Choosing the Right Entity for Your New Business.
Forming a business is difficult. On top of concentrating on what will make or break your business, you also have to consider the type of legal business to form. Making the correct decision requires careful thought.
Some questions you may have to consider are:
- Where should I incorporate (hint: it may not always be Florida)?
- Should I choose a pass through entity for tax purposes?
- Am I, or all of the owners, United States citizens? Are they even required to be? There are lots of visa options for foreign business owners.
- Will I want to have voting and non-voting owners?
Each of these issues depend on several factors that should be discussed with an attorney well-versed in issues concerning corporate law.
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