BUSINESS FORMATION

Whether you’re an individual setting up your first company or a seasoned entrepreneur, you need expert legal advice when forming your business entity. Entity types all have advantages and drawbacks. Goings Legal works with you to determine which entity most aligns with your goals and works to your advantage.

Goings Legal offers expertise in:

• business strategy
• business formation
• nonprofit formation
• bylaws, operating agreements, and shareholder agreements

What is a business entity?

A business entity is the structure your business takes, such as sole proprietorship or corporation. Depending on the entity type, a business can be separate from the owner or tied to them personally.

What entity am I?

If you haven’t taken the steps to form a separate entity, the default structure is sole proprietorship.

Do I need a separate entity?

It depends. There are benefits to separating the business entity from you personally, but whether this is the correct move depends on your preferences.