McGlashan and Sarrail

Areas of Practice

Business Formations and Transactions

Business formations and transactions

Our business clients range from small closely-held corporations to LLCs formed to own real property, as well as larger enterprises requiring complex equity structures and financing. We counsel these clients in choosing the form of business entity most appropriate for their needs, using a team effort between the business client, the lawyer and the client's accountant. We routinely work closely with our clients' accountants to resolve a variety of issues in forming a new business entity, such as the valuation of intangibles contributed for stock and the tax consequences of making an "S" election or choosing another "flow-through" entity.

Ongoing Legal Support

We also provide businesses with ongoing legal support for their corporate governance, as well as their transactional needs on such issues as buy-sell agreements, leases, debt instruments and security agreements, protection of intellectual property assets, structuring equity investments and incentive plans, securities law compliance, employment and labor issues, sales of business assets, and mergers and acquisitions.

The following is a list of services we frequently provide:

  • Counsel on buying or starting a business
  • Forming corporations, partnerships, and limited liability companies
  • Preparing buy-out agreements
  • Dealing with financing issues, including reviewing loan documentation
  • Preparing contracts with customers, sales and distributorship agreements, and equipment leases
  • Preparing employee handbooks and employment contracts
  • Reviewing or drafting legal forms such as purchase orders, sales contracts, rental agreements, and invoices
  • Maintaining corporate records and minutes
  • Advising officers and directors on legal matters as they arise
  • Providing opinion letters for loans or for auditors
  • Documenting stock transfers to key employees and succession planning
  • Advising franchisors or franchisees
  • Advising on employment issues, insurance problems, retirement plan questions, and investments