Business Law

U.S. Business Law

Establishing a Company

Establishing a Company

British LLC
Business Plan
Business Taxes
Corporate Book
Corporation
Corporation / S Corporation
Different entities
Limited Liability Company
Partnership
Social Security Number
Sole Proprietorship
Start-Up Checklist
Trademark

Welcome

Welcome to the Website of Rechtsanwaltskanzlei PECHER. We are pleased that you visit our Internet presence.  As modern company, we want to provide you with all online information about the services that we offer.
Briefly, you should know the following about us.  We are a young team, whose expertise lies specifically in the area of international law.  
 
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This includes primarily the German Probate and Inheritance Law & German Family Law, German and U.S. Corporate Law including Great Britain's corporate law, U.S. Contract Law and the Recognition and Enforcement of German Judgments in the USA, Enforcement of U.S. Judgments in Germany and the U.S. Immigration Law and German Immigration Law.

Sole Proprietor

A sole proprietor does not only have sole ownership of a firm, but he or she also runs the business alone. There is not a true separation between the person and the firm.

For you, this means that you receive 100% of the profit, but you are also 100% liable for the firm and any debt is incurred.

 In the USA it is possible for a person who is a sole proprietor to choose a name for their firm, that is different from their personal name. In order to do this properly, one must obtain a Certificate of Assumed Name county that the firm is located. This Certificate of Assumed Name is also called “DBA” which stands for “Doing Business As”.

We are experienced in applying for DBAs for our clients. Of course it is possible to do this by yourself. You must contact the appropriate city Clerk’s Office to do so.

In the event that you incur problems when you register, or if you are unsure where to start, contact us via e-mail at This e-mail address is being protected from spam bots, you need JavaScript enabled to view it . 

Advantages
  • Easy to establish.
  • All proceeds go to the business owner.
  • All business decisions and control are in the sole hands of the business owner.
  • It does not cost much to start a business.
  • There are tax benefits.
  • It is easy to close such a business.
  • Possibility to name the business something other than your own name.

Disadvantages
  • Unlimited liability.
  • It is difficult to increase invested capital.
  • The business owner’s inexperience.
  • Limited possibilities for the business if the owner should become ill or die.
 
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