Business Planning

Helping Business Owners Build & Protect Their Future

Starting and growing a business is exciting, but it comes with important legal and financial decisions. Proper planning from the start can protect your personal assets, reduce liability, and set up a strong foundation for long-term success.

Whether you are launching a startup, expanding an existing business, or planning for succession, The Walls Law Group provides legal guidance to keep your business compliant and secure.

Key Considerations When Starting a Business

Choosing the right structure for your business can affect your taxes, liability, and operations. Some common questions business owners ask include:

  • What type of business entity should I establish?

  • What is required to start a business under North Carolina law?

  • What are my rights and liabilities as a business owner or manager?

  • What reporting and compliance obligations does my business have?

We provide legal counsel on:

Entity formation (LLCs, corporations, partnerships)

  • Contracts and agreements to protect business interests

  • Compliance with state and federal regulations

  • Risk management strategies to limit exposure to liability

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Compliance & The Corporate Transparency Act

The Corporate Transparency Act (CTA) is a new federal mandate that requires most businesses in the U.S. to file a Business Ownership Interest (BOI) report. Many business owners are unaware of this requirement, and failure to file on time can result in severe penalties, including fines and possible legal consequences.

We help businesses:

  • Determine if they must file under the Corporate Transparency Act

  • Meet all filing deadlines to avoid fines or penalties

  • Maintain compliance with evolving business regulations

Is your business prepared?

Learn More About the Corporate Transparency Act

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Succession Planning: Protecting Your Business & Legacy

Business succession planning ensures that ownership transitions smoothly when the time comes for retirement, illness, or unforeseen circumstances. Without a plan, a business could face:

  • Legal disputes over ownership transfer

  • A forced sale of assets at reduced value

  • Tax burdens that impact profitability and future operations

Planning ahead allows business owners to:

  • Pass the business to family members while minimizing tax liabilities

  • Sell the business to employees or outside buyers at a fair value

  • Establish financial security for retirement

  • Support a charitable cause through strategic planning

A well-structured succession plan ensures that your business continues to thrive while protecting your hard-earned legacy.

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Take the Next Step in Business Planning

Whether you are launching a new business, dealing with legal compliance, or preparing for succession, The Walls Law Group provides experienced guidance to help you achieve your goals.