Thomas S. Rand
Business Entities
Corporations
Whether you are considering starting a small business, or a large enterprise, it
is very important to protect yourself, your family and your company by creating
a "corporate shield," and forming a corporation, a limited liability company, or
a limited partnership.
Limited Partnerships
In some circumstances the limited partnership entity is preferred over a standard
incorporation or limited liability company. Usually the general partner of a
limited partnership should be a corporation, not an individual.
Limited Liability Company
A Limited Liability Company (LLC) is similar to a corporation. If more than one
person is involved, you need a detailed LLC operating agreement designed to
prevent deadlocks and conflicts if problems arise between the owners of the
limited liability company in the future.
This website does not attempt to explain current law or to give legal advice on business entities.
Please contact Tom Rand directly for professional legal advice.