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The entity I need for my business or investment!

Posted by Giselle Ayala | Jun 24, 2020 | 0 Comments

Photo by CoWomen on Unsplash Business entities - Law Office of Giselle Ayala Mateus

One of the first decisions a business owner faces is choosing the best business entity for their organization. This is a crucial decision because it has far-reaching legal and tax consequences. At the starting point, you may be wondering, how do I choose between an LLC and a Corporation? What about a sole-proprietorship? Do I need to incorporate a business for a one-time project?

To choose the right entity, there are at least eight considerations you should make regarding business entities selection.

1.Cost

2. Liability risk

3. Taxes

4. Possibility of getting income

5. Control

6. Getting funding

7. Ease of maintenance

8. The State of incorporation.

In the following video, we will discuss each of the topics just referenced.

The information provided on this website does not constitute, nor is it intended to be, legal advice; instead, all information, content and materials available on this site are for general informational purposes only. Readers of this website should contact your attorney for advice regarding any particular legal matter. No reader, user or browser of this site should act or refrain from acting on the basis of the information on this site without first seeking the legal advice of an attorney in the relevant jurisdiction. Only your individual attorney can provide assurances that the information contained in this document, and your interpretation of it, is applicable or appropriate to your particular situation.

About the Author

Giselle Ayala

Giselle Ayala Mateus is a NY attorney with comprehensive experience in transactional law, creative agreements, business formation, and immigration law. She is also the founder of Focus Juridico a not-for-profit project focused on supporting Latin American entrepreneurs and artists.

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