Business Formation

Realize your dream of starting a business with our business formation attorneys
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Business Formation Attorney In Miami, Florida

Getting Your Business Off On The Right Foot

At Troy and Schwartz, LLC, we understand that transforming your dream into a tangible business involves considerable risks. While we might not be able to assist with operational challenges, we can certainly shield your venture from potential legal pitfalls in the realm of business formation. Our well-versed team of business formation attorneys can guide you in selecting the most appropriate legal framework for your unique circumstance. With a history of aiding businesses to establish on a solid legal foundation, we stand a chance to significantly contribute to your success. Begin your entrepreneurial expedition with us today!

Contact Troy and Schwartz, LLC to schedule a consultation with a lawyer today. 786-808-1490

What Type of Business Structure Should I Choose – Corporation or Partnership?

Choosing the right structure for your business is a critical decision that can have long-lasting implications. If your business harbors a high risk factor and includes shareholders, you might consider a corporation as a safe bet. In such a setup, shareholders are shielded from losing their personal assets beyond their investment in the company. On the other hand, partnerships can be a gamble. In a general partnership, each partner is held accountable for the company’s debts and their partners' actions. However, a limited partnership offers a contrasting picture, where limited partners are not responsible for the company’s debts, but this structure mandates that one partner stays liable for the partnership’s debts. These decisions should not be made lightly or without adequate legal counsel.

Are There Any Other Structural Options for My Business?

Susan Troy, a seasoned Business Law attorney based in Miami, Florida, is part of the renowned legal team at Troy and Schwartz, LLC. For smaller startups exploring structural options, the limited liability company (LLC) often emerges as an appealing choice. LLCs enjoy the liability protection similar to corporations, coupled with the flexibility to decide how to distribute their profits. They also have the advantage of opting for pass-through taxation – incurring individual income taxes rather than the typically higher corporate tax rates. Susan and the team at Troy and Schwartz, LLC, are ready to guide you in determining the most suitable structural option for your startup. Contact them today to schedule a consultation with one of their esteemed attorneys.

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