You are ready to launch your business venture, but first you must address a few legal matters. One such matter is choosing your business structure, which can impact the future of your company – and even affect you personally.

Because the most suitable option is dependent upon your goals and circumstances, get personalized counsel at Levy Davis & Maher, LLP. We have practiced business law in New York City since 1977, and our experience informs every conversation we have with our clients. We can work with you to select the most advantageous entity type for your business.

How Do You Decide Which Structure Suits Your Company?

The main types of business entities include a sole proprietorship, a partnership, a limited liability company (LLC), a C-corporation or an S-corporation. While each type presents an array of consequences and benefits, they primarily differ in liability and ownership.

The key questions you must ask yourself during entity formation include:

  • With how many people would you be comfortable sharing ownership?
  • How much risk might your business face? Would you need a personal buffer from lawsuits?
  • In your situation, would it be worthwhile to prioritize tax advantages above minimizing other costs?
  • Which option compliments your vision of the business' future?

Until you consult your lawyer, the answers to these questions may not be clear. Levy, Davis & Maher, LLP, can assess your objectives and help you narrow the options to find the most appropriate entity type.

Begin Your Business With The Right Tools

In addition to entity formation, our New York legal team can stand by you throughout the life of your business. Whether you need to purchase commercial property or resolve a business dispute, we can help. Call 212-371-0033 or fill out our contact form to get in touch with a qualified attorney.