Creating the Right Business for Your Goals

Business Planning and Business Formation Lawyer

Depending on the goals and size of your business, you may choose a variety of business entities to form. Business formation involves filing state and federal documents to protect your assets and business for legal and tax liability. Sit down and discuss your business goals with Donna J. Jackson, Attorney at Law, P.C. She advises business owners throughout central Oklahoma on business formation.

You have a variety of business entities you may choose to form:

• Limited Liability Company (L.L.C.): This legal entity shields its owners from personal liability while avoiding the strict requirements associated with a corporation. An L.L.C. is attractive for small businesses not capable of large corporate operating requirements.
  
  
• Family Limited Partnership (F.L.P.): Not a legal entity but a concept used to protect your family's business from tax liability. A F.L.P. is a limited partnership where the family holds the business or investment in a partnership like relationship. The goal of this partnership is that the parents will gift their share to their children to avoid gift and estate taxes.
  
  
• Corporation: This legal entity is created to carry out the business purpose for profit while protecting the owners from personal liability. Corporations require complex state and federal filings, and are not recommended for small to medium capital businesses.
  
  
• Limited Liability Partnership (L.L.P.): A L.L.P. combines attributes of a corporation and a partnership together in one business entity. It shields the partners from liability, while allowing them to have direct control over the business.

Depending on your business goals and needs, you may want to choose a specific business entity. Sit down and talk with lawyer Donna J. Jackson to determine whether an L.L.C. or corporation is appropriate for your financial goals. Business formation requires filing the appropriate state and federal documents. We will file and collect all the necessary information to form your business.

Call Donna J. Jackson at 405-840-1874 to setup an appointment about your business formation issues. To learn more about the different types of business entities submit the attached contact us form.