New business owners wonder what legal form should their business undertake; Inc., LLC, LLP, or GP. There is no simple answer to that question. It depends on the goal of the new business. Is there more than one location? How many people are entering the business together? What are the tax implications for each structure?
The main reason a new business owner seeks advice on the corporate structure is personal protection. That is, they want to protect their personal assets. It is IMPERATIVE to remember regardless of what type of structure is chosen the corporate requirements must be followed.
Contact Rutledge & Yaghmai for an initial evaluation on what type of legal structure is best for you.
