Forming an entity for your business is the highest priority legal action item for business owners. It is an easy and cost-effective way to protect your business. The legal reason for forming a business entity is liability protection. Limited liability means there is a separation between the business’s assets and the owners’ personal assets, shielding personal assets from the business risks.
We recommend making your business official as soon as possible – imagine having such an established business 2, 5, 10, 25 years from now (it goes faster than you think!).
- Partnership Agreements
- Buy-Sell Agreements