Our business law practice works with business clients both large and small to ensure that they are established or structured in a way that maximizes efficiency and minimizes negative tax implications.

An LLC (limited liability company) is a company that offers its members limited liability protections. An LLC can be structured to be manged by its members or, alternatively, by a board of managers, who may or may not be owners of the LLC. A solely owned LLC can be deemed a disregard entity for tax purposes, which avoids the need for a separate tax return to be filed on behalf of the LLC; instead the company’s return can be prepared and included as part of the sole member’s individual return.

A corporation is an entity established to act as a single person, distinct from the shareholders that own it. Normally, a corporation’s management and control is vested in its board of directors, elected by its shareholders. While seemingly very similar to an LLC, the tax implications between the two can vary greatly, depending on the size and profitability of the operation. As such, our business law practice routinely works with our clients’ accountants to ensure we are forming and working with the entity structure that best suits our clients’ needs.