Business Formation

Helping your business prepare for long-term success

Business Formation Attorney

Managing Business Formation in NY & NJ

The structure of your business is crucial in order to achieve both your short and long-term goals. Implementing the wrong structure for your business can lead to significant financial, legal and tax consequences. At the Law Office of Alexander Schachtel, our business formation attorneys have years of experience helping clients understand their options.

Our business formation attorneys will carefully evaluate your unique needs and circumstances, and then guide you in selecting the business structure that best suits your situation.

There are advantages and disadvantages, associated with each type of business formation structure. A few key factors are:

Types of Business Formation

There are several ways to structure your business. A few common business structures include:
Sole Proprietorship
This is the easiest way to start a business. There is no need to file any documents with the state. You are the sole owner that is responsible for all profits and losses and would file them along with your personal income tax return. In this case, your personal assets are not protected from your business losses.
Limited Liability Partnership (LLP)
Like a general partnership, but it limits profit and liability to the amount of investment a partner has made into the business.
Joint Venture
This formation is similar to a general partnership but limited in duration and to one project.
This type of business formation separates your personal assets from business assets. Therefore, personal assets cannot be seized to pay corporate debts. It is required for documents to be filed with the state and periodically updated.
Like a C-Corporation, but with a limited number of shareholders and different tax rules apply.
Limited Liability Company (LLC)
Your personal assets are protected from business debts, but the business is taxed as a partnership. Articles of Organization need to be filed with the state. This formation is viewed as a hybrid, with the best tax advantages and operational benefits of a partnership and corporation.

A Business Formation Attorney

Helps with Business Formation and Ongoing Support

At the Law Office of Alexander Schachtel, a business formation attorney will provide you with the legal services your business needs to thrive. Our business formation services consist of:

Are you trying to maximize benefits while limiting your risk of liability? If so, it helps to be proactive and we understand this. Call (201) 925-0600 to speak with a Business Purchase and Sale Attorney. We will help you make informed decisions, minimize the risk of future litigation, and comply with all legal requirements.

Areas We Serve

At the Law Office of Alexander Schachtel, we serve people throughout New Jersey and New York in a variety of legal matters. Our team consists of civil & commercial litigation attorneys and personal injury lawyers that can assist you with your legal issues anywhere in New Jersey and New York.

Let our experienced and dedicated legal advocates work for you. Get in touch with us today to discover how the attorneys at the Law Office of Alexander Schachtel can help you.

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No matter the legal obstacles you face, our attorneys will provide you with dedicated personal legal service. Each member of our team realizes the importance of understanding your unique situation in order to develop an effective strategy that will protect your rights and best interests.

Schedule a Free Consultation at our Jersey City office, call (201) 925-0660 or contact us online.