A Limited Liability Company is an excellent corporate form often used to protect personal assets
1. Why Incorporate?
Incorporating a business provides a business owner with many advantages. A Limited Liability Compnay is an excellent corporate form often used to protect personal assets. Using the corporate form to protect personal assets is commonly known as the “corporate veil.” It is an important tool individuals can use to protect personal assets from the attack of business related creditors and other possible plaintiffs. There are many different types of business entities, including, but not limited to, C-corporations, S-corporations, limited liability companies(LLC), professional corporations, and professional limited liability companies.
2. What is the first step?
Thompson Law Group, PLLC encourage business owners to consult with an attorney and their accountant before choosing to transact business through a particular corporate entity to ensure the entity is tailored to fit that particular business’ needs to minimize personal liability exposure and maximize tax benefits.
3. Experience Matters
The attorneys at Thompson Law Group, PLLC have been representing small business owners since 2001. Thompson Law Group, PLLC provides various legal services throughout the life span of a business. We service clients from the creation of their corporate entities through the growth and eventual sale of their business. Our services include:
- Business Licensing
- Commercial lease negotiations
- Operating Agreements and Buy/Sell Agreements
- Asset Purchase Agreements
- Business Sales and Settlements
- Stock Purchase Agreements
- 501c3 non-profit organizations
- Corporate Registered Agent
- Franchisee Representation
- Business Litigation
- Business Dissolution
Feel free to contact Thompson Law Group, PLLC to discuss your business goals to determine which business entity is right for you.
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