When starting a business, an entrepreneur is faced with a flood of decisions and choices to consider. One of the most-overlooked is how the business will be structured and categorized from a legal perspective. Whether as a sole proprietorship or partnership, or as an LLC or corporation, or any other business structure, each type of business has its advantages and disadvantages, and its own legal requirements and considerations.
Structuring as the wrong type of business entity in the early stages of the business can have dramatic and long reaching effects that can create high costs if you determine you need to restructure at a later date. Our attorneys can help you determine at the outset exactly what type of business best fits your needs and serves your business plan. We will be able to make sure that your business is properly formed and provides the legal advantages you are looking for, and advise you of any pitfalls you may face and help you prevent them before they can cause problems down the line. We can also create the important agreements between partners, founders, and members to give each the peace of mind to ensure that the business is able to thrive.