Selecting the legal structure for your small businessDiscusses the three principal types of small business structures. Proprietorship; Partnerships; Corporations; Advantages and disadvantages.Business Press
A smallbusinessis a for-profit company that typically has fewer than 500 employees and generates lower revenue compared to larger businesses. You can structure your small business as a corporation, partnership, LLC, or sole proprietorship. Registering as a small business opens up opportunities for f...
1. Choose your business structure There are four types of business structures your new venture can have: sole proprietorship; partnership; corporation; and co-operative. Each one has varying levels of legal complexity and paperwork associated with it. Study the advantages and responsibilities of each...
The IRS automatically considers you a sole proprietor if you start a business and don't register it as a separate legal entity. With a sole proprietorship business structure, you can still register a trade name for your organization. However, you won't have the same access to loans and inve...
From growth goals to funding, here's what you need to know to tell the difference between a startup and a small business.
Here to help companies create, grow and realise their value. Our lawyers specialise in all the elements needed to structure a business for success. Key Contact Jennifer Hirst Senior Associate Entrepreneurs & Startups Supporting start-ups through every stage of their growth and development. Legal ad...
What legal structure is best for my business? The right structure depends on your business goals, risk tolerance and tax needs. We can help you explore options like sole proprietorships, LLCs and corporations, ensuring the choice fits your business and growth plans. Learn more about how we ca...
Federal, state, and local regulations mandate small business owners remain in compliance to continue operating legally. Maintaining legal compliance requires the prompt filing of certain reports with the government, as well as staying current on any licenses or permits used by your business. ...
Justin Griffin, small business lawyer in Richmond, Virginia (VA). Serving small business and startups. Virginia Small Business Law attorneys are available, predictable, and customer focused.
If your business is not registered with a government agency, the list below will help you determine which document is needed based on your legal business structure. If the document you provide to verify your business does not accurately reflect the physical address of your business, you will nee...