How you form your business—its legal formation and organization—plays a vital role in your long-term success. The right business formation choice can afford you the best possible position for tax breaks and benefits and make business growth easier. Your choice of business entity (LLC, S-Corp, etc.) influences how the company is structured, how conflicts and disputes are resolved, and how your finances will be managed. The correct business formation can also shield you from personal liability, should the worst happen and your company get sued. Our Montana company formation lawyers can guide you to the right entity for your enterprise and goals.
At Silverman Law Office, PLLC, we take the time to get to know you and your business goals. We have decades of combined experience helping clients establish their companies and addressing the legal concerns that crop up in the formation and operation of a company. We are invested in your success and utilize our extensive knowledge of Montana and federal laws to benefit you. Contact us today to get started.
Montana Company Formation Lawyer Helping You Choose The Right Business Entity
Whether you are a veteran business owner or a novice entrepreneur, selecting the appropriate business entity is one of your first critical decisions. The choice you make results in long-term ramifications for your business and dictates how the company functions.
There are several prominent types of business entities in Montana. Each one has benefits and drawbacks, and as your business attorney, it’s our job to explain these to you and how each one could affect your business operations so you can make the right decision to align with your goals.
Limited Partnerships (LP): Some participants in this business type are “limited partners,” acting exclusively as investors without input into running the company. The participants who both own and operate the enterprise are referred to as general partners and assume the liability for the enterprise. If you need to raise capital, this is a good option, as the general partners can maintain the smooth operation of the company, allowing limited partners to come and go.
Limited Liability Companies (LLC): LLC owners are personally protected from liability. LLCs have flexible taxation options and do not have the same regulatory and reporting requirements as other types of entities.
C corporations: Shareholders do not hold personal liability and may be eligible for significant tax breaks. However, there are strict reporting and corporate management rules for C corporations.
S corporations: Owners do not have personal liability, although there are considerable corporate management and reporting requirements. Shareholders can avoid double taxation.
Once you’ve selected the appropriate business entity, our attorneys prepare the proper paperwork for filing. We handle all the legal matters necessary to form the corporation and advise you of any potential issues to be aware of.
Legal Support For Your Business’s Growth And Success
At Silverman Law Office, PLLC, we can help you with all the documentation, licensing, and regulatory requirements necessary for the entity you choose. If you choose a corporation as your business entity, then our Montana company formation lawyers can help establish the company bylaws and assist with the reporting requirements. We can also help with other legal issues for your business, including reviewing and drafting contracts and answering questions about employment law. We have comprehensive resources available to help make your entrepreneurial venture successful—call us today.