Business Formation

Welcome to Patton Law Group in Roseville, CA, where we specialize in providing comprehensive legal guidance for business formation and structure.

Our expertise spans a variety of entity types including Limited Partnerships, Limited Liability Companies, Professional Corporations, C-Corporations, and S-Corporations.

We understand the significance of selecting the right business structure. Our legal team is dedicated to helping our clients with all aspects of business law to lay a strong and legally sound foundation for their ventures.

Tackling the complexities of business formation is a critical step for entrepreneurs and business owners. Our team can help you with all aspects of creating Limited Partnerships, Limited Liability Companies, Professional Corporations, C-Corporations, and S-Corporations.

Why

Us?

At Patton Law Group, we understand the intricacies of business law and are dedicated to guiding our clients through the process of choosing and forming the right type of business entity.

This decision is crucial, as it affects everything from legal liability and taxation to the ability to raise capital and the overall management structure of the business.

Handling the Formation Stage

Below we’ll explore the specifics of various business entities including Limited Partnerships (LPs), Limited Liability Companies (LLCs), Professional Corporations (PCs), C-corporations, and S-Corporations, highlighting their key features and considerations.

Limited Partnerships (LPs)

Limited Partnerships are formed by at least one general partner and one limited partner. The general partner manages the business and is personally liable for business debts, while limited partners have limited liability but typically do not participate in managing the business.

LPs are a good choice for businesses where investors want to contribute capital without taking on liability or managing roles.

Limited Liability Companies (LLCs)

LLCs offer flexibility and protection. This business structure provides the limited liability features of a corporation with the tax efficiencies and operational flexibility of a partnership. Owners, known as members, are protected from personal liability for business debts and claims, making it a popular choice for a wide range of businesses.

Professional Corporations (PCs)

Designed for businesses that provide professional services, such as legal, medical, or consulting services, Professional Corporations offer many of the same advantages as a C-Corporation but with certain limitations based on the profession. PCs protect individual members from personal liability for malpractice of their associates, but not their own.

C-Corporations

C-Corporations are traditional corporate entities separate from their owners, providing the strongest protection against personal liability. This entity type can raise capital through the sale of stock and is subject to corporate income tax. C-Corporations are ideal for businesses that plan to reinvest profits into the company or seek funding through the sale of stock.

S-Corporations

S-Corporations offer a pass-through taxation structure, allowing profits and losses to be passed through to shareholders’ personal income without being subject to corporate tax rates. However, S-Corporations face stricter regulations, including limitations on the number and type of shareholders. This entity is suited for small businesses that could benefit from pass-through taxation while still wanting the liability protection of a corporation.

Get In Touch

Contact Patton Law Group to Learn More

At Patton Law Group, we are committed to helping our clients understand these options and make informed decisions about the most appropriate entity type for their business goals and needs. Our experienced team provides personalized advice, considering factors such as the desired level of liability protection, tax implications, and the future vision for your business.

Whether you are starting a new venture or considering a change in your existing business structure, Patton Law Group in Roseville, CA is here to help you build a successful business plan. Contact us to learn more today!