Washington DC Special Purpose Entity Lawyers
A Washington DC special purpose entity lawyer you can trust is an invaluable resource for your business. At Antonoplos & Associates, we have provided legal services to small and large businesses for over twenty years. As such, our group of skilled attorneys have the knowledge and experience required to guide your business through legal issues associated with special purpose entity agreements.
Why You Need A Special Purpose Entity Lawyer
Most business owners face business-related legal decisions on a daily basis. As the owner of a business, this should be no surprise and for many business-related legal issues, an attorney is not necessary. However, when polled, most business owners don’t have a trusted business attorney to represent their business when legal issues occur. The reason many business owners stated that they didn’t already have a relationship with a business attorney was that they thought that a skilled business attorney would be too expensive for the needs of a small business. As such, most business owners only hire a business lawyer when serious legal issues come up.
At Antonoplos & Associates, we don’t think you need a business lawyer for every decision you make. However, consulting an experienced business attorney is an invaluable resource for your company for two reasons. First, a good business attorney will be able to offer guidance on many issues such as reviewing the terms of an office space or storefront lease, drafting contracts that will establish business partnerships, or review special purpose entity agreements. Overall, incorporating a business attorney in general decision making ensures that your business will not enter into any potential disastrous agreements. Secondly, by discussing important parts of your business with a business attorney, this attorney will be better equipped to represent you in the event that litigation occurs. For these reasons, consulting and incorporating a business attorney into your business’s general decision making can even save your business money.
Below, you will find more information on how Antonoplos & Associate’s business law practice can help your business with special purpose entity agreements.
What is a Special Purpose Entity
A special purpose entity is a legal entity created to fulfill narrow, specific, or temporary objectives. These entities can be formed through limited partnerships, trusts, corporations, limited liability corporations, or other entities. A special purpose entity can also be used in the form of a subsidiary company with an asset or liability structure and legal status that makes its obligations secure even if the parent company is affected or goes bankrupt. Generally, these types of special purpose entities are used by companies seeking to obtain financing for a single large project or asset. They enhance the ability of the project to get financed by giving the lender or investor greater comfort that the primary asset or project will be shielded from events that may affect the parent company. This type of business entity is extremely beneficial and protects your original business entity. Additionally, the tax benefits associated with this type of entity make it a must for many businesses.
Contract our DC Law Office for More Information
For more information on special purpose entity agreements, please contact Antonoplos & Associates at 202-803-5676 or directly schedule a consultation with one of our attorneys. For general information regarding business law, check out our blog.
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