Business Formation Attorneys Helping Your Business
When structuring a business, it is essential to choose an appropriate type of business formation. The type of formation you choose can have a drastic impact on the business’s potential and the liabilities that may exist. At The Tarantino Law Firm, LLP, we are committed to helping small-business owners and other professionals in the Buffalo, New York, area with the business formation process.
As a small business, we understand the impact that the proper type of business organization can have. We have extensive experience handling all types of business law issues for our clients. Our business formation attorneys are committed to getting to know your business and your goals to ensure the formation we choose supports your current and future endeavors.
Types Of Business Formations
Whether you are just starting your business or looking to reorganize an existing business, our firm can help. We have the knowledge and insight needed to help you choose the most advantageous formation for your business, which can be any of the following:
- Limited liability partnership (LLP)
- Limited liability company (LLC)
- Corporations, such as S corporations and C corporations
- General partnership
The Risk Of A Sole Proprietorship
Though a large number of small businesses are run as sole proprietorships, this may not be the best fit for the future potential of the business. Sole proprietorships may seem appropriate, but unfortunately, they often leave the business owner’s personal assets at risk. This means that if there is a lawsuit, the business files for bankruptcy or other action is taken involving the business, the owner’s personal funds may be used to pay any judgments or debts. Our firm takes the time to educate owners of sole proprietorships on the potential pitfalls of this type of organization and the benefits of investing in another organizational structure.
Talk To Our Lawyers About Your Business Formation Options
For additional information about business organizations or business planning, or to schedule a consultation with a knowledgeable member of our legal team, call our firm today at 716-849-6500 or contact us online.