Entity Selection and Business Formation
Do you know what the best entity is for your business? Essentially four types of businesses entities exist: Sole Proprietorship, Partnership, Limited Liability Company, and Corporation. Each of these has its positives and negatives, and each has various derivative forms.
Much thought goes into the process of selecting the correct entity, just because your neighbor told you you need to form limited liability company does not mean that that is necessarily the correct entity for you and your company. Your needs, goals, tax considerations, liability, risk tolerance, number of partners, and many other important factors must be considered before determining the best business structure type for you and your business. This can be a confusing process, but we can guide you through the process of selecting the right structure to help you attain your business goals.
After selecting the appropriate entity for your business, properly creating your business structure, be it a corporation or limited liability company or some other business structure, becomes important. After forming your business entity, and depending on the entity chosen, you may have certain obligations to keep your selection in compliance with state laws. In addition, in order for the chosen entity to best protect you and your assets, you will need to prepare appropriate documentation.
No matter what the best entity for you and your business, Integrated General Counsel can help you determine your next steps. If you are ready for a results-driven plan of action, contact us either by telephone at (925) 399-1529 or complete the Contact Us form and we will get back to you.
Whatever you decide, we wish you the best in your business endeavors.
Our clients come from all over California, including the greater Bay Area, the East Bay, the Tri-Valley, Pleasanton, Dublin, Livermore, San Ramon, Danville, Alamo, and Walnut Creek.