Primary Practice Contact: Steven W. Beckstrom
Our entity formation attorneys handle partnerships, incorporations, LLCs, and other business formations
We help new business owners choose the legal entity form that best meets their needs
Common forms of business entities include corporations (C corporations and S corporations), limited liability companies, general partnerships, limited partnerships, limited liability partnerships, and sole proprietorships.
The form a business takes is one of the more important decisions faced by a business owner or founder. It affects many options and decisions going forward.
The ability to sell ownership interest in a business, the ability to raise capital, the relationship between co-owners, and liability for tax or legal problems all depend upon the choice of entity.
Common Legal Form Considerations
There are advantages and disadvantages to each form. In advising our clients on the choice of entity, we help clients carefully consider many factors, including:
- Tax and tort liability issues;
- Cost of maintenance of the entity;
- Protection of intellectual property (often overlooked);
- Size and complexity of the entity; and
- Regulatory requirements placed on the proposed business activity by local, state or federal government.
Let us help you get your business off to the right start
Our business formation attorneys are ready to help. For more information please contact Steven W. Beckstrom or another member of our team.