Entity Formation Lawyers

Business Entity Selection & Formation Lawyers

The choices you make today can make all the difference in your business’ success. As such, choosing a type of business entity with witch to conduct business, one that complements your business goals, depends on a number of tax and non-tax considerations. Eikon business entity formation lawyers can help you understand the significance of each option as it relates to your business’ objectives. We provide detailed and comprehensive explanation to startups and entrepreneurs at the outset of their journey and support them throughout the phases their entity will go through as changes become inevitable.

Business Entity Options

This is the first serious step any founder or business owner needs to take. The implications of each option may not be obvious at the beginning, but if business takes off and becomes profitable, the unique aspect of each option plays a vital role in livelihood and future success of the venture. The entities most commonly used are as follows:

Sole proprietorship:

Where the business has a single owner and plans to remain the same in the long run. The business and the owner will be considered as one entity for both tax and liability purposes.

General and limited partnerships:

This is more suitable where there is a partnership of two or more people and each plan to share profits and losses. This choice would afford some of the partners the protection from personal liability.

Limited Liability Company (LLC):

Similar to General Partnerships but here you can benefit from a corporate tax structure as well as being protected from personal liability.

C corporations:

If you intend to raise capital and issue stock options to employees, this is most likely the preferred choice of entity. A “C corporation” protects against personal liability and is a separately taxable entity with the downfall of double taxation if profits are distributed to shareholders.

S corporations:

S corporations posses certain defined characteristics and elect to be treated for tax purposes as S corporation. An S corp is limited to 100 shareholders, it may not have more than one class of stock, and it cannot have a non-resident alien as a shareholder.

How We Can Help…

All of the above options have certain guidelines for their formation. Once we decide what entity is right for your business objectives, our lawyers will help you with all the necessary steps to help ensure your business is in full compliance with the state of incorporation laws, including:

  • State and federal filings;
  • Permits, licensing, and regulatory compliance;
  • Corporate records, articles of incorporations, and operating agreements;
  • Financing options;
  • Partnership agreements, employment agreements;
  • Organizational amendments

As a fixed-fee law firm, we provide you with the advantage of not worrying about billable time when discussing the potential options with our lawyers. Contact us to speak to a skilled Eikon business entity formation attorney.

Start Your Legal Project

We are available to our clients whenever, wherever. Let’s talk.

Try Event Registration by vCita