Here at Timothy Mahi‘ai White Attorney at Law, L.L.L.C. we help entrepreneurs with starting or reorganizing their businesses. This means that we plan to prevent future conflict, save on taxes, and protect assets.
Starting a new business can be daunting. Many entrepreneurs setup shop and start conducting business without thinking about liability. The type of legal structure that best fits your business depends an a variety of factors such as the types of products you sell or the services you provide, whether will you have employees, or how risk averse you are. We help you navigate the pros and cons of each legal structure to guide you to the entity structure that best suits your business whether it be a sole proprietorship, partnership, limited liability company, or a corporation.
Many entrepreneurs do not adequately assess the tax implications of their business. It is important to have a professional help you to determine whether to elect certain tax statuses under the Internal Revenue Code. We help you to reduce your taxes in certain situations and assist with getting you in touch with the right accountants for a more intricate approach to tax planning.
Contracts are used in our everyday lives and should be used in your business if you are selling a product or providing a service. Contracts spell out what exactly is being exchanged and what happens if the transaction goes bad. We help small businesses by reviewing their current contracts to ensure they are adequately protecting their rights and complying with the law. We also help small businesses with drafting of new contracts where they currently are not using any type of written agreement.