Providing Your Business with Step By Step Guidance Through the Legal Complexities of Establishing a New Company
The first step to establishing a new small business is to determine the type of entity to be formed and its place of formation. The way you form your business entity plays a significant role in many of the other aspects of starting your business, including structuring the relationships between you and others that you may want to be part of your business, securing financing, and employing staff. Structuring your business properly at its inception is one of the first keys to the success of your business in the early days, weeks and months of your business operations.
There are many options for structuring your small business, including the following types of business organization:
- Partnerships, designed for small businesses with more than one owner involved
- Sole proprietorships, designed for singular owners of a business
- Limited liability companies (LLC), which provide certain key protections with respect to personal liability, while also providing pass-through taxation that eliminates the business level taxation.
- Limited partnerships, where the general partner solicits investments from the other limited partners in the company. These also provide certain key protections with respect to personal liability, while providing pass-through taxation that eliminates the business level taxation; however, this type of entity mandates that the General Partner have personal liability. For those preferring this type of structure, protections can be given to the General Partner by making the General Partner a separate entity
- For-profit “C” corporations, designed to be an independent entity for legal and tax purposes, that is separate from the individuals who own and manage the corporation. These provide certain protection from personal liability, though the owner’s stock can be attached to satisfy the owner’s debts.
- Not-for-profit corporations, designed organizations that perform charitable, civic, educational or religious work
- Cooperatives, generally real estate related, designed for individuals who wish to run their organization in a democratic way
Determining which type of business structure will be the most beneficial for you and your business, both now and in the future, requires the skill and expertise of a seasoned Metropolitan Washington D.C. Area small business lawyer.
Helping You Make Intelligent Decisions for the Formation of Your Business
With over 43 years of experience in assisting small businesses in a variety of legal situations, Attorney Robert Roseman has the skills needed to guide you through choosing the best path for your up-and-coming small business. With step-by-step guidance and full disclosure of all legal information that pertains to establishing a new business, you will have the ability to make informed, intelligent decisions regarding its formation.
Robert Roseman understands that getting a small business off the ground is a complex process, and is prepared to assist you in every way possible. Attorney Roseman has the expertise needed to evaluate each aspect of your business, as well as your personal, financial and entrepreneurial goals, and can assist you in developing a strategy that is designed to elicit the best possible results.
Contact Attorney Robert Roseman Today for a Consultation
If you’re considering forming a business in the Metropolitan Washington D.C. Area, it is critical that you speak with a seasoned attorney with experience in small business entity formation before you make your next move. Mr. Roseman can help you navigate through the legal complexities of forming a business with confidence, knowing that you’ve chosen the right entity to ensure future prosperity and accomplishment for you and your business.
Call Robert Roseman today for a consultation to discuss the needs and goals of your business.
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