If you are considering the idea of starting a new business, you need to choose the appropriate business structure. The right business structure will help to safeguard your interests, create a firm foundation for your business as it grows and potentially minimize the tax burdens.
Most people are looking for legal advice or choosing templates and forms that will simplify their business formation process. A New Jersey Business Formation Lawyer can help you draft documents, handle business-related legal activities, and protect your interests. The legal team at Omni Law, P.C., can help lay the foundation for your business entity.
Why Choose Our Business Law Firm?
When you choose a business law firm, you may consider various factors that will ensure legal needs are effectively met. The key aspects which you can consider while choosing us are as follows:
- Experience and knowledge
- Communication and Responsiveness
- Alex Davis and his associates have a combined 15 years of experience
- Cost Transparency
- 4.7 Google Ratings
While the above referenced evidence is a testament to our firm’s skills and qualifications, results may vary depending on your particular facts and legal circumstances.
Choosing The Right Business Structure
While starting a business, it is important to choose a business model that will be the best fit for you. Omni Law P.C., will analyze your current situation and choose a business structure that may limit your liabilities and protect your assets.
- Sole Proprietorship – Sole proprietorship are responsible for all the taxes, debts, and liabilities. In other words there is no distinction between the business and the person; i.e. the person is the business. As such, there is no liability shield when it comes to a sole proprietorship.
- Partnership – In a partnership, partners are responsible for their own income and for the debts of the business. In the event that one partner makes a wrong business decision, the other partner may also be liable. An experienced business formation lawyer will help to draft documents that will safeguard your business and the involved partners.
- Corporations – One of the main advantages of corporation formation is that there is limited personal liability. The corporations are responsible for their own debts and income tax forms. You need to follow specific rules and regulations to start a corporation.
- Limited Liability Companies – An LLC can help business owners protect their company from liabilities that arise in the ordinary course of business. An experienced business lawyer can help you understand the tax and legal benefits that come with starting a limited liability company.
Other Possible Business Structures
It is important to understand the risks and benefits that are associated with each type of business entity before you choose the one that is right for you. Some possible business structure includes the following:
- S Corporation
- Professional Corporation (PC)
- Limited Liability Partnership (LLP)
- Limited Liability Company (LLC)
- Joint Ventures
Contact New Jersey Business Formation Attorney for a Consultation Today
Along with choosing a business structure, there are legal documents which may be filed and properly drafted while starting your business. A Jersey City Business Formation Lawyer will provide you information with regard to each legal step required to start a business. Schedule a consultation with the business attorneys at Omni Law, P.C., by calling 323-987-6264 to get legal advice on how to begin your business.
Alex Davis
Alex Davis is the founding member of Omni Law P.C. His practice focuses on providing high level strategic advice and guidance on deal structures, negotiating complex transactions, and offering personalized legal services.
Kathy Fox
Maclean Bowers
Contact Omni Law P.C. for Transactional, Business, and Corporate Legal Services.
Seeking knowledgeable guidance for your business? Omni Law P.C. focuses on providing flexible and affordable legal services to businesses, executives, and founders across various industries. Our experienced attorneys have a deep understanding of corporate transactions, intellectual property, commercial agreements, and emerging technologies We offer businesses the outside counsel they need to succeed. Whether you require assistance with contract negotiation, trademark registration, or mergers and acquisitions, we provide strategic legal advice tailored to your unique needs. Contact us today at (323) 300-4184 to see how we can provide the legal support to help you achieve your business objectives.
Schedule a Call