Blog: Business Formation
- Choosing the Right Legal Structure for Your New Jersey Business
Sep 27, 2024
Factors to Consider When Setting Up a New Business You’ve decided you want to be your own boss. You have a plan for how to obtain financing, and you have a strong sense of your market and how to reach potential customers. One of the first things you’ll need to consider, though, is what legal form your business will take. Will you operate as a sole proprietorship, a partnership, a corporation, or a limited liability...Read More - Protecting Your Personal Assets with a Corporation
Feb 1, 2022
Shielding Yourself from Personal Liability When you are starting a new commercial enterprise and are evaluating the potential business forms, one of the more attractive features of the corporate form is that it provides protection of your personal estate from creditors or persons suing the business. As a shareholder in a corporation, you can only be liable to the extent of your investment, i.e., the amount you paid to purchase your shares of stock in...Read More - General Partnerships in New Jersey
Jan 4, 2022
The Advantages and Disadvantages You’re looking to start or build a new business, and have others you want to join you in the enterprise. Should you consider setting up your company as a general partnership? What is a general partnership? What are the advantages and disadvantages of the general partnership form? What Is a General Partnership? A general partnership is a legal arrangement between two or more people, by which they agree to share certain...Read More - Creating a Limited Liability Company in New Jersey—Part Two
Dec 2, 2021
Finalizing the Establishment of an LLC You’re embarking on a new business venture and you’ve decided that a limited liability company is the optimal form for your enterprise. You’ve selected a name that won’t interfere or unfairly compete with an existing business and you’ve appointed a registered agent to accept service of any legal papers or documents. There are just a few steps left to make your new commercial entity official. File with the State...Read More - Creating a Limited Liability Company in New Jersey—Part One
Nov 29, 2021
Taking the Steps to Properly Set Up a New Business Enterprise When you’re looking to go into business for yourself, one of the most important decisions you’ll need to make focuses on the legal structure of your business—do you want to operate as a sole proprietorship, partnership or other business form. If you’re looking for the protection of your personal assets, minimal tax burden and simplified creation and legal maintenance, a limited liability company, or...Read More - Choosing the Best Legal Structure for Your Business
Jun 15, 2021
Factors to Consider When Setting Up a New Enterprise One of the important considerations when starting a new business venture is the selection of legal form. Should you set up as a sole proprietorship, partnership, corporation, or limited liability company (LLC)? Here are some factors that should inform your decision. How Do You Envision Ownership and Management of the Business? Are you planning to run the enterprise yourself or with a few selected associates? If...Read More - Key Documents You Need When Starting a New Business
Nov 11, 2019
Take the Right Steps to Maximize Your Chances of Success Going into business for yourself will almost always be a bit nerve-wracking. There are seemingly endless details to which you must attend, and unknown factors will always have an impact on your enterprise. But when you start a business, there are a number of documents you should put in place to improve the likelihood of success. (These are in addition to the documents you must...Read More - An S Corporation or a Limited Liability Company
Oct 31, 2019
What’s the Best Business Structure for Your Enterprise? You’re planning on starting your own business. One of the first and most important questions involves your choice of legal form. For many new business owners, the choice often comes down to a subchapter S corporation or a limited liability company (LLC). What are they and what are the differences? What is a Subchapter S Corporation? Technically speaking, a Subchapter S corporation is not a type of...Read More