Do you plan to start a small business? Do you already own one as a sole proprietor or in partnership with others? In either case, you may benefit from organizing your business as a corporation, limited liability company or other business entity.
Among other advantages, a business entity can help insure that legal liabilities and other potentially adverse consequences resulting from business activities – accidents and business disputes, for example – fall not on the individual business owner and her personal assets, but only on the business entity and its assets. However, failure to choose the appropriate business form – or failure to properly manage and administer it – can have negative consequences for the individual owner.
For answers to your questions about small business entities and assistance in forming one, please visit our office or call for an appointment today.