Entity Formation
Tips to Start a Business
Corporation, LLC, or LP?
When starting a business, you’ve got to be aware of the different entity structures and choose wisely in a manner that makes the most of your assets and investments. To ensure you make the right choice, taking your time is crucial. If you’re rushed or hasty, you may end up choosing an unfit entity structure, costing you thousands in taxes and endangering the security of your assets and deposits.
This is where our Sky’s the Limit Advisors step up.
Our Sky’s the Limit Advisors will guide you through the decision-making process when it comes to choosing the right entity for your situation, making the process better, faster, and easier.
Form an LLC
Gain limited liability protection and added credibility!
Forming a limited liability company (LLC) provides liability protection for any type of business, and should be among the first steps you take as a new business owner. Starting an LLC can help you protect your personal assets while adding legitimacy to your company.
Form a Corporation
Protect your assets and create a structure for investment!
Forming a Corporation limits an owner’s legal and financial responsibility for the activities and debts of the business. Plus, incorporation provides a structure that can attract potential investors, and may help a new business establish credibility with customers and potential partners.
Start a Nonprofit Corporation
Register your charitable business and file for income tax exemption!
When starting a business focused on charitable causes, you may want to consider the benefits of filing as a nonprofit corporation. With your business registered as a nonprofit, you gain added credibility, access to public and private grants, and the ability to apply for exemption from taxation by filing a 501(c)(3).
File a DBA (Doing Business As)
Formally register your business name and start building your brand!
Filing a Doing Business As (DBA) name allows you to operate and receive payments under a name that is different from your legal business name, helping you create an identity for your business that presents it in a professional light to customers and vendors.