Business issues are continually expanding due to regulations and increased expectations. It is important that in the formation of a business that the entity to actually conduct the business be carefully considered. The differences between corporations and limited liability companies (LLC), Partnerships and Sole Proprietorships should be discussed not only for the tax aspects with proper tax advisors, but also with an attorney familiar with the creation and process of the ongoing functions of the business entity.
In addition, the business owner should consider the many issues involving not only employees, but the contracts for goods and services, how to obtain the goods and services and how to protect the business through contracts in the sale of goods and services.
Business Issues and Entity Formation
It is important to know which is the appropriate entity to conduct business whether it be a sole-proprietorship, partnership, limited liability or corporation. Each of these possible vehicles for operation have their advantages and disadvantages. Only by discussing this with an attorney can an attorney assist in providing the information and the documents that will assure that the process is complete.
Material presented on this website is intended for information purpose only. It is not intended as professional advice and should not be construed as such. The services of a competent professional should be sought if legal or other specific expert assistance is required.