Denver, Colorado Business Attorneys
Small Businesses and Nonprofits
The federal tax laws are complex, ever-changing, and often overlooked. Our attorneys help small businesses navigate the federal tax laws, giving them piece-of-mind, and allowing them to focus on what they do best. We also help nonprofit organizations apply for, and maintain, tax-exempt status. Additionally, we advise all types of entities on a variety of issues related to formation, operation, and succession or dissolution. In the unfortunate event of a business dispute, our attorneys are here to help.
Business Entity Formation – Many factors need to be considered when choosing the best entity in which to operate a business. For example, limited liability, tax characteristics, the purpose for forming the entity, and the goals of both the owners and the entity should all be considered. Choosing the best entity for your business is important, and your choice could have long-lasting consequences.
We can help you choose from one of the following types of entities:
- General Partnership
- Limited Liability Partnership (LLP)
- Limited Partnership (LP)
- Limited Liability Limited Partnership (LLLP)
- Limited Partnership Association (LPA)
- Limited Liability Company (LLC)
Our attorneys will guide you through every step of the entity formation process and take the time to answer all of your questions.
Operations and Contracts – Legal issues arise during the operation of every business. Businesses grow, hire employees, move locations, and engage in commerce with other businesses. At Dennis M. Lanphier, P.C., we provide small-business owners with affordable solutions to their legal issues so they can focus on what they do best—running and growing their business.
Dissolution and Wind Down Issues – Regardless of the reason, ending a business can be very stressful. Businesses have many items they need to address before they can shut their doors. Business owners that do not take the proper steps to end their business may subject themselves to personal liability for unpaid debts, or may become entangled in disputes with other owners. We can help guide you through the legal requirements for winding down a business so that you can walk away with confidence and peace of mind.
Business Litigation – Disputes are a common occurrence in the life of a business and can happen for a variety of reasons. Disputes with customers or other businesses can drain valuable resources and potentially hurt business. We can help you resolve your dispute before it escalates, or if necessary, pursue litigation.
Tax Exempt Organizations – Nonprofit organizations cannot just open their doors and start collecting donations. Nonprofit organizations must go through a formation process similar to that of a for-profit business. However, if a nonprofit organization also wishes to be exempt from taxation, it must complete additional steps.
In order to obtain tax exempt status, a nonprofit organization must complete Form 1023, Application for Recognition of Exemption Under Section 501(c)(3), and submit it to the IRS for approval. Completing Form 1023 can be a daunting task, and forms that are not substantially complete when submitted will be rejected by the IRS.
After the IRS approves your application, you must continue to operate as a tax exempt entity or your tax exempt status will be revoked. Unfortunately, the tax laws surrounding tax exempt organizations are complex, and can easily be misunderstood.
At Dennis M. Lanphier, P.C., we provide guidance to nonprofit organizations that wish to obtain tax exempt status, and provide them with ongoing advice to help them succeed in their charitable purposes.
Contact a Denver, Colorado Business Attorney
If you are seeking legal representation from a business attorney, please contact our office today for a free consultation. You can reach us by calling 720.306.8025.