![]() ![]() Start-up companies often structure their new business as corporations when the company could become publicly traded. Corporations require stockholders, officers, and directors. Business owners form corporations by creating Articles of Incorporation. Some technology start-ups choose to structure their business as a corporation. For this reason, many start-ups opt to choose another business structure. Creditors of the start-up can access the start-up owner’s assets, to include cars, bank accounts, and any other personal assets. While starting a sole proprietorship is easy, this type of business entity does not offer the owner any personal liability protection. Operating a sole proprietor start-up does not require setting up a legal entity, making sole proprietorships the most manageable way to start a business. Sole proprietorships are the least expensive and simplest Virginia business structure. At Surovell Isaacs & Levy PLC, our attorneys have advised many business owners as to the best business structure for their businesses, including: Selecting a legal structure for your start-up is an essential task for emerging business owners. ![]()
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