Entity Formation

Entity Formation

Choosing the Right Business Entity

Your choice of business entity will impact much more than the future of the business itself. While laying a foundation for success and protecting you from liability are certainly the most prominent components of business formation, there are other issues to consider.

Does your choice of business entity provide optimum tax protection or does it open the door to serious tax-related repercussions? Is the business asset protected from outside attack such as you losing your business due to a lawsuit over a car accident? Does your business protect you personally from liability that arises inside the business? Is your business plan integrated into your estate plan? These are all questions to consider.

Business Entity Options

There are a wide range of options available, including:

• Partnerships
• Family Limited Partnerships
• Limited liability companies (LLC), including Series LLCs
• Corporations
• Sole proprietorships

Our process begins by getting to know your business. Only after learning about your business, your industry and your goals for the future can we customize recommendations to your needs. We will take great care when helping you determine the appropriate entity, and we will design that entity for tax protection, to reduce audit risk, for liability protection and more. We will help you take steps to decrease the likelihood of both business and personal audits. We will use our experience to position you and your business for success.

MMPE LAW can also assist in the creation of family limited partnerships, family limited liability companies and other business entities which may be a valuable tool for your estate planning and asset protection needs.

Non-Profit:  Nonprofit organizations are thwart with regulatory compliance issues.  We can help with everything from proper entity formation through obtaining a tax exempt status.  Our lawyers are able to sit at the board table with you and help you and your board ensure that you are at the top of your game.

General Counsel:  Sometimes you just need an attorney on staff but it doesn’t work with a small business budget.  MMPE Law is your solution.  We can serve as your general counsel.  Let us review your contracts, research your regulation issues, navigate employment matters and help with whatever other issues pop up.  We are here to help.