Our Business Formation Legal Services in The San Francisco, CA Area Include
- C Corporation
- S Corporation
- Professional Corporation
- Limited Liability Company (LLC)
- Limited Liability Partnership (LLP)
- Limited Partnership
- General Partnership
- Joint Venture
- Non-Profit Corporation
A corporation or LLC offers many advantages including protecting personal assets, reducing tax burdens (in some cases), providing group health insurance plans and pension plans and creating a perpetual business entity that makes it easier to raise capital, finance and sell. Whether incorporation is right for your business depends on a number of factors and the ultimate decision is best made after consultation with an attorney and accountant.
Generally, the size of a business is an important consideration. Businesses with a large number of employees, multiple owners and a significant capital investment will find that incorporation most often offers significant benefit. Smaller businesses are more likely to benefit from an S-Corporation, LLC, or even sole proprietorship. The tax and limited liability advantages are generally less advantageous to the smaller business. The tax differential to single owners is most often negligible or non-existent and new business owners that incorporate may find that their personal guarantee is still required for financing. Given the expense and time-consuming nature of maintaining important corporate formalities, operating a sole proprietorship with adequate insurance is all that the small business owner may need.