Every successful business needs a strong foundation of legal protection, which can be achieved by creating the right type of entity. This process creates protection for individuals, reducing the risk of collateral damage if something happens within the business. We can assist with various types of legal entities:

• Sole proprietorships
• S corporations
• C corporations
• Limited liability partnerships (LLP)
• Limited partnerships (LP)
• Professional corporations (PC)
• Limited liability companies (LLC)
• Partnerships
• Family limited partnerships (FLP)

There are numerous considerations that go into which business entity should be used such as:

1. How much revenue and profit you anticipate to receive from your business,
2. How will your business be managed and controlled,
3. Your desired business field and what services you will be offering,
4. Whether you or your business requires a certain license to legally operate (which may require a professional business entity or can legally eliminate other entities that may otherwise be available),
5. Whether you will be going into a partnership with someone else,
6. How many employees you will be hiring and their desired involvement in the business,
7. Whether you will be purchasing real estate, and
8. Whether you intend on bringing in future investors.

Our experienced team will evaluate the unique details related to your business to help you understand the benefits of specific types of entities. We work hand-in-hand with business owners so that you can make an informed decision regarding the legal structure of the business. Not only will the right business structure provide protection, but the entity can also be beneficial for tax strategy.