At Monahan & Johnson, S.C. our attorneys are ready to put their experience to work for you! Our attorneys know there is more to running a business than meets the eye. For example, Attorney Tom Johnson, operates a marina, giving him a unique perspective into the everyday concerns a business owner has. We understand your business is more than just a job for you. We urge you to contact us for all your legal needs for your business.
YOU ARE READY TO START YOUR BUSINESS IN BELOIT OR JANESVILLE WI – NOW WHAT?
In Wisconsin, there are, essentially, four types of businesses under which you can organize. They are sole proprietorship, partnership, a limited liability company and a corporation. In addition, each type of business entity has different subparts. (For example, there are different types of corporations).
There are many factors to take into account when deciding what type of business entity is best for you and our experienced business law attorneys are prepared to help you understand the positives and negatives of each option as it relates to your situation.
In deciding how to organize your business, some key factors to consider are the tax treatment and the entity’s ability to protect you from liability. Some businesses, such as a C-corporation, are taxed separately from the shareholders. On the other hand, in an S-Corporation the income and expenses flow through the corporation directly to the owners. Our business law attorneys can help you decide what type of business is right for you!
LIMITED LIABILITY COMPANY (LLC)
Starting a business is an exciting time for most people. However, determining how to organize your business and what type of ownership for your business is not a step that should be taken lightly. Liability and tax issues are just two factors that you need to consider when deciding on the type of business. Making a wrong choice could have severe financial consequences for you and your business. Our attorneys at Monahan & Johnson, S.C. are able to work with you in navigating the pitfalls of creating a business.