{"id":206,"date":"2016-01-28T12:00:27","date_gmt":"2016-01-28T12:00:27","guid":{"rendered":"http:\/\/amerilawyer-blog.local\/?p=206"},"modified":"2025-05-27T16:42:29","modified_gmt":"2025-05-27T20:42:29","slug":"what-type-of-business-entity-will-you-form","status":"publish","type":"post","link":"https:\/\/www.amerilawyer.com\/blog\/business\/what-type-of-business-entity-will-you-form","title":{"rendered":"What Type Of Business Entity Will You Form"},"content":{"rendered":"<p>Of all the choices you make when<span style=\"color: #000000;\"> <a style=\"color: #000000;\" href=\"http:\/\/amerilawyer.com\/\" target=\"_blank\">starting a business<\/a><\/span>, one of the most important is the type of legal structure you select for your company. Not only will this decision have an impact on how much you pay in taxes, it will affect the amount of paperwork your business is required to do, the personal liability you face and your ability to raise money. With so many choices of type of formation such as a <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"http:\/\/www.amerilawyer.com\/form_a_limited_liability_company\/limited_liability_company.htm\" target=\"_blank\">C Corporation<\/a><\/span>, <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"http:\/\/www.amerilawyer.com\/form_a_sub_chapter_s_corporation\/sub_chapter_s_corporation.htm\" target=\"_blank\">S Corporation<\/a><\/span>,<span style=\"color: #ff0000;\"> <a style=\"color: #ff0000;\" href=\"http:\/\/www.amerilawyer.com\/form_a_limited_liability_company\/limited_liability_company.htm\" target=\"_blank\">LLC<\/a><\/span>, <span style=\"color: #000000;\"><a style=\"color: #000000;\" href=\"http:\/\/www.amerilawyer.com\/form_a_general_partnership\/general_partnership.htm\" target=\"_blank\"><span style=\"color: #ff0000;\">General and Limited<\/span> <span style=\"color: #ff0000;\">Partnerships (LP)<\/span><\/a><\/span>,<strong> it is important for entrepreneurs to evaluate the following main criteria<\/strong>:<\/p>\n<ul>\n<li><b>Legal Liability<\/b> \u2013 to what extent do you need to be insulated from legal liability?<\/li>\n<li><b>Taxes<\/b> \u2013 what are the opportunities to minimize taxation based on your situation?<\/li>\n<li><b>Cost of Formation and Administration<\/b> \u2013 State filing fees and record-keeping vary from state to state and type of entity.<\/li>\n<li><b>Flexibility<\/b> \u2013 a maximize the flexibility of the ownership structure by considering the unique needs of the business.<\/li>\n<li><b>Future Needs<\/b> \u2013 you must plan for uncertainties such as disability or selling your business.<\/li>\n<\/ul>\n<div id=\"attachment_486\" style=\"width: 377px\" class=\"wp-caption alignnone\"><a href=\"www.AmeriLawyer.com\" target=\"_blank\" rel=\"attachment wp-att-486\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-486\" class=\"wp-image-486\" src=\"http:\/\/amerilawyer-blog.local\/wp-content\/uploads\/2015\/04\/Entities.jpg\" alt=\"Entities\" width=\"367\" height=\"232\" srcset=\"https:\/\/www.amerilawyer.com\/blog\/wp-content\/uploads\/2015\/04\/Entities.jpg 600w, https:\/\/www.amerilawyer.com\/blog\/wp-content\/uploads\/2015\/04\/Entities-300x190.jpg 300w, https:\/\/www.amerilawyer.com\/blog\/wp-content\/uploads\/2015\/04\/Entities-144x91.jpg 144w\" sizes=\"auto, (max-width: 367px) 100vw, 367px\" \/><\/a><p id=\"caption-attachment-486\" class=\"wp-caption-text\">Types of business entity<\/p><\/div>\n<p>These are only the primary criteria for most business\u00a0owners, your personal and business situation may have to involve the analysis of more criteria in selecting the appropriate business entity. The advice of a trained corporate lawyer should not be ignored when making such a decision.<\/p>\n<p><strong>If you are a member of Spiegel &amp; Utrera, P.A.\u2019s <a href=\"http:\/\/www.amerilawyer.com\/general_counsel.htm\" target=\"_blank\">General Counsel Club<\/a> and have any questions about what type of business entity you should form, call (800) 734-9900 or\u00a0<a href=\"mailto:clubassist@amerilawyer.com\">clubassist@amerilawyer.com<\/a> for assistance. Remember, as a member of the \u00a0General Counsel Club, you receive unlimited legal, business, credit and tax advice all year long.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":null,"protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,72,6,49,7],"tags":[73,26,56],"class_list":["post-206","post","type-post","status-publish","format-standard","hentry","category-business","category-entrepreneur","category-legal-services","category-llc","category-taxes","tag-entrepreneur","tag-legal-services","tag-llc"],"_links":{"self":[{"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/posts\/206","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/comments?post=206"}],"version-history":[{"count":1,"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/posts\/206\/revisions"}],"predecessor-version":[{"id":25377,"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/posts\/206\/revisions\/25377"}],"wp:attachment":[{"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/media?parent=206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/categories?post=206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.amerilawyer.com\/blog\/wp-json\/wp\/v2\/tags?post=206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}