At The Abernethy Law Firm, P.C., we strive to be your trusted and valued small business adviser--covering your needs from A to Z. Small business owners face many legal challenges that the rest of the population do not. For one, small business owners would be wise to formally organize or incorporate their business. Small business owners also face unique tax treatment, such as the self-employment tax, the financial impact of which can be minimized by sound, targeted tax planning. Furthermore, small business owners face heightened financial reporting standards when applying for commercial loans, oftentimes requiring professional assistance to ensure compliance. Unique asset protection, property settlement, and child support issues often arise when spousal business partners end up divorcing, too. Small business owners may even be able to more effectively manage their risks and cash flow by providing their own insurance through a wholly-owned Captive Insurance Company ("CIC"). Small business owners whose retirement accounts took a hit in the "Great Recession" also may be able to "fast-fund" a defined benefit plan to help restore their dreams of retirement in a tax-advantaged manner. Lastly, small business owners who wish to pass their business on to their children must coordinate their business succession planning with their individual estate plan. At The Abernethy Law Firm, P.C., we can provide assistance in all of these areas. We aim to provide client-centered services that are creatively and innovatively tailored to fit your specific needs. We will work with you to develop a reasonable and cost-effective plan to reach your goals. We can even arrange flexible fee arrangements, in many cases, to meet your budget needs. It would be our honor to serve you, so contact us today!