top of page
Local Business Partners

BUSINESS FORMATION

Partnership Agreement

To have a successful partnership, you should have a well-drafted partnership agreement.  A partnership agreement will set forth the essential terms and outline each partners' rights, responsibilities, and liabilities.  It will also help resolve disputes that would otherwise result in litigation between the partners.

Limited Liability Corporation

(LLC)

An LLC is a type of legal entity that can be formed to own and operate a business.  An LLC owner(s) have limited liability meaning the owner(s) are generally not personally liable for any debts incurred by your LLC business or most business-related lawsuits. LLCs offer pass-through taxation where the profits or losses pass through the business to the owner's personal tax return. Unlike a corporation, it is not necessary to have officers and directors, board or shareholder meetings, or the other administrative burdens that come with having a corporation.

The articles of incorporation creating an LLC must be filed with the state.

Corporations

(S-corp and C-corp)

Corporatations offer the corporate veil which offers protections to shareholders from being personally liable for business liabilities.

S-Corporations are better for smaller corporations (1 to 100 shareholders).  Owners hold common stock which also includes voting rights.  The corporation is taxed where only shareholders pay on profits they received.

C-Corporations are best if there are plans to go public one day.  Shares may be issued to founders, employees, and investors.  Preferred stock is held by owners.  The corporation is taxed twice - once when the business pays and once shareholders receive income.

  • LinkedIn
  • Facebook
  • Twitter
  • Instagram
logocling2.png

PROTECTING                    LEGACIES

APPOINTMENT REQUIRED

Consultation Fees:

  • $50 for 30-Minute Consultation

  • $125 for Document Review &         30-Minute Consultation

OFFICE HOURS

Monday - Friday    9:00AM - 6:00PM

Saturday                10:30AM-2:30PM 

Sunday                   Closed

The information posted to this site does not constitute legal advice or the formation of an Attorney-Client relationship.

​

PLEASE BE AWARE, IF YOU ARE TEN OR MORE MINUTES LATE TO YOUR SCHEDULED APPOINTMENT OR IF YOU FAIL TO APPEAR AT YOUR SCHEDULED TIME, YOUR APPOINTMENT SHALL BE CANCELED AND ANY RESCHEDULED APPOINTMENT IS SUBJECT TO A NON-REFUNDABLE UPFRONT $175.00 FEE AT THE TIME OF RESCHEDULING

​​

​

© 2025 by the Law Office of Brianna J. Giliberto-Hermann

bottom of page