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Soleiman Law Group Case Study

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Soliman Law Group - Avoiding common Business Start-Up Missteps

So you’re thinking about stepping off the ledge and becoming an entrepreneur? Soliman Law Group can help!

Owning your own business can be an exciting and rewarding adventure provided that you do some basic work on the front end to give yourself the best chance of a successful outcome; just like painting a room in your house, the end product comes out significantly better when you invest the upfront time to carefully tape moldings and cover your furniture. The same goes with your business. One of the first questions you’ll need to answer is “what kind of business structure am I going to use?” This is essential, as there are tax, liability and operational considerations with the various legal structures.

• Sole Proprietorships. A sole proprietorship is a very simple business structure with little to no legal documentation being …show more content…

If you are going to raise money from intuitional, angel or high net worth investors, a C Corporation is often used. C- Corporations can be formed under the state laws where the business is located or in another state, such as Delaware, where there are friendly corporate laws for Corporations. A shield is provided in a Corporation to the founders/investors against personal liability from creditors.

• S corporations. If you have less than 100 shareholders, this may be a good structure for you to choose. S corporations may have favorable tax treatment, (federal and state) as well.

Limited Liability Corporations. LLCs are effectively a hybrid of a corporation and limited partnership and may have some tax advantages over C corporations.

• Limited partnerships. These are often formed to hold investment real estate and also for private equity firms and hedge funds.

Call us at 888-400-0833, before you get too far into your new business so we can set you on a path where you’ve got your basic structure and its requirements fully

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