Choosing The Right Small Business Entity Can Maximize Your Success
At O'Connell & O'Connell, P.C., Attorneys at Law, we have earned a reputation for our experience and efficiency, and this includes helping clients set up new small businesses. We have 40 years of legal experience to bring to bear on your business concerns.
We help new entrepreneurs and the owners of existing businesses understand the advantages of and costs of each type of business entity. Once we identify the entity that will maximize the profitability of your business, we can handle all the legal details of the initial setup or reorganization.
Contact us today at 508-281-1650 or by email to schedule a free initial consultation with a knowledgeable business startup lawyer. From our offices in Auburn, we serve clients throughout Worcester County and Massachusetts.
Lower Your Taxes And Limit Your Personal Liability
One of the most common tasks our team handles is the creation of holding companies for real estate investors. These are typically limited liability companies, but an LLC is not the only choice — or even the best choice for every investment group. The best business entity for you will depend on your management style, the tax advantages of each entity type, and the most effective way to protect you from being held personally responsible for business losses and debts.
At O'Connell & O'Connell, P.C., Attorneys at Law, we are committed to promoting the profitability of small businesses in Worcester County. We can help you analyze your needs and choose the most advantageous type of entity for your business startup.
Once you have chosen your type of entity, we will walk you through the paperwork and legal requirements. Depending on the entity, this could include choosing a name for the business, creating articles of incorporation or membership agreements, registering the company with the Secretary of the Commonwealth and a variety of other services.
The Most Advantageous Business Entity Can Change Over Time
Have you been running your business for a while? We congratulate you on your success and would like to help you continue to thrive. Many entrepreneurs do not realize the full implications of their choice of business entity. You may have been operating successfully as a sole proprietorship for years, assuming there was little to be gained by reorganizing.
There could be tremendous tax advantages to reorganizing a sole proprietorship into an LLC, a corporation or another business entity. Moreover, operating as a sole proprietor can expose you personally to financial liability for business debts, losses, workers’ compensation claims and lawsuits.
Starting A New Business? Considering Reorganization? Contact Us For A Free Consultation.
We invite you to contact us for a free consultation about starting or reorganizing your business. We will accommodate your needs with flexibility and provide free initial consultations. Call 508-281-1650 or complete the convenient online form below to schedule your meeting.