We Can Help You Choose the Business Model That Works Best for You
When it comes to starting a new business, there are plenty of things that new and experienced entrepreneurs alike should take into consideration. Chances are you already have a business plan in place that outlines what your company will do when it comes to meeting your clients’ needs – but have you considered how your business structure will affect its day-to-day operation or tax obligations?
At Greenberg Bitton LLP, we can guide our clients through the business entity selection process to help them achieve the optimal structure for their business. Our process is a personalized one that takes your business goals into account with the tax and personal liability consequences you are willing to assume. By considering all of these factors, we can help you realize your vision by creating the legal framework for your new company.
For more information about how our entity selection attorneys in Beverly Hills can assist you, reach out to Greenberg Bitton LLP for help by contacting us online or calling (877) 829-5294.
Selecting the Entity That Is Right for You
Business entities are often formed after one of four basic types of business structures. These include sole proprietorships, partnerships, limited liability companies, and corporations.
Each type has its own consequences for your personal liability for its debts as well as varying tax considerations:
- Sole Proprietorships are generally indistinguishable from their owners. Business income is reported on your personal tax return, and you retain liability for all of your business debts.
- Partnerships are formed among two or more people who divide their company’s profits and share its debts, but a limited liability variant is available to protect partners’ liability relative to their investment in the company.
- Corporations generally form as C or S corporations. The former separates personal and business assets of the owners, which is true for the latter, but S corporations have different tax rules and a limited number of allowed shareholders.
- Limited Liability Companies are generally considered a hybrid of a partnership and a corporation in that they protect their owning members’ personal liabilities for the company’s losses but allows them to benefit from its profits.
After learning more about your business objectives, we can advise you on which type of structure may be most suited to help you achieve them. Once you have decided on how you wish to establish your company, our business formation attorneys in Beverly Hills can help you create and file the necessary paperwork for licenses, permits, formation documents, partnership/membership agreements, and more.
Understanding Your Entity’s Tax Consequences
The legal structure of your business also determines how much you will pay in taxes and which opportunities to minimize your company’s exposure to taxation are available. Because of this, choosing a structure should not be taken lightly or done without legal guidance from an experienced and knowledgeable attorney, like ours at Greenberg Bitton LLP.
Whether you need help selecting potential business entities or already have a few possibilities in mind, our entity selection attorneys in Beverly Hills can help you make sense of the tax liabilities you will assume as a business owner.
Start Your Business with Our Assistance
The attorneys at Greenberg Bitton LLP are dedicated to providing each client with the personalized experience they need when it comes to choosing a new business entity. Your business goals can inform us of the kind of levels of tax and personal liability you are willing to assume for your company. With this input, we can advise you of the business entities and options available that can help you move forward.
For more information about what Greenberg Bitton LLP can accomplish for you, please reach out to us and schedule a consultation. During this meeting, you will have an opportunity to learn more about how our services can help you fulfill your needs.
Our Differentiating Principles
Effective representation and communication are improbable when overburdened with clients. Calls go unanswered and unreturned, and clients end up feeling frustrated and abandoned. Our firm never overloads our attorneys. Our clients deserve excellent representation and consistent communication.
Honesty and Integrity
Our firm will give you an honest assessment of your legal needs. Our approach is to help educate potential clients so that they can resolve simple matters on their own. If your matter can be resolved with one phone call, we will tell you.
Competitive Legal Fees
We believe in transparent pricing and aim to provide legal representation for a competitive, fixed fee whenever feasible. Call us today for a proposal regarding your legal matter.
Multifaceted Experience and Approach
Our attorneys have extensive experience in their respective practices, and work together to bring our clients a comprehensive solution to their legal needs.
“Long story short GBLLP are the
- Ryal L.
“Professional and detailed.”
- David J.
“Took the time to listen to my
situation and even told me exactly
what I should do to resolve the
problem on my own.”
- Konstantin K.