A corporation is a legal entity that is owned by shareholders who are not personally liable for the debts of the business. Depending on your business’ operations, ownership and management, the corporate structure may be an ideal fit for you.
Similar to a corporation, a limited liability company insulates its owners from personal liability when properly organized. Additionally, different characteristics make it more suitable to a client’s needs. Our office has provided numerous clients with assistance in forming their LLC, tailoring their operating agreement and structuring its management.
Just as there are several options for organizing a business, there are several types of partnerships including general partnerships, limited partnerships, family limited partnerships and limited liability partnerships (LLP’s). The business law attorneys at the Law Offices of Edward P. Graham, Ltd. can provide assistance in determining the best type of partnership for your business needs, and prepare partnership agreement(s) designed to meet the specific requirements of your partnership.
A not-for-profit entity is an organization formed for the purpose of serving the public or for purposes other than the pursuit or accumulation of profits. Our dedicated business law attorneys have successfully assisted numerous clients in creating the structure necessary for the proper functioning of a not-for-profit organization and will support your pursuit of a tax-exempt status with the Internal Revenue Service.