There is no single right or wrong answer for all startups. Though forming a corporation or limited liability company may cost more and is more complex (compared to a sole proprietorship) it can provide valuable protection to the owners’ personal assets and will allow the flexibility to bring in outside investors or secure the most favorable tax rates.
Our experienced business attorneys will explain the pros and cons of different business structures to help you determine what’s best for your business. Your first choice in legal structure isn’t necessarily permanent. As your business matures or changes, an experienced lawyer can advise you on converting to a different business form if necessary.