STARTING A
BUSINESS
BUSINESS FORMATION
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Choosing the proper business structure is imperative to smooth operations and a thriving enterprise. Whether you have already formed your business entity or whether you are just getting started, our attorneys are here to help with any business needs you or your company may be facing.
PARTNERSHIPS
Virginia partnerships, limited partnerships ("LPs"), and registered limited liability partnerships ("RLLPs") are unincorporated business entities that may be formed for any lawful purpose
CORPORATIONS
Corporate existence commences upon the State Corporation Commission's acceptance of articles of incorporation required information.
LLC's
A limited liability company ("LLC") is an unincorporated entity that combines characteristics of both corporations and partnerships. Compared to the corporation, it is a relatively new development, but it has become an increasingly popular entity of choice.
SOLE
PROPRIETORSHIP
A business in which one person owns all the assets, owes all the liabilities, and operates in his or her personal capacity
The business lawyers at Cervantes & Cervantes, PLC have assisted both Fredericksburg, Virginia businesses and non-local DC, Maryland, and Virginia businesses with a broad range of transactional matters.
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CORPORATE AGREEMENTS
Once we have decided on your optimal business structure, we can begin drafting your corporate documents.
Bylaws
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Independent Contractor Agreements
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Purchase Sale Agreement
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Operating Agreements
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Articles of Incorporation
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Articles of Organization
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SOLE
PROPRIETORSHIP
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Employment Agreements
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SOLE
PROPRIETORSHIP
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Nonprofit organizations can be a great business structure for furthering a special cause, but the state and federal formation and compliance requirements often seem daunting.
501(c)(3) refers to a section of the IRS code that describes the requirements needed for organizations to qualify as tax-exempt.
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Organizations that qualify for 501(c)(3) status are required to operate exclusively for the purpose they state to the IRS.
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Donors that make contributions to corporations that fall under the 501(c)(3) code may deduct their contributions at the annual tax filing date.
The state and federal rules governing nonprofits are complicated. Not only do the attorneys at Cervantes & Cervantes, PLC represent and form nonprofit companies in their legal capacity, they also each personally sit on nonprofit boards.
Unlike other attorneys who may only understand the legal requirements of a nonprofit organization, the attorneys at Cervantes & Cervantes also understand the importance of remaining compliant with laws and the challenges that nonprofits can face from a personal standpoint as well.
Our attorneys can walk you through each stage and will make remaining compliant with state and federal laws simple and easy for you.
501(c)(3) NONPROFIT
TYPES
When starting a 501(c)(3) organization, there are generally two choices of how the organization will be classified. It can be a public charity or a private foundation.
PUBLIC CHARITIES
Public charities make up the majority of 501(c)(3) organizations and most people forming a new organization usually asume all 501(c)(3) organizations have public charity status. However, public charities enjoy advantages over private foundations. Some of these advantages include higher donor tax-deductible giving limits and the ability to attract support from other public charities or private foundations.
PRIVATE FOUNDATIONS
A private foundation is a charitable organization that fails to qualify as a public charity. While still a nonprofit organization, a private foundation is usually created by a single primary donation from an individual or a business and whose funds and programs are managed by a small group.
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Fredericksburg, Virginia 22407
CONTACT US
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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt of viewing does not constitute, an attorney-client relationship.