Business Structures, Prudent Planning, and Creative Solutions
At Handel & Carlini, LLP, we know it takes more than economic activity to achieve prosperity: it takes prudent planning, creative solutions, and dedicated resources. We want you to start on solid footing and we’re willing to take you through an in-depth analysis of your business plan to ensure that you’ve given ample thought to all major contingencies. If you’re launching an LLC or corporation it takes several steps. What is an LLC? An LLC is a distinct corporate entity with the ability to use its own a tax identification number, open a bank account and do business under its own name, it’s also a business structure that gives you extra legal protection. It combines the benefits of the corporation and partnership business structures in that your personal properties and assets are not at liability risk. What Is a corporation? A corporation is a legal entity that is separate and distinct from its owners. Under the law, corporations possess many of the same rights and responsibilities as individuals and in general, but a corporation is formed under state law by the filing of articles of incorporation with the state. There are multiple facets to running an LLC or a Corporation and they can get confusing and complicated. The business structure you choose influences everything from day-to-day operations to taxes and how much of your personal assets are at risk. You should choose a business structure that gives you the right balance of legal protections and benefits. Whether your business is a start-up or a well-established entity, Handel & Carlini, LLP can provide invaluable legal insight into various internal company issues as well as commercial exchanges. Schedule a free initial consultation with a business and commercial law attorney from Handel & Carlini.