The Long-Term Benefits Of An Informed Corporate Formation
If you are starting a business in Kentucky, the legal steps you take at the very beginning will have significant ramifications throughout the life of your business.
At Robinson Salyers, PLLC, we handle a broad range of legal matters for businesses and individuals in Shelbyville, in Frankfort and throughout central Kentucky. Our lawyers are here to help you build your business on a strong legal and financial foundation.
Choosing The Right Business Entity
As you start your business, you will find there are many types of business entities, legal structures, to form your business. Two of the most common business entities are the limited liability company (LLC) and limited liability partnership (LLP).
The entity you select for your business will have a significant impact on a number of factors, including:
- How your business is taxed
- The personal liability owners will incur
- Allocation of rights and responsibilities
Our lawyers will work with you personally to gain an understanding of your business goals so we can help you choose the entity that best suits your purposes. This takes time, and a substantial conversation between attorney and client so that we make sure we give you advice that is right for the future of your business.
Rushing through the business formation process can be a big mistake. When things are properly organized from the outset, it’s a lot easier to avoid pitfalls that may arise in the future.
Talk To An Experienced Business Lawyer
Which business entity is right for your business? Our attorneys are here to help you make the right decision. We can also guide you through other business formation steps, like establishing governing documents and setting up a management structure.