Your choice of business entity determines asset liability and protection, ease of day-to-day functioning, and taxation. Thus, it’s imperative that you choose the right entity for your business. Setting up a new business is a major step in your life and you should always consult with a qualified business law attorney before you do so. In this article, we will provide some basic information on how to choose a business entity to get you started in the right direction. We will explore the sole proprietorship, partnership, limited liability company, and corporation. Sole Proprietorship A sole proprietorship is the default entity for people who start a business on their own. It’s created in a blink of an eye and can be dissolved that quickly as well. In addition, there are no legal set up fees, ongoing entity fees, or special … Continue reading
Five things you need to do: 1) Find a law firm which handles the issues you are dealing with. 2) Look at credentials. 3) Meet with the firm in person. 4) Ask to see evidence of similar cases and the results. 5) Be comfortable with the interview or go somewhere else.