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Fort Lee Business Formation Lawyer

Assisting Prospective Business Owners for Nearly 30 Years

Determining the legal structure of your new enterprise is one of the most important decisions you will make as a new business owner. Each type of legal structure has certain benefits and potential drawbacks and will be affected by the type of business involved, its size, its number of employees, and other factors. Understanding your options is vital to the decision-making process.

At Charles Shaw Law, our Fort Lee business formation attorney can ensure that you fully understand the variables involved in business formation. With nearly 30 years of experience in business law, we can walk you through the possibilities, provide the legal counsel needed to make the right decision, and ensure that your new business is formed according to state law. Our goal is to get you up and running and making forward strides towards success.

Contact us for a free consultation about business formation at (201) 289-5111 or through our online form today.

Various Types of Business Structures

The business organization that you choose will determine important matters such as how you will pay your taxes, your personal liability, and who will take part in making major decisions concerning your company.

In general, the various business structures are:

  • Sole proprietorships
  • Partnerships
  • Corporations, such as S and C corporations
  • Limited liability companies (LLCs)
  • Nonprofits

Some structures are similar in many ways but each has its own key differences. For example, corporations and LLCs are similar in that they require a separation of business and personal finances and both protect one’s personal assets from any business liability. They differ, however, in that the tax reporting options for a LLC are much more flexible than for a corporation. Corporations are also recognized outside the U.S. while LLCs are not.

S and C corporations differ as well in that C corporations are required to pay corporate income tax while S corporations are not.

Work with a Knowledgeable Business Lawyer in New Jersey

At Charles Shaw Law, we have been helping business owners for decades with a wide variety of legal issues. We look forward to assisting you in correctly forming your new venture and helping to ensure your future success.

Call us at (201) 289-5111 for a consultation with a Fort Lee business formation attorney today.

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  • 25 Years of Practice

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