Business Formation Attorneys

Types of Business Formations

When starting your business, you’ll have many options to choose from. At Buzgon Davis Law Offices, our entity formation attorneys understand the ins and outs of business law and are ready to help you select the perfect strategy for your needs. Here’s a look at the areas we have experience in:

• Sole Proprietorship: A sole proprietorship doesn’t require any paperwork or registration, making it extremely simple to set up and file taxes for. This legal business formation option is generally used for a single person operating as the sole owner and operator.
• Limited Liability Company (LLC): LLCs are state-regulated entities offering an assortment of liability protections and tax advantages. Fewer compliance regulations govern them, allowing owners to choose how the IRS will tax their business.
• General Partnership: A partnership is a business or firm owned and run by two or more partners. Like a sole proprietorship, multiple owners of a single business don’t have to register a general partnership with the state. Under this entity, partners divide the profits and losses among themselves and hold each equally liable.
• Limited Liability Partnership (LLP): An LLP is a more formal configuration of a general partnership and provides partners with increased protection against the actions of the other partners. This type is common in law, accounting and medical practices.
• C Corporation: C corporations are independent legal entities that exist separately from the owners and decrease your shareholders’ personal liability. They must adhere to more laws and regulations, yet they can help organizations take advantage of more tax deductions and lower self-employment taxes.
• S Corporation: While similar to C corporations, S corporations are used when corporations want to pass their income, losses, credits and deductions through their shareholders’ tax returns. These “pass-through entities” are generally more expensive to create but are worth it for businesses wanting a corporate structure with impressive tax flexibility.

How Buzgon Davis Can Help

Your first steps in creating a business are the most important. Working with an experienced law firm like Buzgon Davis ensures you have all the information you need to find the right path. We work closely with all our clients to understand their businesses, services and needs. With this information, we can then proceed to advise them through the entity selection process.

Our legal business formation lawyers have been serving Lebanon County since 1955, counseling professionals about how to best achieve their business goals. Our professionals receive top-of-the-line education, training and experience to provide our clients with dependable representation. We approach every situation with a team-oriented focus, meaning you’ll always have access to our entire team of entity formation attorneys when you need them most.

Get in Touch With Our Business Entity Attorneys

Whether you’re interested in opening a sole proprietorship or an S corporation, you can trust the Pennsylvania corporation law attorneys at Buzgon Davis to support your endeavors. Our decades of legal experience in Lebanon County position us as the finest law office in the area, and we are ready to guide you through the exciting time of starting your business.

Submit our online contact form or call us at (717) 467-4994 to schedule your appointment today.