Establishing A Sound Foundation For Your Business
Most people are extremely mindful of costs when starting a new business. What many do not realize is that taking a few proactive steps in the beginning can prevent costs from skyrocketing in the future. At the Schenectady law firm of Higgins, Roberts & Suprunowicz, P.C., our attorneys can help you start your business off on the right path by providing guidance on entity formation.
Niskayuna Entity Selection Attorneys
Business owners who do not take the advice of an attorney when setting up their businesses can run into serious problems down the road. To ensure that the road ahead is clear, our attorneys will ask you to consider several questions such as, “Are you setting up the right entity for the business you plan to run?”, “What will the ownership structure be like?” and “What is the exit strategy?”
Your answers to these questions will help us determine what type of entity you should form. Each entity has its own set of tax consequences and provides different levels of protection. By choosing the correct entity, you may be able to protect yourself against personal liability in the event that the business faces a lawsuit. Choosing the wrong entity formation can cost you your personal assets.
Our lawyers assist clients in the formation of a broad range of entities, including:
- Closely held corporations (CHCs)
- Limited liability corporations (LLCs)
- Limited liability partnerships (LLPs)
- Professional practices such as law firms, medical practices or partnerships
- Family-owned and -operated businesses
- Spinoffs and mergers
- Nonprofit organizations