ENTITY FORMATION

 

Entrepreneurs must juggle countless tasks and competing priorities well before they open shop, including the creation of a legal structure. Business formation is a necessary early step when starting a business, whether you’re registering a simple DBA, incorporating or forming a partnership.

The way in which your business is formed will determine the personal liability of the founders, how taxes are paid, and other important details. For example, a sole proprietor typically makes decisions on her or his own, while a partner in a partnership must get approval from all other partners prior to making major decisions for the company. The main business legal structures are:

  • Sole Proprietorship
  • Partnership
  • Limited Liability Company (LLC)
  • Corporation
  • Nonprofit

Get Immediate Help With Tax Information from the IRS

 
 
 

Choosing a Legal Structure for Your Small Business is a big deal!

If you have specific questions about forming your business, Please contact us!.