|
"Thank you so much, Megan, for your innovative spirit
and amazing ability to help me understand business laws that,
at times, seem overwhelming. Your help with a collaboration
agreement led to something meaningful and workable with limited
legalese. I trust you to get things done with clarity, timeliness
and with an eye toward simplicity."
- Roz Kay, Partner, Innovation Partners
International, Bethesda, MD 20816
"I recently purchased a small business in Falls Church,
VA and needed the help of a lawyer. I was lucky enough to find
Megan. She assisted me throughout the transition, working diligently
to ensure I understood each aspect of the sale. What I appreciated
most however, was her personal support and enthusiasm for my
career move. I felt she held a genuine interest in my business,
rather than being treated as just another legal transaction."
- A Virginia S-Corporation also qualified
in Washington, DC
"D&P Creative Strategies, LLC engaged Megan Wallace
two years ago for estate and business planning. She is a first-class
experienced professional and dedicated attorney who will bring
immense value to companies and individuals looking for strong
legal representation."
- A Virginia limited liability company, Falls
Church, VA
"Megan established our LLC walking us through the process,
explaining details and filing the required forms. She helped
us work through various states requirements as our property
was held out of state. Additionally, she has advised us regarding
delinquent renters and written related letters for us. We have
always been extremely satisfied with the quality of her services
and found her advice to be sound. We would not hesitate to use
her again."
- A Virginia limited liability company, Alexandria,
VA
"Megan is highly knowledgeable and personable ~ I have
thoroughly enjoyed getting to know her. She has assisted me
in establishing my company and guided me through the process
as well as other legal matters. I have complete trust and faith
in her abilities. She is never more than a phone call or email
away and is very responsive. I have recommended her to colleagues
and will continue to do so."
- A Virginia limited liability company, Alexandria,
VA |
|
Business Law
Wallace Law has extensive experience in assisting business clients.
The principal of Wallace Law, Megan Wallace, has an advanced tax
law degree, which makes her uniquely qualified to counsel clients
on matters related to business entity selection and formation, as
well as ongoing operational issues. Whether our clients are starting
a new venture, merging two business entities, acquiring a new business
or selling an existing business, Wallace Law is committed to building
partnerships with our clients that help them succeed.
The most important decision when starting a new business is deciding
the proper type of entity. The proper selection depends on, among
other things, the immediate and long-term goals of the business
owner or entrepreneur. We will work with you
to determine the type of business entity that meets your specific
needs and goals regarding tax planning, liability protection, asset
protection and daily operations. Additional aspects that
should be considered when choosing a business entity include ease
of management, ease of financing transactions, the cost of forming
the entity, and the cost of annual filings.
The most common business structures available are:
- Sole Proprietorships
- Limited Liability Companies (LLCs)
- Professional Limited Liability Companies (PLLCs)
- General Partnerships
- Limited Liability Partnerships (LLPs)
- Subchapter S-Corporations (S-Corps)
- Subchapter C-Corporations (C-Corps)
We will explain the various entities available to organize your
business and the risks and benefits of each. In our initial consultation
we typically discuss entity selection, financing strategies, capitalization
requirements, entity name selection, liability reduction strategies
and long-term business goals.
Wallace Law can also provide the following corporate
services to your business:
- Determining the proper jurisdiction for your business;
- Entity name selection counseling, including name availability
searches;
- Selecting a Resident Agent;
- Drafting and filing Articles of Organization, Articles of Incorporation,
a Certificate of Limited Liability Partnership, or other necessary
documents;
- Drafting Operating Agreements, Bylaws, or Partnership Agreements;
- Drafting organizational documents for the initial board of
directors for corporate entities;
- Preparing Form SS-4 and contacting the Internal Revenue Service
to obtain an employer identification number (EIN);
- Qualifying the newly-formed entity as a foreign entity in other
jurisdictions in which it does business;
- Working with your accountant to determine the necessary and
proper tax forms to be completed;
- Drafting contracts such as confidentiality agreements, consulting
service agreements, compensation agreements, and other necessary
contracts;
- Drafting and reviewing lease agreements, including personal
guaranties; and
- Business succession planning
In addition to counseling start up companies, Wallace
Law can provide invaluable guidance when buying or selling your
business. The valuation of a business can vary greatly. We
can work with you to analyze your existing business to determine
the proper asking price and the allocation of the proceeds. Conversely,
we can dissect the target business to make sure you understand what
you are buying.
Wallace Law provides comprehensive legal services for startup companies
and existing businesses. Please contact
us today to discuss how we can help your business succeed. |
|
