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Starting a business is an exciting endeavor for serial entrepreneurs and first-time business owners alike. In the eyes of the law, a business has many of the same rights and responsibilities as a person. It may buy, sell, and own property; enter into leases and contracts; and bring lawsuits. It pays taxes. It can be prosecuted and punished if it violates the law. With the guidance of a Miami corporate formation attorney, you can determine the best course of action for the future of your business.
Requirements for incorporation can vary from state to state. That’s why it’s crucial that you consult with a Miami corporate formation attorney to ensure you’re complying with all the relevant regulations. At J. Muir & Associates, our mission is to support you and your business throughout the entire process. We’ll provide sound legal advice on the entity that is right for your needs and goals, and make sure any necessary requirements are met.
At J. Muir & Associates, we provide solid legal support at every stage of your company’s development.
As a business owner, one of the most important decisions you will make is whether you will operate as a sole proprietorship or a limited liability company. There are advantages and disadvantages to both entities. By consulting with a Miami corporate formation attorney, you can get all the legal advice you need to decide the best option for your business.
With a sole proprietorship, there is no legal distinction between the individual and the business. While this type of entity is less costly and requires less formal paperwork, there are distinct disadvantages to bear in mind. If your business was incorporated, you would have some protection from personal liability in a lawsuit because of the “Corporate Veil.” When you operate as a sole proprietorship, the business is not legally separate from you and so you are likely to be personally liable for any judgment.
At J.Muir & Associates, we’re proud to be a part of your company’s journey at every step of the way. Whether you’re a small business owner or part of a large corporation, our dedicated team of experienced corporate attorneys stands ready to offer expert legal advice on all aspects of your company’s operations.
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