Early in their life cycles, startups are often strapped for cash, and you may think that you can take on the legal work yourself rather than hiring a lawyer for your start. An experienced startup attorney is a valuable asset to your business.
One of the most important choices you will make when forming your new business is which legal structure to choose from. The choices include LLCs, partnerships, sole proprietorships, corporations, non-profits, and co-operatives. The type of business entity you choose will depend on several factors such as liability, taxes, and compliance (red-tape); but the key is to find the best fit for your organization.
A C-Corp is the preferred entity for startups because it allows you to raise capital better than an LLC, has fewer restrictions than an S-Corp, provides you with tax benefits, and gives you personal liability protection.
Quality legal representation means that you can focus less on startup legal matters and more on the day-to-day running of your business. Call the Law Office of Elliott J. Brown today.
This startup checklist takes you step-by-step through the process of forming your startup and preparing your business for its first client.