The attorneys at Groth & Associates assist our clients in choosing the appropriate form of business entity-- corporation, general or limited partnership, limited liability company, joint venture or individual proprietorship--and prepare the required organizational documents. We analyze not only the legal issues involved but also the tax implications and practical considerations involved in the day-to-day operation of the business. Our work for existing entities includes ongoing tax analysis and the preparation of a variety of contracts. The depth of our corporate law/business organizations department and the many years of experience of the attorneys practicing in this area allows us to provide the prompt and efficient handling of any issue regarding the organization, operation, growth and dissolution of every form of business entity.
What are the major business organization forms, and how do I choose one that is right for my business?
The four major business organization forms include: (1) the partnership, (2) the limited liability company, (3) the corporation, and (4) the sole proprietorship. Each has advantages and disadvantages, but when choosing the correct form for your business the core focus should be on personal liability and tax implications.
What do I need to do to start my own business?
One of the most important things to do before starting your own business is to determine whether or not your business idea is feasible. To accomplish this, you must plan and research your idea to ensure that your business has a favorable chance for success, will meet your expectations, and will provide an adequate reward for the risk involved. It is wise to validate your beliefs about your plans through research and careful planning because you will not have time to do it once you start your business.