Choosing a Business Entity

There are several business entities to choose from:

  • Sole Proprietor
  • C-Corporation
  • S-Corporation
  • Non-Profit Company
  • 501 (c)3 Non-Profit Company
  • Limited Liability Company
  • Partnership
  • Limited Partnership
  • Family Limited Partnership

Choosing the right one depends on several factors:

  • Your Business Goals
  • Your Personal Goals
  • Tax Needs
  • The Type of Business You Have
  • Exposure to the Public
  • Who owns (or might possibly own) the Business
  • Inheritance Issues
  • Income Concerns
  • Asset Protection Needs

We will help you decide the right one using the combination of the above factors. We will then set you up in the right business including helping you with the various licenses and paperwork with the Federal, State and Local governments.

We will get your business on the “Fast Track” by setting it up as quickly as possible and giving you peace of mind that the legal issues are being taken care of.

Let us help you become successful in your business!

Note: The information given on this website does not constitute legal or accounting advice or opinion, and should not be relied upon for any planning purposes. it is provided solely and exclusively for general, non-specific educational purposes and to advise the reader of the nature of the services offered individually by my law firm. Planning of this nature is necessarily very circumstance-specific and therefore it would be dangerous to apply the very general rules described herein to any singular fact-pattern. Prudence demands that you consult with an experienced professional licensed in Virginia before attempting any of the planning techniques described herein. Additionally, the information given is not meant to be a substitute for legal representation. It provides general legal information to help people understand their legal rights but is not a substitute for personal legal advice from an attorney. however, laws change and individual circumstances vary. – Billy J. Seabolt, Esq.

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