Your Business Formation Partner
Starting a business is an exciting venture. However, it also involves critical legal decisions that can affect your future success. One of the most important steps is choosing the right business structure, as this decision impacts your liability, taxes and daily business operations. Working with a knowledgeable business formation attorney can help ensure you make informed choices, file the correct paperwork and comply with all regulations.
At Blackburn & Donnelly, LLC, we help entrepreneurs and small business owners throughout Connecticut and build a solid legal foundation for their businesses. Our team of attorneys understands the complexities of business formation and works closely with each client to tailor a strategy that aligns with their goals. Whether launching a new venture or restructuring an existing one, we are here to guide you through every legal detail with confidence and clarity.
Types Of Business Structures
Here is an overview of the most common options:
- Sole proprietorship: Owned and operated by one person. It is a simple setup but has no liability protection.
- Partnership: Includes General, Limited and Limited Liability Partnerships. It is great for shared ownership but requires a clear agreement.
- Limited Liability Company (LLC): Combines liability protection with flexible tax options. Popular among small business owners.
- Corporation (C-Corp and S-Corp): Offers strong liability protection and potential for growth but with more formalities.
- Non-Profit Organization: Designed for missions rather than profits, with specific tax exemptions.
Choosing the right structure depends on your vision, resources and risk tolerance.
Key Factors To Consider When Forming Your Business
When deciding how to structure your business, it is important to evaluate several critical elements:
- Liability protection for owners
- Tax responsibilities and advantages
- Who will manage and own the business
- Funding and investment opportunities
- State and local legal requirements
Thinking through these aspects now can save you time, money and stress later.
Why You Should Work With A Business Formation Attorney
There are clear advantages to hiring a lawyer during the start up or reorganization phase of your business:
- Prevent costly legal mistakes
- Receive guidance tailored to your unique goals
- Help ensure full compliance with laws
- Protect your personal and business assets
- Plan for tax efficiency
An experienced attorney does not just form your business; they help set it up for success.
Contact Us
If you are forming or restructuring a business in Connecticut and , congratulations! Our legal team at Blackburn & Donnelly, LLC is ready to help. Call our office in Windsor Locks at 860-292-1116 or reach out online for a consultation, and let us take the next step together.