Business Formation

Business Formation

When launching a cannabis business, early decisions about the legal structure of a business can have impacts on its owners for years to come. We recognize that your expertise in cannabis markets may not translate into expertise decoding the rights and responsibilities that different business structures can impose on business owners. As one of Oregon’s premier cannabis law firms, we’re uniquely qualified to advise clients regarding the business structure that will equip your business for success. Our attorneys can explain the relative advantages and disadvantages of each type of business entity and help you decide how to best proceed with your new business based on your needs and your long-term goals.

Green Light Law Group will help cannabis business owners navigate choices – such as that between registering as an LLC or corporation – that will impact their individual tax and legal liabilities. We are also prepared to help groups of partners value their contributions – both financial and otherwise – when deciding how to allocate ownership interests in their new cannabis business. The process of business formation requires difficult decisions when it comes to clarifying control issues, establishing voting procedures, identifying the most effective candidates for your business’s board of directors, and formalizing decision making structures within a business. Green Light Law Group has the experience necessary to walk you through these often convoluted decisions

Once you have formed your new business entity and are operating in the highly regulated cannabis industry, maintaining your corporate existence in good standing and in compliance with state-mandated procedural formalities is paramount to protecting your personal assets and shielding you from personal liability. From supporting your business through a smooth founding process to ensuring that it operates in full compliance with a convoluted regulatory regime, Green Light Law Group has the experience needed to ensure that the interests of cannabis business owners remain protected.