The various forms of business entities include sole proprietorships (for one person), partnerships (for two or more persons), limited liability partnerships, limited liability companies, for-profit corporations (both C-corporations and S-corporations), and non-profit corporations.
The decision as to which business entity to choose generally involves both legal and tax considerations, and should be made only after careful review and analysis of:
- the nature of business to be conducted
- the number and type of owners
- the required capital contributions
- the expected number of employees
- the anticipated annual revenue.
The attorneys at Loose Law Group have formed hundreds of business entities for their clients, including all of the various types of entities mentioned above. Our attorneys are familiar with the legal and tax implications of each type of business entity, and they counsel business owners regarding the type of entity which will best suit their needs.
Once the type of business entity is chosen, we handle the entire organization process in order to ensure a quick and smooth start-up.