BUSINESS STRUCTURE FORMATION
One of the most common reasons we have people reaching out for a business attorney is to form their business entity and find out what exactly that will entail. It can be overwhelming if you are not familiar with the process, but we are here to help!
Once you and your attorney decide which business structure will be best-fitting for your vision, the process can begin. We will provide full-service within the formation of your business structure. Our attorneys will check the potential name of your business to ensure its availability, compile any necessary documents to begin filing, maintain the process, and eventually retrieve an Employer Identification Number for your entity.
The Most Common Business Structures
General Partnership
When two or more individuals agree to share unlimited responsibilities of a business such as assets, profits, liabilities, and finances.
Corporations
A company or group of individuals who are authorized to act as an entity. It is a separate legal entity from it's owners.
Limited Liability Company
A type of entity that has the powers of both a corporation and a partnership. It is owned by a "member" defined as an individual, partnership, corporation, etc.
Limited Partnership
A partnership formed by two or more individuals who also have one or more limited partners. This partnership operates in accordance with a partnership agreement, written or oral.
Limited Liability Partnership
When a general or limited partnership want to limit the liability of it's general partners.