Starting a new business is an exciting time. Seeing all you have worked for finally come to fruition is one of the most satisfying achievements in a business owner’s life. However, it is important to remember that with new ventures also comes a responsibility. Forming a company does not happen overnight. There is a lot of planning, and paperwork, involved in achieving your goals. If you are thinking about creating a Limited Liability Company (LLC) then you will need a guiding hand to show you the way. Learn exactly what a LLC is, and why you should hire a business litigation attorney to help you get started.
What Is a Limited Liability Company?
Many businesses decide that a Limited Liability Company is the right structure for them. An LLC is often favored because it is a hybrid of two different legal structures. It offers protection to business owners from being liable from business debts, much like a corporation. However, the losses and profits are reported on the owner’s tax returns as they would in a partnership or sole proprietorship.
How an Attorney Can Help
Forming your business entity is a huge undertaking. You will need help with everything from choosing the right name, to filing paperwork with the State of Florida. This is when an experienced attorney can help. A business litigation attorney knows the ins and outs of the legal system and will be able to streamline the business formation process. An attorney will help in:
- Protecting your interest
- Deciding if an LLC is right for you
- Filling state and federal paperwork
- Ensuring everything is set up properly
- Connecting you with reputable service providers
- Ensuring the best tax consequences of forming your business
Any kind of mistake in the business entity formation process will only set you back. Do you really want to put your dreams on hold because of a clerical mistake?
Get the Business Help You Need
Starting your own company is a serious business investment; do you really want to go in alone? With an experienced attorney at your side, you will not have to. At the Khonsari Law Group, we are dedicated to helping local businesses achieve their goals. If you are starting a business and are wondering if an LLC is right for you, come in today for a free consultation.