Formally establishing your business can be the realization of a lifelong dream. However, that dream also has legal realities. The opportunity to start your own business is rewarding beyond just the potential financial benefits, as you are given the chance to fulfill your lifelong dream of succeeding on your own terms.
At Creighton McLean & Shea PLC, we help entrepreneurs achieve their personal goals by assisting them with the complex legal and financial considerations that accompany any small-business startup. Our experienced business law attorneys help clients set up sole proprietorships, corporations, limited liability companies (LLCs) and partnerships among other types of business entities.
Selecting The Right Business Entity Type
There are many business entity options for you to choose from, and because of this variety of choices, it is imperative that you have an attorney’s help in identifying the one that is the most proper for you. This important decision can make the difference in getting your business off to an auspicious and successful start.
Your formation options include, among others:
- Sole proprietorship
- Limited liability company (LLC)
- Limited liability partnership (LLP)
The type of entity that you choose can affect your business in several ways. From tax obligations to liability protection to raising capital, it is important to understand the long-term impacts on your business.
Certain types of entities also require complex documents and agreements at the time of formation. Our experience in corporate law can simplify the small-business formation process. We know how to draft thorough operating agreements, partnership agreements and more.