Choosing the correct form of your business is one of the most important steps in effectively and efficiently managing your business. The form of entity chosen (sole-proprietorship, partnership, limited liability company, or corporation) can have major consequences affecting your ability to secure financing, raise capital, pay appropriate taxes, protect your personal assets from liability, comply with both civil and criminal laws, manage employees, and many other related issues.
With so many options available for choosing the correct type of entity, and so much red-tape regarding paperwork and filings, executing this first pivotal step to establishing an enterprise can be very time consuming and expensive. Whether you are already running a business, or are contemplating starting a business, you should not hesitate to secure competent legal counsel to advise you on the the best form for your business endeavor.
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