There are a number of options. You can decide to form as a corporation, a partnership or a limited liability company. Deciding which is right for your business requires analysis of the liability protections and tax treatment you want, the employee benefits you will offer, the types of owners you’ll have, your business practices and a host of other considerations. The following table can provide some guidance on these considerations. Click here to view table.
However, it is advisable that you consult with an attorney when making this decision. Our attorneys can advise you on liability, tax and other considerations to keep in mind and guide you to choose the right entity for your business. Our attorneys are further equipped to not only advise you on entity selection, but to assist you through the process of forming your new business, obtaining financing, drafting employment and vendor contracts and reviewing leases.
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