Choosing the legal structure is one of the first decisions you have to make when starting a new business. When do you need to form a business entity? How do you decide between an LLC, an S Corp or a C Corp? When should you consider a different structure like an L3C, Benefit Corporation, B Corp, Coop or non-profit?
There are plenty of online services that will help you quickly form a corporation or an LLC. However, what they don’t tell you is that after the entity is formed, it is hard to make a change. Converting an existing entity has both legal and tax implications. It is much easier to select the right form of entity from the start.
We help clients consider the alternatives and choose the form of ownership that best fits their business strategy.