For entrepreneurs, starting a new business is one of the most exciting things you can do. Before you get too carried away with logos and material pricing, you must set a solid foundation for your brand to stand on. Setting up your business properly can ensure you receive the most favorable conditions for taxes and protect your personal assets should anything happen. Crow Estate Planning & Probate’s business planning attorneys know exactly how to help.
Business planning and company formation can open up a world of new information for first-time business owners. At Crow Estate Planning & Probate, we’re prepared to establish your business and stand by your side from formation to dissolution.
A sole proprietorship is considered the simplest way to establish a business in the United States. It identifies you as the exclusive owner of your company, merging your personal identity and business. You’ll file taxes once, representing yourself and your business interests simultaneously.
With a sole proprietorship, your name is also your business’s name. You can use a company name or a different name from your own to establish your brand, but you may need additional local permits to do so.
If you plan to start your business with someone else or multiple people, you may consider opening it under a partnership. The process of establishing a partnership is similar to that of a sole proprietorship, but all parties will be held equally liable for debts and taxes.
For entrepreneurs and shareholders concerned about facing personal liability for their business actions, a corporation may be the best way to go. Establishing a corporation is the most complex process of all, but in return, your business will become an entity entirely separate from yourself with the ability to:
When you establish a corporation, you’ll need to decide whether you want it to be a:
Limited liability companies, commonly known as LLCs, represent a middle ground between proprietorships and corporations. The establishment is similar to a proprietorship or partnership, but with a little more preparation, its owner and shareholders can enjoy similar liability protections as corporations. An LLC must be registered in its state of origin and often comes with some of the best tax benefits.
Some of the less common business types are limited partnerships and limited liability partnerships (LLPs). LLPs ensure that each partner’s liability is limited to themselves. Limited partnerships are a type of LLP that must have one general partner overseeing everything.
Any business you form requires extensive legal paperwork and a comprehensive knowledge of local business laws. If you’re establishing your brand in Tennessee or Kentucky, Crow Estate Planning & Probate can help you from start to finish. Our business startup attorneys have years of experience navigating state guidelines and ensuring your company adheres to all regulations.
Start your legacy today, and let Crow Estate Planning & Probate make sure everything goes according to plan. Schedule a free consultation with our business planning attorneys and see what we can do for you.
Mr Crow and his staff are amazing! Especially the person assigned to my account, so a special thank you to Callie! Callie answered all of my questions and set expectations during a very confusing time in my life. Mr Crow and his team worked diligently with my specific situation and were very results driven. I would recommend Crow Estate Planning and Probate to anyone looking for an estate or probate attorney.
Today my wife and I completed (at Crow Estate Planning and Probate) our Will, Living Will, Power of Attorney for Finance and Medical. As a Tennessee CPA for over 20 years (now retired), I’d like to leave this review so that others may benefit. Our experience rating with with Crow Estate Planning and Probate is EXCELLENT. Our legal team was Kyle Shannon, Callie and Julia. This team was competent, courteous, and professional. They made a potentially complex experience “easy” despite multiple minor trusts involved. The charge for professional services rendered was very reasonable. My wife (Denise) and I would like to thank Kyle and his team (Callie and Julia) for a great experience that exceeded our expectations. I will return for legal needs and I will refer family and others to Kyle, Callie and Julia.
I’m very grateful to Mr. Shannon and Callie for the great job they did taking care of my muniment of title. Everyone in Mr. Shannon’s office was exceedingly kind and helpful.
They are caring, very helpful and not too expensive. I would recommend them to anyone that wants to plan for their future death and their children.
Crow Estate Planning was caring, professional and took great care of our family. John personally prepared my mother’s estate and completed her final wishes. Their staff was always friendly and eager to assist. Our family strongly recommends John and Crow Estate Planning
Mr. Crow and his staff were very knowledgeable, prompt and pleasant to work with in the estate planning process. Very satisfied clients and highly recommend!
Working with Kyle Shannon and Brittney Stewart to setup our Living Trust was nothing short than amazing! Very informative, very responsive, and made the whole process easy to complete.
It was an absolute pleasure to work with Kyle establishing my Estate planning needs. Kyle was very thorough and knowledgeable. Kyle’s understanding and professionalism made for a simple and smooth process. Highly recommended!
Be far the best estate planning firm in Clarksville.
Warmly greeted. Attorney was very attentive to our needs. Reasonable fees.
Julia Mynhier 
Crow Estate Planning 
Kyle Shannon 
John Crow 
