When you decide to form a new business, one of the biggest decisions is what type of entity you should form.
Forming a new business is exciting, but it is also a decision that should be taken very seriously. The type of entity you form will directly impact the operation of your business. Tax liability, personal liability, and the structure of your business will all be affected by the type of entity you choose.
Your personal vision for your new business should be taken into consideration when you make this most important choice. Our Tampa attorneys help entrepreneurs like you choose the right legal entity for your situation and answer any questions you have about asset protection, tax liability and the benefits of each type of business.
Having a competent, experienced business lawyer walk you through the process of forming your new business will ensure a strong foundation. Business entities include:
- General Partnerships: In a Florida, general partners share personal responsibility and liability for the business.
- Corporations (including S-Corporations and C-Corporations): A corporation safeguards personal assets.
- Limited Liability Companies (LLC): A Florida LLC combines some of the attributes of a corporation and a partnership.
- Limited Liability Partnerships (LLP): A Florida LLP is a limited liability entity with at least two partners.
Each of these entities has its own benefits, limitations and protections, which will directly impact your Florida business. Certain requirements must be met to keep some of those protections in place. Our Tampa business attorneys can help you form your entity correctly and ensure that you meet the requirements to maintain its protections.
Tampa Business Lawyers
At Lieser Skaff Alexander, we are well-versed in all matters relating to business law and business litigation. Should you choose to be represented by our firm, you will be able to trust that you have an attorney on your side who is interested in the details. We have worked at some of the largest and more prestigious law firms in Florida, and we are now proud to bring our services to you.
To schedule your initial case evaluation, please feel free to contact our business formation attorneys from our firm today.