Why would someone form an entity? Do you have personal assets that you need to protect? Are you starting a business with any partners? Are you taking on any investors? Would you like to take advantage of any tax benefits? Is your business risky?
If so, there are many different types of business formations that may be right for you. Even if you don’t form an entity, under the law you will be seen as either a General Partnership or a Sole Proprietor. To determine the right choice for your business, we recommend setting up a consultation with a LOKK LEGAL attorney.
- Limited Liability Company (LLC)
- C Corporation
- S Corporation
- Professional Corporation
- General Partnership
- Limited Partnership
- Sole Proprietorship