Are you interested in starting a business in Orlando, Florida? If so, you will need to choose the right business entity for your company. The type of business entity you select will have an impact on how your company is taxed, the level of personal liability you face, and the amount of paperwork you are required to file. You will want to hire an Orlando business formation attorney to make sure you have everything in order.
A business attorney can help you select the right business entity for your company and ensure that all of the necessary paperwork is properly filed. Orlando business law firm MLG Business has experience assisting entrepreneurs with all aspects of starting a business, including selecting the right business entity and filing the required paperwork.
What is business formation law?
Business formation law refers to the laws and regulations that govern the creation of a business entity. These laws vary from state to state, so it is important to consult with an attorney who is familiar with the business formation laws in Florida. MLG Business is an Orlando-based business law firm who have vast experience in handling business formation.
What are the different types of business entities in Florida?
There are several different types of business entities that you can choose from when starting a business in Florida. The most common types of business entities are sole proprietorships, partnerships, limited liability companies (LLCs), and corporations.
What is the difference between a sole proprietorship and a partnership?
A sole proprietorship is a business owned by one person. A partnership is a business owned by two or more people. Partnerships can be either general partnerships or limited partnerships. In a general partnership, all of the partners are equally liable for the debts and obligations of the business. In a limited partnership, there is at least one partner who is not liable for the debts and obligations of the business.