Many people start a business with little thought as to how the business should be organized. Many businesses are sole proprietorships and partnerships. While there are advantages to these types of business entities, they may expose the owners of the business to personal liability. Personal liability means that creditors can execute against personal assets of the sole proprietor or partners, including wages, family homes, cars and other assets. Incorporating a business or creating a limited liability company may better serve sole proprietors and members of a partnership. Our law firm can help. The laws governing business organizations are complicated. Be sure you have competent representation before you proceed.
The form of business chosen for a business entity potentially affects every aspect of its operation. Our firm assists our clients in formation and business planning in deciding whether they want to operate as a closely held business, limited liability company, partnership, or corporation. We advise our clients about reorganization, trade association membership and activity, joint ventures, mergers, acquisitions, business successions, and shareholders’ rights.
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Carl P. Kasunic Co., LPA has four locations to better serve our clients.