Business Formation Attorney In Edison, New Jersey

Structuring your business involves several considerations. If you run a business with shareholders and a high risk factor, a corporation might be an optimal choice, as shareholders are protected from losing their personal assets, even when they lose the funds they invest. When it comes to partnerships, they can be a bit more complicated. In a general partnership, each partner assumes liability for the company’s debts and the other partner’s actions. In contrast, a limited partnership protects the limited partners from the company’s debts, but this structure necessitates that one partner remains responsible for the partnership’s debts. Hence, before launching your business, it's crucial to understand what structure aligns best with your business model. Schedule a consultation with Juan C. Velasco, a dedicated Business Law attorney in New Jersey, to gain insight on which type of business structure is best suited to your needs.