There are few things more exciting than taking your future into your own hands and starting a business. Though our society holds entrepreneurs in high esteem, it does not make becoming a business owner easy: there are numerous legal requirements and tax obligations, and failure to fulfill them can lead to significant penalties and fines. The best way to ensure that your business formation plans are complete is to consult with an experienced attorney that can guide you through the process.
One of the most important considerations is the type of legal business structure you are going to use. This is usually determined based on a number of different factors, including your personal needs, how many people are involved in the business, what type of business you are operating and more.
The four options for the business structure are:
Each of these options has its own advantages and disadvantages. To speak with a professional who can offer you knowledgeable guidance for your particular situation, contact our office to set up an appointment.