Welcome to the Fishers, Indiana business law office of Smith Rayl Law Office, LLC, where we provide personal service and practical advice to our clients not only in Indianapolis and the surrounding counties, but anywhere in Indiana. Our business law practice is led by attorney Michael Smith who opened the Fishers office in 2008 after a career with a major Indianapolis pharmaceutical and biotechnology company that spanned more than 28 years, including more than 13 years as a chemical engineer and almost 15 years as in-house counsel. Our clients include not only small businesses and their owners but also tax exempt or nonprofit organizations.
Our business lawyers practice in the following areas:
Corporate law. Many of our clients are startup businesses, and we are very familiar with the satisfaction that comes from being your own boss as well as the issues that confront small business owners. We help our clients decide whether a limited liability company, a corporation, or some other form of business is the optimum choice for them, and we help them decide whether it is best for them to be taxed as a C-corporation, S-corporation, partnership, or sole proprietorship. In most cases, we find that Indiana is the best place for our clients to organize their businesses, but we sometimes recommend that a client organize a new business under the statutes of another state, whether it’s under Delaware’s corporate law, Nevada’s limited liability company statute, or the relevant statute of another jurisdiction.
A big part of our corporate law practice deals with limited liability companies. Although the first LLC statutes in the United States date back to the late 1970’s their use was almost nonexistent before 1988 when the IRS decided that Wyoming LLCs could be taxed as partnerships. Their use really took off with the 1997 “check the box” regulation that allows owners of LLCs to simple choose how the LLC will be taxed. While most LLCs are formed for business purposes, they are also useful for estate planning and other personal purposes. In some limited circumstances, they can also be used as tax exempt organizations.
Business law and commercial transactions. Our business law office advises and represents clients in business transactions including buying or selling a business, buying a franchise, leasing a single office or an entire office building, borrowing money, or leasing equipment. We have experience in drafting contracts for a myriad of purposes, including construction contracts, employment contracts, confidentiality agreements, publishing contracts, software licenses, and outsourcing arrangements. We help our clients protect their interest through the use of security agreements and personal guaranties. And we represent clients resolve disputes, whether it is through litigation, mediation, or informal settlement negotiations.
Business Succession and Estate Planning. We advise and assist our clients with arrangements to provide for the transfer of their businesses and other assets, and to help take care of their families, after they die. Sometimes a simple will is appropriate, but more and more frequently we find that a living trust is a better way to reduce the burdens on our clients’ survivors. We also help prepare our clients for the possibility that, at some point in their lives, they may not be able to make decisions for themselves by providing general powers of attorney, health care powers of attorney and appointments of health care representatives, and living wills or life-prolonging procedures declarations.
Tax exempt organizations. We advise and represent tax exempt, nonprofit organizations at any stage of their development. We help new organizations incorporate and qualify for tax exempt status, including the preparation and filing of Form 1023 for charitable organizations that qualify for exemption under Section 501(c)(3). We also help nonprofit organizations protect their tax exempt status by remaining in compliance with complicated IRS regulations. In addition to public charities and private foundations, we can also help business leagues, civic leagues, social welfare organizations, social clubs, and other types of tax exempt organizations.
If you want like to speak with someone about corporate or business law, business succession and estate planning, or nonprofit organization, please feel free to contact us using the form on this page to schedule an initial consultation. If you would like to speak with a criminal defense attorney in our Indianapolis office, please visit www.susanrayllaw.com.
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