BUSINESS BANKRUPTCY AND CREDITOR RIGHTS

PRACTICE AREA / UTAH BUSINESS BANKRUPTCY & CREDITOR RIGHTS

Businesses and corporations in Utah and throughout the Intermountain West look to attorneys at Richards Brandt for customized, reliable legal services related to business bankruptcy and creditor rights in Salt Lake City, Utah.

CORPORATE BANKRUPTCY ATTORNEYS IN UTAH

Every business has a life cycle. Some last longer and become stronger than others. But the general fundamentals of the formation, growth, and development cycles of a business are similar from one business to the next. Analysis of the unique challenges and opportunities of any particular business is not a simple matter, however.

The corporate bankruptcy attorneys of Richards Brandt understand the legal complexities and pitfalls of business operations, bankruptcy, and creditors’ rights—and they know how to assess your unique objectives and help you structure your enterprise to suit your needs. Our lawyers’ business litigation experience means they can advise new and growing businesses about strategies to prevent lawsuits down the road. Contact us to schedule a consultation.

OUR ATTORNEYS PROTECT YOUR BUSINESS INTERESTS

Every business is likely to experience legal challenges at one time or another, and trusted counsel is always a sound investment. The corporate lawyers at Richards Brandt are prepared to guide both small and large businesses and help them assess their options and protect their interests.

Examples of issues that should be taken into account from the very beginning and throughout the life of a business include:

  • Potential tax and other consequences of a particular business entity selection, such as a partnership, LLC, series limited liability company or C corporation
  • Capital acquisition and financing
  • Corporate governance
  • Business succession plans that consider the long-term goals of an entrepreneur
  • Shareholder agreements
  • Chapter 11 Bankruptcy
  • Chapter 13 Bankruptcy
  • Chapter 7 Bankruptcy

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BUSINESS BANKRUPTCY AND CREDITOR RIGHTS ATTORNEYS AT RICHARDS BRANDT IN SALT LAKE CITY, UTAH

FREQUENTLY ASKED QUESTIONS (FAQS)

BUSINESS TRANSACTIONS & CORPORATE GOVERNANCE / FEATURED FAQS

Answered by:

Barry G. Scholl

Barry Scholl

Shareholder, Cybersecurity Section Chair and Business Practice Chair

A: To decide which entity is right for you, we look at: liability, taxation, and maintenance. Both corporations and LLC’s have limited personal liability—this means that owners are usually not responsible for business debts. However, corporations and LLC’s are taxed very differently—corporations are classified as a separate taxable entity, whereas LLC’s are typically taxed as a pass-through entity (unless you choose otherwise). And corporations and LLC’s have different levels of maintenance—LLC’s have fewer reporting requirements and can operate solely with members acting as the managers. Conversely, corporations are required to hold certain annual meetings, keep certain records, and appoint boards and officers to manage the company for the stockholders. Every situation is unique so we recommend that you consult with an attorney in making your decision. Contact our firm, Richards Brandt, if we can help you decide which entity is right for you.

Answered by:

Barry G. Scholl

Barry Scholl

Shareholder, Cybersecurity Section Chair and Business Practice Chair

A: To decide which entity is right for you, we look at: liability, taxation, and maintenance. Both corporations and LLC’s have limited personal liability—this means that owners are usually not responsible for business debts. However, corporations and LLC’s are taxed very differently—corporations are classified as a separate taxable entity, whereas LLC’s are typically taxed as a pass-through entity (unless you choose otherwise). And corporations and LLC’s have different levels of maintenance—LLC’s have fewer reporting requirements and can operate solely with members acting as the managers. Conversely, corporations are required to hold certain annual meetings, keep certain records, and appoint boards and officers to manage the company for the stockholders. Every situation is unique so we recommend that you consult with an attorney in making your decision. Contact our firm, Richards Brandt, if we can help you decide which entity is right for you.

Answered by:

Barry G. Scholl

Barry Scholl

Shareholder, Cybersecurity Section Chair and Business Practice Chair

A: To decide which entity is right for you, we look at: liability, taxation, and maintenance. Both corporations and LLC’s have limited personal liability—this means that owners are usually not responsible for business debts. However, corporations and LLC’s are taxed very differently—corporations are classified as a separate taxable entity, whereas LLC’s are typically taxed as a pass-through entity (unless you choose otherwise). And corporations and LLC’s have different levels of maintenance—LLC’s have fewer reporting requirements and can operate solely with members acting as the managers. Conversely, corporations are required to hold certain annual meetings, keep certain records, and appoint boards and officers to manage the company for the stockholders. Every situation is unique so we recommend that you consult with an attorney in making your decision. Contact our firm, Richards Brandt, if we can help you decide which entity is right for you.

BUSINESS TRANSACTIONS & CORPORATE GOVERNANCE – CASE STUDIES

Utah Manufacturing Company Needed Employment Contracts For Key Staffers

Utah Construction Company Needed Planning For Business Growth & Protection

Utah Family Enterprise Needed Guidance and Representation to Sell Business

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