Business Entity Formation

Business entity formation — i.e., determining which form of business to use — is one of the first decisions you must make as the owner of a new business.  Depending on the circumstances, a business may be formed and operated as a sole proprietorship, a limited liability company, a “C corporation,” an “S corporation,” a partnership, a limited liability partnership, or yet a different kind of entity altogether.

The choice of business entity determines whether the owner and others may have protection against personal liability for acts or omissions of the entity, how business income is taxed, and the nature and extent of any required “corporate formalities.”  Typically, there is no one-size-fits-all option.  The best choice of business entity for a given situation generally depends on the business owner’s specific needs, preferences, and goals.

We help new business owners understand their options and the relative advantages and disadvantages of each.  Once the choice of entity has been made, we help with formation of the entity and, as applicable, compliance with corporate formalities.

Please contact us if you have questions or need assistance with the selection or formation of a business entity.  We would be happy to help.