Choosing The Proper Legal Structure For Your Business

One of the most important decisions people make in starting a business is choosing the legal form. When selecting the form for your business, it's important to consider several factors, including how hard it is to create and maintain the enterprise, management and control issues, the importance of limiting liability, and tax factors.

The main business forms are the sole proprietorship, partnership, corporation and limited liability company. For many businesses, each form is available. However, legal and practical factors may require a particular form at a certain time. As conditions change, switching to a different form may be desirable. Here is a brief summary of each form taking into account the factors mentioned above.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Business Organization Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Las Vegas, Personal Injury Lawyer, Howard Roitman | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »