Business Law

Sullivan & Sullivan, P.C. offers sophisticated legal counsel to all types of businesses. Whether you are starting a business, need assistance with corporate governance or drafting and reviewing contracts, or are seeking advice on a commercial real estate matter, our attorneys have you covered. We regularly counsel business owners, represent businesses during negotiations, and review and draft documents to successfully complete business transactions. We also assist with business succession planning, and offer guidance if you decide to wind down your business.

Business Formation

If you are starting a business, our business attorneys can help you choose the most appropriate business entity. The right entity will protect you from personal liability and maximize tax benefits. Our attorneys will also consider evolving issues of ownership, including the death or retirement of a business partner, and business succession planning. A properly thought-out business formation can help address many of these issues and more before problems arise.

As you start your new business, our attorneys are ready to assist you by preparing and filing the appropriate documents, drafting the organizing and operating documents, registering your entity with the Secretary of State, and issuing share certificates.

Once your business is up and running, we can provide on-going corporate counsel as your business grows, helping guide you through unforeseen challenges.

Corporate Counsel

The attorneys at Sullivan & Sullivan offer a wide range of legal services to assist you in successfully running your business. Whether it’s day-to-day business decisions, or a watershed moment where you decide to buy, sell, or merge with another company, our attorneys are there for you, helping you navigate these sometimes-murky waters.

Our attorneys will help you anticipate and minimize risk while remaining focused on your business objectives and your bottom line. We frequently work with small businesses and Limited Liability Companies (LLCs), and understand the unique dynamics of personal and business needs and how they relate to estate planning and business succession planning.

Business Succession Planning

As a successful business owner, you invested time and energy building your business. Now it’s time to invest in planning and implementing a business succession strategy that will keep the business running and allow you to step aside so the next generation can lead.

Many business owners are so focused on day-to-day operations that they don’t spend time developing a personal exit strategy. When the time comes for you to begin to step aside, having a business succession plan in place will ensure a smooth transition. We help you understand the implications your decisions will have for your employees and the company’s bottom line, as well as your family, your personal assets, and personal and business tax obligations.

But business succession planning is not always about retirement. A successful business succession plan also safeguards the stability and viability of your business if a key employee unexpectedly passes away or becomes disabled and is no longer able to work.

Business succession planning often involves:

  • Valuing the business
  • Identifying future owners and managers
  • Creating incentives to retain key employees
  • Ensure fair treatment of all active business members, regardless of whether they are family

We routinely work with business owners to prepare for a smooth transition. Our attorneys focus on maintaining relationships with successor owners and key employees while minimizing tax obligations.

We help business owners anticipate the unexpected by walking through various scenarios to identify opportunities, mitigate risk, and explain your options. Once you decide on a given option, we can prepare the necessary paperwork to guide your business through the transition and into the future.

Sullivan & Sullivan: Sophisticated Business Counsel, Practical Solutions

The attorneys at Sullivan & Sullivan have been proudly serving businesses in and around North Kingstown, Rhode Island since 1955. We are devoted to meeting our clients’ needs with competence and integrity, and to providing legal advice in a clear and understandable way so that your business can move forward and thrive.

Meet our attorneys, learn what to expect when you work with us, and get answers to Frequently Asked Questions. Then contact Sullivan & Sullivan today to schedule a confidential consultation to discuss how we can help, today and in the future.

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