Business Documents

There are advantages and disadvantages for each type of business formation structure. A few important considerations are:

Protecting your personal assets from business debts.
Maximizing business income and navigating tax implications.
Type and frequency of record-keeping requirements.
Cost and complexity of compliance with state, federal and local law

Limited Liability Company (LLC): This has been described as a hybrid, with the best tax advantages and operational benefits of a corporation and partnership. Personal assets are protected from business debts, but the business is taxed as though a partnership. Articles of Organization must be filed with the state.

General Partnership: You own the business with one or more other people, all who are called partners. Partners divide the profits and share the losses. Personal assets are at risk and income taxes are filed on personal income tax forms.

Joint Venture: Like a general partnership but limited in time and to one project.

doityourselflegaldocs.com, our business documents will continue to provide you all the support you need in order to help your business thrive. An overview of our documents includes:

Required operational documents.
Employee contracts.
Employment contracts (Ex. confidentiality, non-compete, trade secret).
Business contracts.

Being proactive helps you limit your risk of liability while maximizing your benefits. At doityourselflegaldocs.com our goal is to help you make informed decisions, comply with all legal requirements and minimize the risk of future litigation.