Why Choose Us?
Majumdar Law provides a full spectrum of legal services to support entrepreneurs and small and medium businesses at every stage of their life cycle from entity formation to winding up. Our services include:
- Business entity selection and formation
- Contract drafting and review
- Commercial lease drafting and negotiation
- Business loan consultation
- Purchase and sale agreements
- Entity conversions
- Dissolutions and winding up of existing business
We also serve as general counsel to many small businesses and handle a variety of legal matters on their behalf. Contact us today to learn more.
FAQs
What type of business entity should I form in Pennsylvania — LLC, corporation, or something else?
The right entity depends on how you plan to raise money, who your owners are, and how you want to be taxed, not just liability protection (most entities give you that). An LLC is the most flexible option for many small and medium businesses — it shields personal assets, has fewer formalities than a corporation, and can be taxed as a sole proprietorship, partnership, S-corp, or C-corp depending on what you elect. A corporation makes more sense if you’re planning to bring in outside investors, issue different classes of stock, or eventually go public. We walk clients through the formation, tax, and governance tradeoffs before filing anything with the Pennsylvania Department of State, because the entity you choose at the outset affects everything from contracts to an eventual sale.
Once my business is formed, what do I need to do to stay in good standing?
Pennsylvania used to only require a report once every ten years, but that changed — LLCs, corporations, and other registered entities now have to file an annual report with the Department of State (the fee and exact deadline vary by entity type, and missing it can eventually lead to administrative dissolution). Beyond that filing, staying in good standing generally means keeping your registered office current, maintaining your internal governance documents (operating agreement, bylaws, meeting minutes), and keeping business and personal finances properly separated so your liability protection actually holds up if it’s ever challenged.
Can’t I just use an online template for my contracts and commercial lease?
You can, but templates are written to be generic, and the terms that matter most to your business are exactly the ones a generic form won’t address — indemnification, limitation of liability, what happens if a counterparty defaults, renewal and termination rights, and (for a commercial lease) issues like build-out responsibility, CAM charges, and assignment or subletting rights. A contract or lease only proves its worth when something goes wrong, and by then it’s too late to fix the gaps. Having us draft or review these documents upfront costs far less than litigating an ambiguous clause later.