Starting your business off on the right foot means doing some research and legwork beforehand. Taking a little extra time to get everything done right helps lay a good foundation for the future success of your business. In addition to the basics, such as determining a good product or service to offer and picking the right location, you need to form the proper business entity.
Setting up your business as its own entity, distinct from you, can provide many advantages, including liability protection, tax savings, and the projection of a professional image for your business.
You have several different types to choose from, each with its own pros and cons. The three most common types to consider are these (click on the links to learn more about each type):
It’s crucial to pick the right entity for your type of business and goals. Making the wrong choice can have dire consequences down the road. This is why it’s important to talk to an experienced business attorney before making a decision.
Helix Law Firm can help you understand your options and help you choose the right entity for your needs. If you’re interested in forming an entity for your business, please call us at (619) 567-4447 to schedule a free consultation.