Starting a new business can be a very difficult venture and a complex one as well. The law permits a large array of business structures each with diffrent benefits and draw backs. It is extremely important that anyone intending to start their own business be fully informed as to what their options are.


   Sole Proprietership:
      
   The sole propietership is the most common form of business structure used by most small businesses. The positives of a sole propietership are that there is barely any paperwork needed to start one up, in some instances a DBA statement or business liscence which the owner can simply file themselves. The drawbacks of such a strutcure are various, however, any and all suits filed against the company are essentially being filed directly against the owner and all personal property may be attacked by any plaintiff suing for any damages associated with business practices, no matter how frivolous. The positives of a corporation, as opposed to a sole proprietership, are that the business owner can have piece of mind knowing that their personal finances are protected.

   If you would like further assistance with your business please click HERE.

   Partnership:

   The partnership is basically the same entity as a sole propritership except including more than one person. Generally partnerships are held together by a partnership agreement. 

   It is crucial to have experienced counsel assist you through this process and with this agreement, as this agreement could potentially have long term effects on how your company is run. 

   If you would like further assistance with your business please click HERE.

   LLC & LLP:

   The LLC and the LLP are rather new and hybrid business structures. They offer the protection of the corporation but the ease of a sole propietership. It is extremely important that you consult a professional as to whether this would be the best choice in business structure for you.

   If you would like further assistance with your business please click HERE.

   Corporation:

   Generally most corporations that are formed are what are termed 'Closed' corporations. This means that thy are owned by only a small group of individuals, and are not traded on any exchange (actually in many instances the transfer of shares is very limited by the Corporate Bylaws).

  The major reason for chosing a corporation as a business structure is the fact that it offers the ultimate protection for your own personal finances. Generally, if something goes wrong with your company your personal finances are protected from creditors of the corporation. 

  The drawbacks of a corporation are the fact that taxes must be filed quarterly, as opposed to yearly. This can become costly in some situations and is something to be considered in making the decision to start a corporation.

   One of the reasons why some businesses chose to incorporate is the fact that there is a great potential for making money in taking your company public. 

   If you would like assistance with your corporation contact us HERE.

   IPO/Taking your company public:

   Starting a corporation and having the security that this provides is enough for most clients. Some business owners however have higher ambitions for their business. The ultimate goal of some corporations is to get listed and traded on a public exchange through an Initial Public Offering (IPO). 

   The process of listing an IPO is extremely complex and requires close legal supervision, as does the regular maintenance of a corporation that is publicly listed. Our firm is highly trained and experienced in handling these cases and can assist you with every step of the process as well as provide you with all options and expertise to ensure that your listing goes flawlessly.

      Our firm also maintains strong contacts with underwriters and other professionals in the financial world to assit you with your listing.

      If you would like further information please contact us by clicking HERE.