Corporations, Limited Liability Companies and Partnerships
We are often asked by our clients in what legal form they should establish and operate their new or existing business. We advise them as to the alternatives: a sole proprietorship, general partnership, limited partnership, corporation or limited liability company (LLC). We help them decide which business entity form is best for them after discussing among other items:
- the nature and scope of their business,
- personal liability and potential liability issues,
- insurance coverage,
- their expected investments in the entity,
- rights to control the entity,
- majority and minority owner rights and possible protections,
- compensation issues and rights to control compensation,
- the rights and duties in case of disability or death of an owner
- the attorney's fees and costs of each entity.
Resolving these issues at the beginning, rather than after a dispute arises, will save you substantial money, time, emotional burdens, and usually avoid costly litigation.
We have years of solid experience in helping you select the best entity for the operation of your business. We also offer seasoned legal advice that you may need from time to time to avoid the many legal pitfalls and challenges of operating your own business or venturing into a business venture with others.
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