First and foremost, the most important decision that every entrepreneur must make is to understand the right Orlando Corporate Structure. The structure of the business would be based on the number and type of owners, the liability they may have to face, the simplicity and tax planning.
The following areas are certain issues business owner should consider:
- Are you likely to be sued?
- Is pass-through taxation right for your company?
- Are you looking at outside investments in your company?
- Who takes care of corporate governance issues?
Are you likely to be sued?
However, it is essential to keep in mind the liabilities that may arise from unexpected places. Considering whether you have a legally binding relationship with a marketing partner or other investors could help determine the chances that you may have to be sued under one of these agreements.
Is pass-taxation suitable for your company?
Pass-through taxation allows the owners, partners, and other members of certain business forms to report profits and losses on their personal tax returns. So what makes it so great? Pass-taxation may eliminate double taxation on your entities. Another useful feature that pass-through taxation may have is that, in certain instances, you can deduct business losses.
Are you looking at outside investments in your company?
If your company is looking to actively market your products and needs more resources, outside investments may be necessary. Although venture capitalists and angel investors may provide small companies with the necessary funds they may need to grow, not every Orlando Corporate Structure is suitable for outside investments. Considering outside investments, you should contemplate a more flexible entity like a corporation.
Who takes care of corporate governance issues?
The final issue that you need to consider is the managerial and structural organization of your company. While nearly all business structures can be molded to accomplish goals, some forms of Orlando Corporate Structure provide better initial flexibility.
Trying to determine all the factors in establishing a proper Orlando Corporate Structure
can be challenging to do alone, that’s where The Law Offices of Gretchen Ortiz comes in. Gretchen Ortiz Law Firm assist business owners in many areas of legal issues that arise during business management. At the Law Offices of Gretchen Ortiz, we combine experience, commitment, and skill to help clients with the entire proceeding of establishing their businesses.
So, call us,
we are the right choice!
Contact us today for wise counsel in matters of Corporate Structure. Our law firm proudly serves clients in all of Central Florida, including Orlando and the surrounding cities.