Business Formation
Realize your dream of starting a business with our business formation attorneys
Business Formation Attorney In Annapolis, Maryland
Getting Your Business Off On The Right Foot
So, you're ready to take the exciting step of making your dream a reality in the beautiful city of Annapolis, Maryland. However, embarking on this entrepreneurial journey entails navigating a landscape filled with various risks and uncertainties. While we may not be able to assist with the logistical challenges that often arise in the business world, we are here to protect your venture from the potential legal risks associated with business formation. As a dedicated and experienced business law attorney, Geri Lyons Chase is equipped to guide you in selecting the best legal structure for your specific situation and needs.
With years of experience dedicated to helping businesses establish themselves on solid legal ground, Geri is well-positioned to make a significant positive impact on your venture. Don't leave your dreams to chance; begin your entrepreneurial journey today with the trusted guidance of Geri Lyons Chase! Let’s work together to ensure your business has the strong legal foundation it deserves.
Call Law Office of Geri Lyons Chase at 410-573-9004 to schedule a consultation with a lawyer today.
What Type of Business Structure Should I Choose – Corporation or Partnership?
At Geri Lyons Chase, strategically located in Annapolis, Maryland, you can find the guidance needed to effectively navigate the complexities of structuring your business. Whether you're considering forming a corporation to protect your shareholders' personal assets from potential liabilities or exploring a partnership model that aligns with your specific goals, it's crucial to fully understand the implications of each choice you face. A general partnership, for instance, involves shared liability for the company's debts and responsibilities among all partners, which can pose significant risks. On the other hand, a limited partnership can offer certain partners some degree of protection, while designating one partner to assume full liability for the business's financial obligations. To ensure you’re making the most informed decision for your business model and to explore all available options, consider booking a consultation with Geri Lyons Chase. Here, you'll receive personalized advice tailored to your unique circumstances, ensuring you select the best structure for your business endeavors and set a solid foundation for future success.
Are There Any Other Structural Options for My Business?
Many smaller startups often opt for the limited liability company (LLC) structure due to its numerous advantages and inherent flexibility. LLCs provide the liability protection similar to corporations, safeguarding the personal assets of the owners from business debts and legal issues while still allowing for a more simplified management structure. This means that entrepreneurs can focus on growing their businesses without the constant worry of exposing their personal finances to risk. Additionally, LLCs offer the flexibility to determine how profits are distributed among members, which can be particularly beneficial for businesses with varying levels of investment or involvement from each member.
Moreover, they qualify for the pass-through tax option, meaning profits are only taxed once at the individual income level rather than at the higher corporate tax rate, allowing owners to retain more of their earnings. If you're considering this structure for your business, Geri Lyons Chase in Annapolis, Maryland, can assist you in determining the best business structure tailored to your unique needs and goals. Don't hesitate to get in touch today to schedule a consultation with Geri Lyons Chase and explore your options for setting up your startup for success.
Have Questions?
Get the fresh start you deserve. The Law Office of Geri Lyons Chase offers experienced, compassionate bankruptcy guidance.
Call us at 410-573-9004 today to speak to an attorney.