Business Formation

Realize your dream of starting a business with our business formation attorneys

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Getting Your Business Off on the Right Foot

A focus of our firm is helping clients start their own businesses. We review your business plans and advise on issues involved in business formation and maintenance, including potential liability, corporate entity formation and tax structures. Once your business has been established, we continue to help it grow by advising on insurance coverage, investment strategies, and corporate compliance issues. We also look after your best interests by finding strategies to limit your personal liability and increase your bottom line.

What Type of Business Structure Should I Choose – Corporation or Partnership?

There are several ways you can structure your business. If you have shareholders and a high risk factor, a corporation might be your best choice since shareholders cannot lose their personal assets even when they lose the funds they invest. Partnerships are perhaps the riskiest structures you can choose. In a general partnership, each partner assumes liability for the company’s debts and the other partner’s actions. In a limited partnership, though, the limited partners are not liable for the company’s debts. However, this structure requires that one of the partners remains liable for the partnership’s debts. Don’t start your business without knowing what option suits your business model best. Schedule a chat with one of our business formation lawyers to learn which type of business is best suited to your needs.

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Are There Any Other Structural Options for My Business?

Most smaller startups choose the limited liability company (LLC) option. LLCs have the liability protection of corporations while still having the option to choose how to distribute their profits. They also are eligible for the pass-through tax option – paying individual income taxes rather than the higher rate the government imposes on corporations. Our business formation legal team can help you find which structural option is the best choice for your situation. Get in touch today to arrange a consultation with one of our attorneys.

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