Running your own business in Kansas will require you to navigate state and federal taxes, employment and labor laws, copyrights, acquisitions, contract negotiations, and litigation. Our Wichita based lawyers can help you establish a company, and deal with ongoing legal matters as you grow.
Corporate and Business Attorneys
We provide legal counsel and representation for companies of all size. Whether you have an established company, or you are creating a new business for the ground-up, our Wichita business laywers can help with a wide range of issues. We specialize in:
- General Counsel
- Business Formation
- Business Acquisitions
- Contracts and Agreements
- Property Law
- Corporate Governance
Business Law and Litigation
Operating a business requires more than an attorney. You need a trustworthy advisor with a history of helping businesses thrive. We’ve worked with entrepreneurs and corporations all over Kansas. We have extensive experience forming new businesses, crafting documents and contracts, litigating issues, managing acquisitions, settling employment issues, negotiating acquisitions, and providing legal representation to businesses of all size.
Our goal is to help companies and entrepreneurs achieve their business objectives through sound and insightful legal advice. Our lawyers have represented dozens of industries on an array of issues and day-to-day legal matters. If you’d like to learn more about our service, please reach out for a consultation.
Starting a New Business in Kansas
If you’re starting a new business in Wichita or the state of Kansas, there are a number of different structures. Each entity has specific benefits, and the selection of this structure is an important first step in establishing a new business. Our attorneys will help determine which structure will be most suitable.
Perhaps the most simple business structure, a sole proprietorship is a one-person business. This type of business does not have to be formally registered with the state of Kansas. Although this may be an easy structure, it does not protect the owner from any liabilities.
As a sole proprietor, the individual may be liable for any debts or judgments against the business.
There are two types of partnership structures, which are owned by more than one owner. There are general partnerships and limited partnerships. General owners maintain liability for the business equally, whereas, a limited partner’s liability cannot exceed their financial contribution to the partnership.
Partnership are a common way for family members and acquaintances to start a business together. Partners share profits and accept responsibility for liabilities in accordance with the business structure.
Limited Liability Companies provide the limited liability features of a corporation. However, LLC members are not taxed and are allowed to report their business gains and losses on their personal tax returns. This hybrid structure allows owners to benefit from similar tax rules as a partnerships while limiting personal liability for debts. While this structure is common for small businesses, it is also used by many large organizations.
Unlike the other structures, corporation business structures are more complex. A corporate business structure establishes a business as a separate legal entity owned by shareholders. Therefore, the corporation itself, is held liable for the actions and debts the business incurs, not the shareholders.
There are several types of corporations, including C corp, S corp, B corp, closed corp, and nonprofit. This structure is typically used by larger, established businesses.