Business Entity Formation

Starting your own business is an exciting, and often daunting, prospect. You’ll be pouring your intellectual energy and capital into your newest enterprise, so make sure it’s well-protected. At the Law Offices of Monika Johnson our experts can provide the necessary paperwork for Limited Liability Companies (LLC).

Smaller businesses often opt to structure themselves as LLCs, which are a distinct legal entity with its own tax identification number. The members of an LLC are not personally liable for the debts of their company, which is one of the distinct advantages of this structure. For example, if an LLC is forced to file bankruptcy, the owners won’t have to repay the company’s debts with their own money. LLCs also have tax-related advantages and don’t require the same extensive record keeping as corporations.

If you’re a small business and don’t have to manage multiple employees, an LLC may be the right option for you. This structure offers you protection from liability while avoiding the higher tax rates of other entities.