PHAM & CLOVES, PLLC

Business Formation – What is the best entity? 

When forming a business, you must determine what type of entity to form. That is, will it be a partnership, an LLC, a corporation, a PC or simply a DBA? What type of business you form will largely depend on the amount of risk reduction needed. If your business potentially exposes you to a large amount of risk, perhaps you should consider forming a corporation or an LLC to shield you personally from that risk. If your business type carries little risk, maybe another type of entity will be right for you.

Some additional factors to consider when thinking about business entity formation could be the size of the business, the nature of the business, and the inherent risks of the business, if any. Deciding on the right type of business entity could save you time and money in the event you become exposed to litigation or other types of disputes. A consultation with an experienced business entity formation attorney will undoubtedly shed light on the proper entity to form. By choosing the proper business entity for your particular company, you will not only limit your liability and reduce the chance of personal liability, but obtain peace of mind that you have done all you can do to protect your business. To schedule a consultation, simply call 832-484-9015 to speak to a Veritas Legal Group, PC business entity formation attorney. Or, fill out our online contact form and an attorney will contact you within 24 hours.