Business Practices

Entity Formation and Governance

Entity Formation and Governance


From regulatory compliance to which type of entity to choose to ensuring corporate formalities are honored, the process that is starting a business can be an incredibly challenging endeavor. In order to ensure the foundation of the business is solid, entrepreneurs need to have experienced legal counsel guiding them through the formation process. 

Smith Haughey’s business attorneys have formed countless entities for numerous businesses and have the experience that is necessary to get any business started the right way. Whether a client is looking to establish a non-profit corporation to support a national cause or a limited liability company for a new venture, or a holding company to shield assets, the business attorneys at Smith Haughey can help.  Before starting the formation process, we first work with our clients to understand their business goals and needs. From there, we craft a formation plan that includes all the elements that are needed to ensure their business has a strong foundation of from which they can build their future.


We have assisted countless entrepreneurs, businesses, and non-profit organizations navigate the complex process that is forming a new entity. Our services in this area include:

    Counseling clients on best practices for maintaining corporate formalities
    Drafting bylaws, operating agreements, and shareholder buy-sell agreements
    Filing necessary forms with the IRS to receive tax-exempt status for non-profit organizations
    Identifying ideal corporate form based on the client’s long-term goals and plans
    Obtaining Employer Identification Number (EIN) from IRS
    Preparing and filing articles of formation with state of incorporation