Which type of entity should I be filing?

That will depend on the nature of your business, how many others will be participating in the business with you, how you’ll be raising capital, your entrepreneurial objectives, the type of operation you want to run, tax considerations, personal liabilities, and the state(s) in which you’ll be operating.

Mr. Cohen will explore with you all of your plans and concerns about your new business entity in order to help you choose the best entity form for you, and the optimal structure for that entity. The best type of entity is different for every organization. One type does not fit all. Your priorities and concerns are unique. Mr. Cohen will discuss your needs and explain how the following factors may affect the type of business entity you choose:

  • Nature of the business
  • Number of owners and employees
  • Types of assets
  • Financial particulars
  • Amount of borrowings and liabilities

There are several other factors to consider before deciding how to form your business structure, whether a corporation, partnership, limited liability company, limited partnership, or an S-corporation. Each of these decisions will have a long-term impact on you and your business and should therefore be given serious consideration by you, your attorney, and certified public accountant.

Previous Page: Why would I consider an LLC or limited liability company form of business organization?

Next Page:I am planning on buying/selling a business. Can Mr. Cohen help me?