In CNBC's 2023 survey, Virginia was ranked as the second-best state in which to do business based on a review of eight different factors. However, a new venture needs much more than a healthy business environment to succeed. A key step in a successful launch is to hire a knowledgeable lawyer who can guide you on the choice of a legal entity, register your business with the state, draft foundational documents and discuss tax status options.

Starting a business presents numerous challenges, but also numerous options. Though some of the decisions can seem overwhelming, an experienced lawyer will help you understand your options and make the choices that best suit your circumstances and goals. Specific legal issues our firm assists businesses with include:

• Choosing the right legal entity — You should review several different factors as you’re looking to find the business structure that meets your needs. Our attorneys advise on the benefits and potential drawbacks associated with partnerships, LLCs, corporations and other available options.
• Tax status — Before you start collecting revenue, you need a clear view on the tax treatment of income. Many startups choose a structure where business income is not taxed separately, but is reported on the owners’ personal returns. However, there are situations where a corporation must have C status, which means that business itself is subject to taxation.
• Regulatory requirements — Virginia companies with employees need to register with the state’s employment commission and abide by the federal and state rules that govern workplace issues. You might also need state, county or municipal permits to open depending on the nature and location of your business. We have the legal acumen and local know-how to help you obtain required authorizations.
• Drafting of foundation documents — Whether you need articles of incorporation, a partnership agreement or bylaws addressing the governance of your LLC, our firm creates sound foundation documents to put your company on the right path and help you avoid problems down the road.

At Pikrallidas & Probasco, we are seasoned attorneys who provide skillful counsel to businesses throughout Virginia and Washington, D.C. For an appointment to discuss your company’s particular legal challenges, please call 703-267-2600 or contact us online. Our main office is in Fairfax and we meet with clients in Manassas by appointment. Hablamos español.