Are you considering forming a business in 2019? If so, you’ll find that working with our incorporation lawyer in Raleigh NC can help you form a legal business as well as help you with contracts, agreements, and other things that you may need a lawyer for throughout the beginning stages of startup and beyond.
In our previous blogs, we’ve talked about the beginning planning stages of coming up with your business idea, what types of products or services you’ll offer to customers, and creating a business model. Today, we move on to the next step of forming a legal business entity. At any point during this article, feel free to contact our incorporation lawyer to ask questions.
Choosing the right entity for your new business is important. It’s something that should be done before you open your business to customers. Many things will be affected by the way you incorporate your business, especially for tax purposes and future planning for your company.
There are a few most commonly used entities that small business owners choose. These include LLC, S-Corps, C-Corps, and Partnerships. You can work with our lawyer to help you choose the best entity. Things to consider when choosing incorporate include but are not limited to, the following factors:
- State funding requirements
- Tax implications
- Number of owners or partners involved
- Laws and regulations regarding various forms of entities
It can be very confusing and overwhelming to learn about all the different types of incorporation. However, with help from our lawyer, you won’t have to choose alone. We can help you make the best decision for your venture so that your business is formed legally through the best choice of entity.
One of the top choices for small business to form is an LLC. This can be a great option for those that would like to have more flexibility, have fewer regulations to deal with, and are more favorable for tax purposes.
Forgoing the incorporation formation altogether isn’t recommended. Those who don’t choose to form a legal business entity will find that they may be held personally liable for any liabilities, debts, or issues that happen along your journey into owning a business. Those that chose to forgo forming a legal business will fall into the category of sole proprietorship.
Consult our incorporation lawyer in Raleigh NC on the different types of business entities before making any decisions on your own. If you have any questions or would like to meet with us about incorporation, please feel free to contact us today. We can help you make the right decision for your business. Don’t take the risk of choosing the wrong business entity. Let us help. Call now.
If you are getting ready to start your own business and need help forming a sound-tight article of incorporation, contact our incorporation lawyer in Raleigh NC today. Eldreth Law Firm are a great small business lawyer firm. Our lawyer will get your business on the right track from the beginning without having to worry about legal issues or law violations.