We assist with the formation of:
This is the most complicated type of business entity to form. You will have to file Articles of Incorporation and issue shares of stock. Shareholders will exchange property and/or money for your corporation’s capital stock.
One way to avoid double taxation is to elect to be taxed as an S corporation. These entities are usually exempt from federal income tax other than certain passive income and capital gains. There are specific requirements that must be met to form an S corporation.
Limited Liability Companies
This is a very popular business entity since no member of an LLC is personally liable for its debts. LLCs can be classified as corporations, partnerships, or entities that are separate from their owners. Avnet Law can help you determine if an LLC is the best organization structure for your business and file the necessary paperwork.
This is a business entity wherein at least two owners contribute skills, labor, and money. The partners are liable for the debts of the entity and share its profits proportionately.
Limited Liability Partnerships
This is a hybrid form of a general partnership wherein liabilities are limited.
This is a type of partnership wherein liabilities are limited to the general partners, and each partner’s liability is limited to their respective investment in the company.
This is the simplest type of business entity to start and maintain. It has one owner who is liable for all debts accrued. The business and the owner are considered to be a single entity. As the owner of a sole proprietorship, you would report any expenses and income of the business on your personal tax return.
Avnet Law can assist clients who wish to establish formal and informal non-profit entities. We can help you obtain non-profit (501(c)(3)) status and understand the tax requirements and other laws that govern this type of business organization.
Contact Avnet Law
We’re experienced at business formation and will consult with you to determine the best business type for your situation.
Hear from some of our past clients…
Mr. Avnet went well, over and beyond, for my situation. I would refer Mr. Avnet to my closest friends and family members. This guy truly cares about his clients.
Mr. Ary Avnet worked with our family in a very difficult and stressful time. He was always respectful, kind and worked hard at solutions for our situation. Mr. Avnet went above and beyond for our family. Always quick to respond to our concerns and fears. We most definitely recommend this fine man for your legal issues.
Ary is extremely professional and knowledgeable – I felt so much more at ease having him on my side during my case. He was quick to respond to any calls/questions I had. I would highly recommend him to anyone in need of legal assistance.