Business Formation

For entrepreneurs and business owners, it can be difficult to completely understand the legal intricacies involved in starting a new business venture as there are many legal issues that need to be addressed. Being an owner, your legal rights, personal liability, and tax obligations are influenced by the selection of business entity. It is extremely important to evaluate different business formation options available to you and make a well-grounded decision, as the long-term success of your new business largely depends on the legal structure you choose.

Skilled Legal Counsel Making Business Formation Decisions Easy for Businesses

At Law Offices of Douglas Kortrey LLC, we know how challenging and time consuming it can be for business owners to understand the benefits and drawbacks of each type of legal structure. You may be confused between two formation options that may appear to equally satisfy your business needs. It is never advisable to make the final decision in haste, solely based on cost benefits or what your competitor is using, as it can have serious legal repercussions in the long run.

We guide aspiring entrepreneurs and budding startup owners through the complex process of business formation, enlightening them with the legal framework. We work closely with you to understand your short- and long-term goals, and advise you on making the right decisions that will lead to sustainable growth and enable you to mitigate potential risks as you look to grow you business.

Thorough Legal Guidance to Help Start your Business Properly

Whether you are starting a business or want to make your company public, our legal consultant can help you in determining the best legal structure based on your individual circumstances. We offer skilled legal counsel to clients pertaining to different business entities, including:

• Sole Proprietorship: A single person owns the company and is responsible for all the profits, losses, taxes, and personal liabilities.
• Partnership: Two or more individuals enter a partnership agreement that spells out how the company will be managed and profits or losses will be distributed among the partners.
• Limited Liability Company: The owners of an LLC enjoy several tax benefits and reduced personal liability.
• C-Corporation: This type of business structure allows your business to be considered as an independent legal entity, separate from its owners, and provides significant capital and tax benefits.
• S-Corporation: It is a type of corporation with special tax benefits for its operations.
• Professional Corporation:This legal structure is suitable for accountants, attorneys, physicians, and other professionals. One of the major differences from other types of corporations is that it lacks liability protection.

In addition to business entity selection, our principal legal consultant helps clients with all phases of legal planning involved in business formation.

Discuss your Needs Today with our Knowledgeable Legal Consultant

At Law Offices of Douglas Kortrey LLC, we counsel start up businesses in proper legal formation and our principal legal consultant has almost 30 years experience counseling business entities. Contact our office today at (973) 435-7040 to schedule an initial consultation.