Choosing the right corporate structure is one of the most important decisions a Monterey Park business owner can make. From everything to taxation, personal liability, and more, our attorneys can walk you through the different types of structures as part of our comprehensive business law services:

Sole Proprietorships

The simplest form of business structure, a sole proprietorship is where a single individual owns and operates the entirety of the business. This method offers complete control but does not provide liability protection.

 Partnerships

In a partnership, two or more individuals split ownership and the responsibilities that come along with it. This structure can be beneficial for collaborative efforts but comes with shared liability that may give rise to legal conflicts.

Corporations

A corporation is a separate legal entity that provides limited liability protection to its owners or shareholders. This business structure can be rather complex and expensive which is why it’s good practice to seek help from a lawyer.

Limited Liability Companies (LLCs)

An LLC combines the benefits of a corporation and a partnership which is why it has become fairly popular among aspiring entrepreneurs. LLCs protect owners from personal liability while allowing for flexible management structures and pass-through taxation.

When you need assistance with corporate filing and structure near Monterey Park, you can place your trust in the Law Offices of Paul Yee. Our experienced attorneys are ready to help you navigate the complexities of corporate law with confidence. Give our office a call today at 626-799-4900 to schedule a consultation and start safeguarding your business!