So, you are ready to be your own boss! Live life on your own terms. Reap the rewards from your own hard work, initiative, and creativity.
Many business founders find some aspects of running a business less exciting than others--such as all the legal work. Many smart business owners delegate such tasks to professionals.
Let Summit Legal Solutions, LLC help with your business structure and business formation so you can focus on doing what you love--creating and running your business.
Hiring Summit Legal Solutions, LLC to form your business may provide several benefits, including:
Legal expertise: Based on experience in business operations and business law you get valuable legal and practical insights to help you choose the right legal structure for your business, prepare and file the necessary formation documents, and help ensure that your business complies with applicable laws and regulations.
Personalized advice: Get advice tailored to your specific needs and goals, taking into account your business's unique circumstances, industry, and future plans. Get help navigating complex legal issues that may arise during the formation process.
Risk management: Get help identifying and mitigating potential legal risks and liabilities associated with starting and running a business. Get help drafting contracts, agreements, and policies that help protect your interests and help minimize your exposure to legal disputes and lawsuits.
Better chances of success: Starting a business can be a complex and challenging process, with many legal and administrative requirements that must be met. Get help ensuring that all necessary steps are taken to establish your business correctly and legally. This gives you a better chance of success in the long run.
Cost savings: While hiring an attorney may seem like an added expense, it can actually save you money in the long run by helping you avoid costly legal disputes and penalties.
Business Formation Pricing NOTE: Prices do not include filing fees.
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The best way to reach me is by email at scott.herron@summitlegalsolutions.com
Business Structure Consultation. One-hour consultation to help you make a smart and informed decision on your business type. What works best for you and the products or services you offer? Sole proprietorship, partnership, Limited Liability Company, Corporation, Non-Profit, or other?
From $99 (Apply toward formation fees)
Partnership. Helping you set up as a General Partnership, Limited Partnership, or Limited Liability Partnership. Taking the time to thoughtfully craft a partnership agreement will help you avoid misunderstandings, reduce potential conflicts, and plan well for the future of your business.
From $499
Limited Liability Company (LLC). A Limited Liability Company gives you flexibility, some protection from liability, and pass-through taxation.
Single Member LLC From $499. (Includes basic operating agreement).
Multi-Member LLC From $899. (Includes operating agreement).
Closing Your Limited Liability Company (LLC). Members of an LLC may choose to shut down their business for a variety of reasons. These include, completion of purpose, change in business plans or environment, lack of profit, and a variety of personal reasons.
Shutting down an LLC involves a number of steps. These generally include: (1) A Resolution to Dissolve; (2) Filing a Notice of Dissolution with the Tennessee Secretary of State; (3) Filing a final tax return and obtaining a Certificate of Clearance from the Tennessee Department of Revenue; (4) Winding down including notifying creditors or potential claimants of the LLC dissolution; and (5) Filing Articles of Termination with the Tennessee Secretary of State.
From $350.
LLC Operating Agreement. An LLC operating agreement acts as a contract among members and specifies how the LLC will operate functionally and financially An operating agreement typically includes information about: (1) the organization of the LLC; (2) Management and Voting; (3) Capital Contributions; (4) Distributions; (5) Membership; and, (6) Dissolution.
From $399.
LLC Operating Agreement Changes. An LLC may need to change its operating agreement because of change in member participation, change in contribution, new members, and a wide variety of other reasons.
From $499.
Corporation. A corporation gives you protection from liability, credibility, more options for raising capital, and duration. Those benefits come with extra administrative overhead such as separate tax returns, annual report, and shareholder and director meetings.
Incorporate From $649 || Shareholder Agreement From $499
Foreign Business Entity. A foreign business entity wishing to do business in Tennessee must register with the Tennessee Secretary of State and obtain a Certificate of Authority.
From $499.
Non-Profit Corporation. A non-profit corporation with 501(c)(3) status is more of an IRS designation than a particular business structure. So, at a high-level, you must first form a Corporation, develop compliant by-laws, apply for the 501(c)(3) status with the IRS, and then take a number of final steps. This service will help you form your corporation, write compliant by-laws, and assist you in filing IRS form 1023-EZ for 501(c)(3) recognition.
From $1499
Corporate Transparency Act Reporting Review. Beginning January 2024, the Corporate Transparency Act requires many small businesses to report beneficial ownership information to the federal government. Not reporting this information may subject business owners to serious civil or criminal penalties.
Service does not include filing the report with FinCen.
Single Member LLC: From $799 Multi Member LLC: From $2500
Don "Scott" Herron, Esq., JD, MBA Attorney & Counselor at Law
This website is informational and does not provide legal advice. Scott Herron licensed to practice in Tennessee. By using this website you acknowledge and agree to this full Disclaimer and this Privacy Policy.
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