Business formation is a do-it-right-the-first-time proposition. If you go straight for the forms sites and apply uniform procedures to what may be a unique business proposal, you risk personal liability. That is because all formalities required of businesses are critical to protecting your personal assets from commercial risk.
In your consultation regarding business formation at Ward Law, PLLC we will go over your intention and find the best business type for your trade. Types of businesses we may consider include:
- Sole proprietorship
- Limited liability companies (LLCs)
- Limited liability partnerships
- C Corporations
- S Corporations
Business types may be limited by profession, so it is important that all possible options are discussed along with any concerns you may have about liability. By knowing your business details and your personal considerations, we can balance those two for the best arrangement.
Ward Law, PLLC will file the required forms and ensure fees are paid. In the end, you will be a legitimate business registered in the Twin Cities metro area in Minnesota.
Business formation can go beyond the initial filed documents. If principals and partners are also involved, your enterprise requires additional agreements. You may also be buying a business from another individual and that transaction requires attention as well.
That is why buy/sell, partnership, and member control agreements are also considered in the Ward Law, PLLC business formation package. These steps are necessary to protect you from liability and preserve the financial and legal interests of your new entity.
If you are ready to take that step to business formation and ownership, contact Ward Law, PLLC in the Twin Cities metro area to start this process right.