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Business Formation: Which Structure Is Best For You?

Choosing a legal structure for your company is a momentous step in the life of your business. It’s important to choose a type of business entity that will best serve your interests — and those of your company and your family — for years to come. Forming the wrong type of business entity could prove costly.

At Ryan M. Mynard, Attorney at Law, P.A., we have advised and represented Florida businesses for more than 20 years. We can help you create a business structure that lays the groundwork for profitability.

To speak with an experienced business lawyer about your goals and concerns, please call us in Crestview at 850-634-4656 or contact us via email. We advise and represent business owners throughout Northwest Florida.

Types Of Business Entities

Whether you plan to launch a small business or a large corporation, there are multiple business entities to consider. Before choosing one, here are some basic questions to ask:

  • How much personal control do you want?
  • Who will manage the business?
  • Who will handle day-to-day operations?
  • If you’re creating a partnership or corporation, how will profits and losses be shared?
  • What are the tax obligations for specific entities?

When you explain your goals and concerns to us, we can assess your situation and help you set up a business structure designed to protect your interests and maximize profits.

Depending on your specific circumstances, we can help you create any of the following business entities:

  • Sole proprietorship
  • General partnership
  • Limited partnership
  • Limited liability partnership (LLP)
  • Limited liability limited partnership (LLLP)
  • Limited liability company (LLC)
  • Corporation — C corporation or S corporation

Aligning Your Business Plan With Your Estate Plan

Major life events like starting a new business should prompt you to update your estate plan. Whether you already have a plan in place or you need to create one, we can help. Many of our estate planning clients are business owners. Let us help you create a comprehensive estate plan that supports your personal goals, protects your family, and bolsters your business interests.

Schedule An Appointment

You can schedule a consultation with a business formation attorney by calling 850-634-4656, or send us an email. Ryan M. Mynard, Attorney at Law, P.A., advises and represents business owners in Okaloosa County, Walton County and throughout Florida.