Start a Business in Puerto Rico
Puerto Rico Business Start Up Attorneys
Properly starting a business in Puerto Rico, whether as a new venture or the expansion of a foreign entity, is the first step to success. Attorneys in GAC’s Start Your Business Practice Group have extensive experience in helping companies navigate the complex web of federal, Commonwealth and local regulations faced by those doing business in Puerto Rico. The lawyers provide a full range of legal services to business start ups, focusing on protecting the companies’ interests and positioning them for profitability and growth.
This practice group is committed to identify on a proactive basis which requirements and challenges the clients may face and offer creative and cost-effective solutions that meet the regulatory standards, as well as the needs of the client.
Entity formation in Puerto Rico
The form of entity a business assumes has significant consequences regarding tax liability, personal liability and flexibility of operations. Our business lawyers assist start ups in determining the type of business entity best suited for the clients’ particular business goals. The attorneys have experience with all aspects of incorporation under Puerto Rico and foreign laws, and formation of limited liability companies (LLC), limited liability partnerships (LLP) and civil partnerships.
The attorneys counsel new businesses on internal composition, voting rights, classes of shares or participations, corporate governance, shareholders’ agreements and other issues. Additionally, the Start Your Business Practice Group will identify and obtain all permit and license applications and filings, assist with lease agreements and handle particular authorizations from the applicable governmental agencies, such as the Commissioner of Financial Institutions and the Commissioner of Insurance, among others.
In order to address all related considerations under Puerto Rico and federal laws, this special practice group is composed of members of the following legal practice groups:
|Members of the Start Your Business in Puerto Rico Practice Group:
Members of the group may collaborate with members of other practices at our firm to provide comprehensive solutions for individual business start ups.
Members of the firm appear on behalf of clients before federal and Puerto Rico courts, government agencies, and in domestic and foreign transactions. GAC’s offices are in the American International Plaza Building in the heart of Hato Rey, San Juan, Puerto Rico’s financial district. If you would like to speak with a member of the firm or have any other question, please contact the firm to arrange a consultation with an attorney with the appropriate experience.