At Generations Law Group, we believe small business owners and entrepreneurs are vital members of our communities.
That’s why we know how exciting it is when you’re so close to finally opening a business, but there are still complications and many responsibilities to deal with, as well.
We’re here to help you through them.
As business formation attorneys with personal experience with small business and decades of experience helping our clients with theirs, we’re ready to help you with your business and any and all steps of the process.
Business Formation Options
Planning for your business takes time, and you’ll want to create a solid business structure to ensure each step of the process goes well.
The first consideration when opening your business will be the type of business you choose to open.
Types of business that may interest you include:
- Sole proprietorship
- C Corporation
- S Corporation
- Joint venture
Even within the types of businesses, there are delegations, as well.
For example, if you choose a partnership, you’ll need to decide between a general partnership and a limited partnership.
- A general partnership is a legal entity with two or more persons where all the partners are liable for partnership debts.
- In a limited partnership, however, limited partners are only liable to the extent of their investment in the company.
Each type of business has its pros and cons — including different taxation requirements. Part of our role as your business formation attorney will be helping you understand the legal requirements of the entity you choose for your business.
Setting up your business venture may also require obtaining permits or licenses from federal, state, or local governments to prove compliance with necessary regulations. As your business formation attorneys, we can help you apply for and obtain all the necessary permits for your business.
Additionally, our team can help make sure you are protected against future potential litigation by working with you to review and draft lease agreements, employee handbooks, and other documents for use within your business.