BLUCHER LAW GROUP, PLLC
Business Formation
READY TO FORM AN LLC, S-CORP, OR NON-PROFIT IN FLORIDA? LOOK NO FURTHER, WE CAN HELP!
Our firm will assist you with all your needs to start your business, from filing to maintaining. We will discuss the different options available to incorporate your business, costs involved, documents necessary for filing, etc.
WE PREPARE YOUR ORGANIZATIONAL DOCUMENTS:
- Operating Agreement
- Joint Venture Agreement
- Articles of Organization
- SS-4
- Tax Entity
- Registered Agency
WHAT IS...?
A SOLE PROPRIETORSHIP:
- simplest and most common structure chosen to start a business
- an unincorporated business owned and operated by one individual with no distinction between the business and the owner
- when not operating under the owner’s legal name, must be registered under a fictitious name
A LIMITED LIABILITY COMPANY (LLC):
- is slightly different than a corporation
- offers limited personal liability like a corporation
- is not required to hold regular stockholder or management meetings, and there are no necessary requirements to comply with other corporate formalities
- determined by operating agreement and organization documents
A PARTNERSHIP:
- exists when two or more people co-own a business and share in the profits and losses of the business
- Each of the co-owners/partners contributes something to the business, such as money or real property
A GENERAL PARTNERSHIP:
- the rights and responsibilities are divided equally among the partners
- partners are referred to as general partners
- each partner can act on behalf of all the partners
- each partner is responsible for the partnership’s debts and obligations
A LIMITED PARTNERSHIP:
- integrates both, general and limited partners
- allows each partner to determine and/or limit their personal liability
- limited partners are not responsible for the partnership’s actions, debts, and obligations
- Limited partners do not have the right to manage the business.
- Both general and limited partners benefit from the business’s profits.
A CORPORATION:
- is an independent legal entity that exists separately from the people who own, control, and manage it
- does not dissolve when its owners (or shareholders) die because it is considered a separate “entity”
- can enter into contracts, pay taxes, enter business transactions, etc.
- Owners have limited liability
