Corporations & Business Law
One of the most important decisions when starting a
business is what type of business organization to form. Do I form a sole
proprietorship, a partnership, a limited partnership, a corporation, or a limited
liability company? The choice of entity is impacted by the type and nature of the
business, the personal financial situation of the owners, the risks associated with
the business, the availability of insurance for the business, and the need to
continue the life of the business. There may be advantages and disadvantages to
each type of entity depending on the type of business being formed. The main
benefit of incorporation is to limit the liability of the owners. If the business
needs capital from non-active investors, the need for limited personal liability is
great. Once the business is incorporated, the business must follow the formalities
of the corporation and keep appropriate records. Donald M. Banman will help
you to form your Corporation or Limited Liability Company (LLC) and
to maintain your corporate status. Don will also help you with Business
Contracts, Buy-Sell Agreements, and Business Litigation.
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