Creating a business entity
The first step in creating a successful company in any industry is choosing the correct corporate entity. There are many considerations in choosing the best entity for your business. Many believe that an LLC is the best choice for any small business, which is often not the case. For example, creating an S-Corporation, with proper guidance and planning, can often save the owners significant amounts in payroll taxes over an LLC. The lawyers at Green Light Law Group can assist you in making these critical early decisions and help create a game plan to set your business up for success.
Finding a location for your business and compliance.
With the business created, often the next step is to find a location for your business. Depending on which area of the marijuana business you are in, this can be very challenging. Green Light Law Group has a large network of contacts in the real estate industry who can assist in finding that perfect location. Our lawyers will make sure that the location complies with state law and can assist you in complying with all other state laws that may be applicable. Having a firm with significant real estate experience and marijuana-compliance expertise can ease some concerns during this difficult phase of your new business.
Once your business is up and running, Green Light Law Group will there for your business as it grows. Having solid, well thought out contracts with vendors and other business partners can make your business more successful and avoid costly litigation in the future. Having the comfort that your business transactions are legally enforceable allows you to focus most on what you do best, running and growing your business.
When your business grows and becomes successful and the time comes to expand, taking on debt financing or outside investors can be a terrifying and stressful experience. Green Light Law Group has significant experience which can assist you in making the best decision for your business. With a thorough understanding of all of your options, you will be in the best position to make a thoughtful choice. Our attorneys will then assist you in executing your plan and making sure your business is protected.
Business disputes are an unfortunate realty with any successful business. While having written contracts can often avoid costly litigation, disputes may still arise. Our attorney have significant experience in all phases of the litigation process and always attempt to resolve disputes in a quick and efficient manner. However, certain disputes cannot be resolved through negotiation and going to court becomes necessary. Having an attorney who has successfully tried numerous cases both in front of a judge and jury, will give you the confidence that your business’s interest will be aggressively protected through a jury trial if necessary.
The steps above are just a few examples of the services that Green Light Law Group can provide to your business. Give us a call to discuss any other questions you may have about getting your business up and running and prepared for success!