Helping Company Owners Select and Form the Right Business Entity
When you start a company, you have many decisions to make that can directly impact the success of the business. One such decision is what type of formal business entity – if any – you should form. Many considerations should go into this decision, and it is critical to discuss your options with an experienced entity formation attorney in Beverly Hills. Do not hesitate to call the Law Offices of Jon H. Freis for a consultation today.
Entity Choice and Why it Matters
There are different options for business entities in California, each with its own potential benefits and drawbacks. Some options include:
- Sole proprietorship
- General partnership
- Limited Partnership (LP)
- Limited liability partnership (LLP)
- Limited liability company (LLC)
Some entities require no filings with the Secretary of State, while others require extensive paperwork and regular filings. When selecting a business entity, you should consider the following:
- Ease and cost of formation
- Liability protections for owners
- Tax options and benefits
- How you are funding the business
- Whether there are multiple owners
Weighing the options will be different for each company owner, depending on the size and type of operation involved. You should carefully review each entity type to determine which one is the best for your specific enterprise. Once you select an entity, a lawyer can help ensure that you meet all the requirements for the formation and maintenance of the entity.
Contact an Entity Formation Lawyer in Beverly Hills to Learn More
When it comes to entity formation, having the counsel and assistance of a Beverly Hills entity formation attorney can help prevent complications and encourage success. Call the Law Offices of Jon H. Freis at 310.276.1218 or contact us online to discuss how we can help you get your company off the ground in the most effective manner possible.