Business Formation

At Joseph A. Gembala III, Esq. & Associates, we guide new business owners and entrepreneurs through the business entity selection and registration process. If you need advice about the business organization form that best fits your capital structure, business operations, tax circumstances, and risk tolerance profile, contact business formation lawyer Joseph Gembala in Philadelphia. He holds an M.B.A. in Finance and Management from LaSalle University, where he has taught Business Law for nearly fifteen years.

Our law firm advises real estate developers and contractors, retailers, suppliers, restaurant owners, and family businesses of all kinds about the process of establishing and operating a business in Philadelphia, Bucks County, the Main Line suburbs, and South Jersey. We'll explain the characteristics of incorporation, limited liability companies, partnerships, and subchapter S corporations in Pennsylvania or New Jersey. We also take care of drafting your articles of incorporation or organization, any shareholder or operating agreement you might need to define your capital and management structure, or a stock buy-back agreement to resolve questions of first refusal rights. You can also rely on us to see that the instruments documenting your new business will be properly filed in the correct state office.

While many entrepreneurs and family businesses will find that a simple subchapter S incorporation will meet all of their business formation and management needs, real estate investment and management companies will usually want to form a new LLC or limited partnership for each new property. The objective here is to limit your liability and tax exposure to the assets and performance of each project. In fact, a central purpose of any corporate structure is to define and separate the liability risk of the business from that of its owners, principals, or any other entity.

Aside from the basics of business formation, we also advise clients doing business in Philadelphia about that city's municipal taxes. The Philadelphia Business Privilege Tax and Net Profit Tax can create major problems for companies who are not aware of Philadelphia's business licensing and income reporting requirements.

For additional information about starting and operating a business in eastern Pennsylvania or South Jersey, contact corporate law attorney Joseph Gembala in Philadelphia.