Tampa Business Formation Lawyer
Considering a new business venture is an exciting prospect. But as wonderful as your business idea may be, there is no doubt that forming a small business can be a complicated endeavor, and one that is rife with potential legal hurdles and missteps. Which is why if you’re getting ready to enter the business world, working with a skilled Tampa business formation lawyer is a must. At the law offices of Bubley & Bubley, P.A., our Tampa business formation lawyers have the legal acumen that you’re looking for in a dependable, competent legal professional. Contact us today to schedule a consultation where you can learn more about our services and how we can help.
Business Formation – Selecting Business Structure Type
One of the most important parts of the business formation process is determining the type of business structure that is right for you. At the offices of Bubley & Bubley, P.A., we are experienced in navigating all of the most common business structures, and are confident in our ability to assist you.
- Sole proprietorship. A sole proprietorship is a business that has a single owner. In this type of business structure, the income and liabilities of both the owner and the business are shared, meaning that you will file standard income tax from your business as part of your personal tax return, and will also need to pay the self-employment tax, and taxes for Social Security and Medicare.
- Partnerships, on the other hand, refer to businesses where two or more persons are responsible for the business and share in the profits and losses of the business. In addition to understanding financial and tax responsibilities, partnerships also require an agreement between partners about how decisions will be made, disputes will be resolved, etc.
- Corporations are the most complex types of businesses, and involve the exchange of money or property by shareholders in return for capital stock in the corporation.
- S corporation. The biggest difference between a corporation and an S corporation is that in regards to the latter, shareholders report income and losses on their personal tax returns.
- Limited Liability Company (LLC). Finally, a Limited Liability Company (LLC) is one in which business owners are protected from personal liability, and therefore cannot be pursued by creditors looking to collect on a business’ debts.
Our Business Formation Services
In addition to assisting you in determining the proper business structure for your company, we can also aid you in:
- Creating a financial plan;
- Understanding employee and labor laws;
- Drafting employee agreements;
- Creating bylaws;
- Drafting articles of incorporation and articles of organization;
- Detailing membership agreements, partnership agreements, shareholder agreements, and other pressing agreement types; and
As skilled lawyers, we can serve as general counsel for your business and will be prepared to serve you and answer your legal questions throughout the business formation process and over the course of your business’ life.
Contact Our Tampa Business Formation Lawyers Today
At the law offices of Bubley & Bubley, P.A., we advise against ever attempting to establish a business without the counsel of a skilled attorney. To reach us today for a consultation, please call our law firm directly or send us a message using the intake form on our website. We have more than 25 years of experience serving businesses like yours.