In D.C., Maryland, Virginia & New York
Two of the primary concerns of most individuals contemplating starting a business are ensuring asset protection and protection from personal liability. At Bullock Law PC, we can help you determine the best incorporation strategy for your entity, as well as guide you in terms of the forms you need to get started with each state/area. Contact us today to get started with a consultation. Here are some of the different incorporation options:
Two of the common corporation types include S Corps and a C Corps, each of which can have distinct tax advantages for owners / shareholders. Though corporations generally have more formal record-keeping and reporting requirements, too. Forming a corporation ensures that you and other shareholders aren’t personally on the hook for company debts and liabilities.
Limited Liability Companies or LLCs are one of the easiest businesses you can startup and maintain. The owners of LLCs are called members, and their ownership is divided into membership interests. Depending on the income, you might see more tax advantages from an S Corp, but talk to us first and we can help guide you.
A general partnership is the most common type of partnership, in which all partners contribute to the day-to-day management of the business. A limited partnership is a relationship where one or more partners are known as “silent partners” and are not involved in the day-to-day management operations. If you’re interested talk to us about which may be right for you.
A sole proprietorship is a one-person business owned by an individual who also handles the operation of the business. For legal and tax purposes, you’re not a separate entity from your business, which means the business’ income is your income, but you’re also personally responsible for the debts and any liabilities. Contact us and we can you through your options.
We can help you understand your options to maximize your asset protection while limiting your personal liability.
We are sensitive to our clients' needs for optimum asset protection, as well as protection from liabilities. We can help you balance that depending your business type.
We'll explore your entity options and help you to ascertain which entity would best suit you and your new or existing business.
We'll help you carefully consider each possible entity type, including the cost of formation, ease or complexity of formation, formalities legally required to maintain the entity, transferability of the business interests/ownership, and tax consequences.
Contact us for a free consultation by filling in the form. Or you can visit us in person at:
Address
600 Maryland Avenue, SW
Suite 800 East
Washington, DC 20024
Phone
Office: 202-554-6000; Cell1: 202-437-2648
Fax: 202-318-2266
Email: [email protected]
Attorney at Law
600 Maryland Avenue, SW
Suite 800 East
Washington, DC 20024
Office: 202-554-6000
Cell: 202-437-2648
Cell2: 323-552-9650
Fax: 202-318-2266
Email: [email protected]
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