Proper entity formation is a key consideration for every business owner. Choosing the appropriate business entity at the start can save a business time and money, and best prepare for the future. Orange County business lawyer Daniel Nguyen wrote an article featured on AMEX Open Forum that addresses these issues.
The article discusses the pros and cons of selecting a sole proprietorship, corporation, or a Limited Liability Company (LLC), and specifically focuses on personal liability to owners, tax considerations, and costs.
If you or someone you know is a business owner, or is starting a business, be sure to include entity considerations in your Business Plan. Discuss your concerns and priorities with a trusted business attorney before making any decisions to get you on the path to success.