The decision to start a business is one that leads to a series of further decisions. The first and most important is deciding the type of company to form. Incorporating a business has several steps and several factors to consider. There can be very serious legal consequences as well as taxation consequences that need to be analyzed.
Luckily, the Law Firm of Vaughn, Weber & Prakope, PLLC is here to advise you as to the legal implications of forming your business. The taxation questions must be answered by an accountant (possibly a CPA) and would not be discussed by your attorney.
Some of the most common types of businesses include sole proprietorships, limited liability partnerships, limited liability companies, s-corps. and c-corps. Each has its advantages and disadvantages. An experienced attorney can be a key resource to decipher which type of entity fits the needs of your business best.
At the Law Firm of Vaughn, Weber & Prakope, PLLC, our corporate attorneys are experienced and well versed in advising prospective business owners about corporate formation. We will help alleviate your concerns and properly advise you every step of the way. And as always, we are just a phone call away. If you are thinking of starting a business, please call the Law Firm of Vaughn, Weber & Prakope, PLLC at (516) 858-2620. We are here for you!