Chicago Business Lawyer On Choosing Entities

 

Anyone who has ever started their own business knows how tough it is. There’s an endless , or a seemingly never ending list of to-dos when starting your own business. From writing a bulletproof business plan to registering a business name and deciding on a business location while drafting a budget.

That’s why sometimes, when life throws you some sour lemons you want to reach out to Roth Law Group to quickly help you make some lemonade. All of our attorneys have the experience and knowledge you need by your side in a time of uncertainty. Your business’s future is on the line and we are eager to help your business flourish. We have dealt with every nook and cranny of small businesses and helped many jump hurdles too big to tackle alone.

If you are considering starting a new business in Chicago , there are many different factors you need to know. We believe that Chicago is a great place for a new business to grow and flourish . But we have to stress how important it is to make sure that your business follows the rules and legal procedures properly before getting too excited about the success of your business. You want to make sure that you know how to benefit from your business in the future by preparing everything in the present without flaws.

There are many entities your business can operate under, and it can be confusing to those who are not familiar with the various entities. We’ve listed them below:

  1. sole proprietorship
  2. general partnership
  3. limited liability partnership
  4. limited liability corporation

If you are already confused, please call us at 312 419 9599 someone of our very knowledgeable chicago business lawyer can help clear up what each of these different type of entities are. Also take advantage of the free consultation provided to you!

Of course if there was one overall winner out of these entity types we would most certainly share with you. However, each one of the entities have their pros and cons. That’s why you may want to consider having a lawyer who focuses on chicago business laws to see which entity would best suit your business.

We want to help you through this stressful time so you can be well rested for the next steps towards your business. However, if you are completely determined to outweigh the pros and cons on your own, we’ll share with you a list of factors you may want deeply consider:

  • Complexity
  • Liability
  • Taxes
  • Control
  • Capital investment
  • Licenses, permits, and regulations

If you are unsure how to weigh out the factors to pick the best entity for your business, reach out to us or read our blog on our cheat sheet of the factors to look at. Don’t be afraid to reach out to us at any given time, no matter how far you have gone on your own, we are here to fully commit our attention to your business to help you make the best choices for the future of your business.