If you are considering starting a business or incorporating an existing business, choosing the right type of business entity is a crucial decision. C-Corporations, S-Corporations and Limited Liability Companies, to name some of the most commonly used entities, each have their own advantages and, sometimes, disadvantages depending on your particular industry, management structure and business needs. Incorporating helps you protect yourself from liability, but it can also help you save money in taxes if you choose the right entity to fit your particular business situation.
Entrepreneurs often believe that starting a new business is as simple as sending a check to the Secretary of State and filing a few pieces of paperwork. At a very basic level, creating your own business can be this simple. However, what many entrepreneurs creating their own businesses often overlook is what happens when you hire employees or want to add a manager and compensate that person with fractional ownership in your business. What happens to the business in the event the owner is incapacitated or dies unexpectedly?
Bedy Law can help you plan for these issues and a number of other common scenarios you could face as a business owner. With almost 20 years of business experience and having owned businesses of my own, I can provide you with the expertise to handle the multitude of issues you will face as business owner and entrepreneur.