Business Formation

Business Formation Attorney In Washington, DC

Getting Your Business Off On The Right Foot

So, you’re ready to make your dream a reality. But to make a success of it entails a lot of risks. While we can’t help with logistics logjams, we can protect your business from the legal risks involved in business formation. Our experienced business formation lawyers can help you choose the best type of business legal structure for your specific situation. With years of experience helping businesses get off on the right legal footing, we can make a huge positive impact. Start your entrepreneurial journey today!

Contact RISM LLC to schedule a consultation with a lawyer today. (202) 792-5850

What Type Of Business Structure Should I Choose – Corporation Or Partnership?

There are several ways you can structure your business. If you have shareholders and a high risk factor, a corporation might be your best choice since shareholders cannot lose their personal assets even when they lose the funds they invest. Partnerships are perhaps the riskiest structures you can choose. In a general partnership, each partner assumes liability for the company’s debts and the other partner’s actions. In a limited partnership, though, the limited partners are not liable for the company’s debts. However, this structure requires that one of the partners remains liable for the partnership’s debts. Don’t start your business without knowing what option suits your business model best. Schedule a chat with one of our business formation lawyers to learn which type of business is best suited to your needs.