Legal Advisory For Deciding On Your Business Entity
As you advance in creating your own business, you might realize the process is more challenging than you initially thought. In fact, the very first step for your business creation is the cornerstone and starts with this question: What type of business entity should I choose?
Multiple facts and needs should be considered when choosing the right entity. At Gold Law Firm in New York, Sarah Gold has guided her clients through the complex process of business formation for more than 10 years as a business lawyer. Learn more about LLCs and why they could be a good option to start your business as a sole owner or with multiple owners instead of a partnership.
Why An LLC Could Be A Good Option For You
Forming an LLC could be a good option whether you are a sole owner or share ownership with other individuals. Some of the characteristics of an LLC include:
- The business owners’ personal property or finances are not involved or compromised in case of debts or lawsuits, i.e., your personal entity is separated from your LLC.
- Administrative matters such as compliance regulations and management are more straightforward.
- This type of business organization allows plenty of flexibility regarding the number of owners, taxation and ownership.
If your business is an LLC, it will also provide credibility among your clients, as this means you are a legally constituted business. However, there could also be some disadvantages. For example, LLCs might be unattractive for outside investors or joint ventures.
After discussing your expectations and needs, Sarah Gold will provide a detailed outlook and determine if the benefits outweigh the potential disadvantages. Having an experienced and knowledgeable ally such as Gold Law Firm can make a positive impact on your business.
Laying The Foundations For The Success Of Your LLC
Call the firm today at 518-517-3250 or fill out this online contact form to schedule a meeting at attorney Sarah Gold’s Albany office. Learn how she can help you lay healthy and comprehensive legal foundations for your LLC.