Business Formation of Legal Entities to Protect Individuals

Timely counsel by the Alex R. Hernandez Jr. will allow you to set up a business with a firm foundation and one that complies with federal, state, and local laws pertinent to your industry.

The way in which your business is formed will determine the personal liability of the founders, how taxes are paid, and other important details. For example, a sole proprietor typically makes decisions on her or his own, while a partner in a partnerships must get approval from all other partners prior to making major decisions for the company. The main business legal structures are:

  • Sole Proprietorship
  • Partnership
  • Limited Liability Company (LLC)
  • Corporation
  • Nonprofit

Business formation is a necessary early step when starting a business. We can apprise you of the pros and cons of the different entity choices available. We can guide you on the steps to take so that your business formation objectives are achieved in a cost-effective manner. We advise after understanding your business objectives and assessing the financial and operational wherewithal that you have to realistically achieve that objective.

The chief aspects to consider in business formation are protection from liability, tax features, and an entity structure that works best for the two considerations mentioned.

We counsel clients on a diverse range of business formation strategies and in the choice of entity, such as corporation, partnership, limited liability partnership, limited liability company, sole ownership, etc. Sometimes, it is desirable to set up a business incorporating features of more than one business type. We can guide you on such nuances related to business formation. Our law firm will ensure that you have all the documentation in place.

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Alex R. Hernandez Jr. Attorney at Law