Each choice has advantages and disadvantages. My practice can advise small businesses on the type of business organization that is best suited to their needs. If a Partnership or Limited Partnership is selected, the owners should have a Partnership Agreement drafted for them. This provides the basic rules for operating the partnership and governing the relationship between the partners. It is important to have this agreement so that disputes can be avoided or resolved without costly litigation.
Corporations are more complex than Partnerships but offer many advantages.
My office can assist in drafting all corporation documents including Articles of Incorporation, By-laws, periodic filings and Shareholder Agreements. Franchise-related matters are also charged on an hourly basis as their complexity varies widely. Please feel free to contact my office for more details. I will be happy to answer any questions you may have and quote you my flat fees and hourly rate.