Business Formation & Succession

Helping You With Your Business From Start to Finish

Are you an entrepreneur or business owner navigating the complexities of the legal landscape? With the combined knowledge and experience of a Tennessee business law attorney and CPA, Frazier Law provides expert guidance tailored specifically to your business needs. Our goal is to support your ventures with sound legal advice and ensure you are well-prepared to face any legal challenges that may arise.

At Frazier Law, we understand that each business has unique legal requirements. We offer a wide range of services designed to address the diverse needs of entrepreneurs and business owners.

Business Formation and Legal Structures

Choosing the appropriate legal entity is one of the most critical decisions when starting a business. It affects personal liability, taxation, and many other elements of your business operation. Our team will guide you through these options, including:

• Partnerships: We explain the various types such as general, limited, and limited liability partnerships, helping you choose the best fit for your business collaboration.
• Corporations: Whether a C corporation or an S corporation suits your needs, we’ll help you understand ownership structures and tax implications.
• Nonprofit Organizations: Specializing in nonprofit setup, we assist in establishing entities like 501(c)(3) organizations focused on charitable, educational, or scientific purposes.
• Franchises: If you’re considering a franchise, we can facilitate the process of acquiring rights and help streamline your operations according to franchise specifications.

Contact us today to make sure that your business complies with Tennessee, or your state’s law, as advised by a reputable attorney and CPA.

Business Succession Planning

Effective leadership transitions are vital for business continuity. Many small and medium-sized businesses overlook the importance of succession planning, but our firm provides strategic solutions to ensure your business thrives beyond your tenure.

Why Succession Planning Matters

Succession planning protects your business as an asset and prepares it for unforeseen changes in leadership. It involves identifying key personnel and creating contingency plans to maintain operations seamlessly.

Prioritizing Succession Planning

Ensure your company’s legacy and minimize tax implications by designing a succession plan that addresses both personal and business goals. We’ll help you balance ongoing business contributions while preparing for future transitions. It aims to create a plan for the business to survive the owner’s death and provides a plan for the owner’s family to continue growing the enterprise or harvesting its value.

Make the best decisions for you and your family with the help of a CPA, a Tennessee business law attorney, and a team of dedicated professionals.

Business owners use key employee insurance to facilitate succession planning. Key employee disability and life policies pay the business when the owner (key man/employee) is disabled or has died. The insurance funds are used to fill the gap created by the owner’s absence, whether to hire a capable business manager to run the business or to buy out a deceased owner’s interest in the business.

The point of it is to protect the business as an asset. Unfortunately, too many overlook the vital role a business owner plays in ensuring that a business survives. Typically, the owner is to the business like our hearts are to our bodies. Generally speaking, those that protect their hearts live longer than those that don’t.

The Frazier Law Difference

Your goals are our top priority. At Frazier Law, our approach is centered around understanding the unique challenges faced by businesses today. With a commitment to professionalism and empathy, we work closely with our clients to provide customized solutions.

Our expert attorney and CPA, as well as law and tax personnel, bring years of experience and a thorough understanding of business law in Tennessee and throughout the U.S. to each case. We pride ourselves on being more than just legal advisors—we are your partners in business success.

Contact Us

Ready to secure your business’s legal foundation? Contact us today to schedule a consultation.