Business Entity FormationHaving a business idea and actually forming a real business are two very different things. While the former is a creative process that can be undertaken on your own, the latter is a legal and financial matter that requires the services of a professional business attorney.
What Is Required for Official Business Entity Formation?While it may be romantic to think about building your own business out of your basement, in reality, the process of business entity formation is much more practical. Much of it happens on paper, and there are numerous legal terms and concepts that must be incorporated. Fortunately, you can leave this aspect of your business to the us. An experienced business lawyer can help you make smart choices regarding your future business and draw up the necessary business entity formation documents for your start-up.
Types of Business EntitiesNot all businesses are alike. When starting your business, it’s important to consider the various types of business entities and decide which is best for you and your company. The different types of business entities are associated with different laws and regulations as well as privileges and obligations, so it’s best to consult with an experienced business attorney before making your selection. Otherwise, you may encounter issues and problems that could have been avoided had you met with a lawyer. Below, you will find some examples of business entities:
- Sole Proprietorships
- Limited Liability Companies (LLCs)
- Partnerships (General and Limited)
- Sub-Chapter Corporations
When you sit down with a business lawyer, he or she can explain the requirements as well as the advantages and disadvantages of each type of business entity.
How to Choose the Best Business Attorney for Business Entity FormationWhen forming a business, it’s important to choose not only the right type of business entity, but also the right business lawyer to handle your affairs. You’d be wise to choose one with many years of experience practicing business law.
The experienced legal staff at Ensberg Law Group has decades of combined experience with business owners and business entity formation documents. We’ve helped hundreds of entrepreneurs and executives throughout West Covina and the surrounding areas with their business formation decisions. We can help you make the right choices for your company’s future as well. Just give us a call today to schedule a consultation and begin your journey towards business ownership.