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Business Formation

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Forming a Business in Raleigh, North Carolina

Raleigh Business Formation Lawyer

When you plan on forming a business, there are several options that you could decide upon regarding the exact legal structure the business ought to take. It would be recommended that you contact a Raleigh business attorney before you proceed. When creating the legal structure of a business, you are also setting up situations regarding your own personal liability in the future.

At Hopper, Hopper & Mulligan, PLLC the attorneys can advise you on the best legal structure for your new business. Each member of the team is experienced and knowledgeable, and will work with your best interests and legal protection in mind.

Types of Businesses

The simplest types of business formation that one could choose are:

Sole Proprietorship -- This is the type of business form when one individual owns the business. He or she can hire employees, have bank accounts and a business name. This business structure has less personal protection than other kinds of structures.

General Partnership -- When one starts a business with two or more partners, the simple form that can be created is a General Partnership. Each partner in this form of business is responsible for any debt created by the company in the future.

When one chooses to have more protection, they may choose to form one of the following business structures:

  • Limited Liability Company
  • Limited Partnership
  • Limited Liability Partnership
  • Corporation
  • S-Corporation

The legal structure in these types of businesses becomes more complex, and is formed specifically to achieve the goals of the company. Hopper, Hopper & Mulligan, PLLC is experienced in creating the legal structure of all types of new legal business entities. It is advisable, if you are considering starting a new activity that you contact contact the office office of Hopper, Hopper & Mulligan, PLLC and discuss the goals and intentions of the new activity and the attorney can advise you on the form that would best suit your situation.

Work with an Experienced Business Attorney - Call (919) 876-3300!

It is very important to have legal counsel from an experienced and qualified business law attorney when deciding on the structure of your new business. What you decide at the inception of the business has ramifications in the future when things change. One could make huge profits, and taxation is an issue. One could create huge liabilities and protecting yourself personally may be an issue.

Contact a business formation attorney in Raleigh from Hopper, Hopper & Mulligan, PLLC to get assistance in forming a new business.

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