Businesses are created every day across the country for a wide range of reasons. Most business owners create them in order to make a profit. While this is certainly the driving force behind any business owner’s vision, a vast majority of these same visionaries fail to understand the proper way to form, own, and operate these businesses. Far too often, a new business is formed without thinking through the consequences of how it is owned. A BUSINESS SHOULD NEVER OPERATE AS A SOLE PROPRIETORSHIP!
The ease of formation, the low cost, and the benefits of creating a business organization are testaments to this. At Green Law, we have been creating, forming, organizing and helping manage various types of business entities for years. Some of the business that we have helped create include partnerships, S-Corporations, C-Corporations, and limited liability companies (LLCs). There are, of course, variations of each type, such as limited partnerships, limited liability partnerships, single-member and multi-member LLCs, series LLCs, and so on. With all the different options, what is right for you?