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Business Formation

Forming a business could be the most onerous process entrepreneurs may experience, if they are not familiar with the legal entity structure. Each type of structure has its own benefits and considerations that are affected by the business' size, the number of owners and employees, the industry, and other variables. Each state passes its own business formation laws, and not all states allow for every type of business structure. This means that the requirements for forming a particular type of business vary from state to state The way in which your business is formed will determine the personal liability of the founders, how taxes are paid, and other important details. For example, a sole proprietor typically makes decisions on her or his own, while a partner in a partnerships must get approval from all other partners prior to making major decisions for the company. The main business legal structures are:

  • Sole Proprietorship

  • LLC (Limited Liability Company)

  • Incorporation (S-Corp, C-Corp)

  • Compare S-Corp, C-Corp, LLC

  • Nonprofit Organization  

  • General Partnership

  • LLP (Limited Liability Partnership)

  • LP (Limited Partnership)

Accountants on Air experienced team would save your  time and money forming a business the most efficient way possible, based on your needs and mission of forming a company. Our teams are well-versed in the needs of business owners and can help address common challenges throughout the lifecycle of your company. We will help you select the right legal entity, understand the relevant tax and liability issues, and guide you through the process of establishing your business. Whether you form a Single-Member LLC (Limited Liability Company), Partnership, S-Corporation, C-Corporation, Multi-Member LLC, or a Joint Venture, you will be guided to every step of the way.