Business Planning & Entity Formation
Limited Liability Companies
A Limited Liability Company (or, “LLC”) is a hybrid entity that contains favorable aspects of both corporations and partnerships. The fundamental characteristic that an LLC shares with corporations is that statutes in the various states protect the LLC owners from the debts and liabilities of the company.
Partnerships
A partnership is an association of two or more persons to carry on as co-owners a business for profit. This broad definition makes a partnership an entity that is simple to form while retaining some of the most complex state and tax laws regarding the results and implications of owning a partnership.
Corporations
A corporation is a legal entity that has been incorporated in accordance with state statute. Corporations have legal rights and liabilities that are distinct from their employees and shareholders, and may conduct business as either a profit-seeking business or not-for-profit business.
Contracts
If you can think of it, we can put it on paper! Gerrard Cox Larsen has assisted hundreds of clients with contractual matters – drafting, review, signings, and litigation when necessary.