Attorney at Law, Certified Public Accountant

Bruce B. Phillips

Business Law

Many companies chose to create a corporation to shield the owners personal assets from the liability of the corporation.  These companies often elect for an IRS “subchapter S” status.

Corporate documents can include:

 

Articles of Incorporation.
Bylaws of the Corporation.
Action in Writing by the Incorporators.
Minutes of the First Meetings – Shareholders, Directors. Waivers of Notices of First Meetings – Shareholders, Directors.
Corporate Action by Consent

 

A Limited Liability Company (LLC) offers many of the protections of the corporation with fewer formalities of the corporation.   For example, stock certificates are not issued, and board meetings need not be held.  Owners of an LLC are called “members.”

 

 

LLC documents can include:

Articles of Organization
Member Control Agreement
Operating Agreement

 

Other business entities are also available as appropriate:

 

 Assumed Names/Sole Proprietorships

 Minnesota Business Corporations

 Minnesota Nonprofit Corporations

 Foreign Corporations

 Limited Liability Companies

 Limited Liability Partnership

 Limited Partnerships

Bruce B. Phillips

Thomas Lake Executive Center

1590 Thomas Center Drive

Suite 106

Eagan, MN 55122

Contact Information:

Phone: 651-208-2420

Fax: 651-207-4520

E-mail: bruce@bphillipslawoffice.com

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