Forming an Entity
Most business founders do not understand the many factors that need to be considered in choosing the legal entity that is best suited for their business. It is essential for companies to obtain qualified advice to make an informed decision when deciding between a corporation, limited liability company, partnership, limited partnership, etc. Merritt & Merritt & Moulton assists clients in evaluating the current status of their businesses and future goals to determine the most advantageous legal structure for each organization.
Once the entity is formed, we work with clients to maintain corporate records, comply with statutory requirements and manage all other needs of the business.
In addition to Vermont, we have significant experience forming entities in a variety of jurisdictions including Delaware, Massachusetts, New York and Connecticut among others. Because our practice focuses on corporate legal matters, we are able to offer business formation services at a competitive flat fee rate.
In 2008 Vermont enacted the first “L3C” (low profit, limited liability company) statute in the country. An L3C is a special type of limited liability company and is designed to facilitate the flow of program related investments by private foundations into L3Cs which may be organized for any purpose, including investment funds, for-profit businesses, affordable housing, etc. We have extensive experience in organizing, structuring and advising traditional limited liability companies (LLCs) and have formed several L3Cs since the statute was enacted. In addition to our LLC (including L3C) expertise, we advise L3Cs on debt and equity financing alternatives.