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Phone: 508-859-7878
Locations
461 Ware Corner Road
Oakham, MA 01068
19-21 Elm Street
Milbury, MA 01527
Hours
- Mon - Fri
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- Sat - Sun
- Closed
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Small Business Formation
Realize your dream of starting a business with our business formation attorneys
Small Business Formation Attorney In Oakham & Millbury, Massachusetts
Getting Your Business Off On The Right Foot
So, you’re ready to make your dream a reality. But to make a success of it entails a lot of risks. While we can’t help with logistics logjams, we can protect your business from the legal risks involved in business formation. Our experienced business formation lawyers can help you choose the best type of business legal structure for your specific situation. With years of experience helping businesses get off on the right legal footing, we can make a huge positive impact. Start your entrepreneurial journey today!
Contact The Law Offices of Jeneen M. Moran, LLC to schedule a consultation with a lawyer today.
What Type of Business Structure Should I Choose – Corporation or Partnership?
There are several ways you can structure your business. If you have shareholders and a high risk factor, a corporation might be your best choice since shareholders cannot lose their personal assets even when they lose the funds they invest. Partnerships are perhaps the riskiest structures you can choose. In a general partnership, each partner assumes liability for the company’s debts and the other partner’s actions. In a limited partnership, though, the limited partners are not liable for the company’s debts. However, this structure requires that one of the partners remains liable for the partnership’s debts. Don’t start your business without knowing what option suits your business model best. Schedule a chat with one of our business formation lawyers to learn which type of business is best suited to your needs.
Are There Any Other Structural Options for My Business?
Most smaller startups choose the limited liability company (LLC) option. LLCs have the liability protection of corporations while still having the option to choose how to distribute their profits. They also are eligible for the pass-through tax option – paying individual income taxes rather than the higher rate the government imposes on corporations. Our business formation legal team can help you find which structural option is the best choice for your situation. Get in touch today to arrange a consultation with one of our attorneys.
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Oakham Office
461 Ware Corner Road
Oakham, MA 01068
Milbury Office
19-21 Elm Street
Milbury, MA 01527
Hours
Mon- Fri 9:00 am - 5:00 pm
Weekends and Evenings are available by appointment.
Contact Information
Disclaimer: The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship.
*The $300 discount applies to the attorney's fees for Chapter 7 and Chapter 13 bankruptcy filings initiated during February 2025. This discount does not apply to court filing fees or other associated costs. Court filing fees are $335.00 for Chapter 7 and $310.00 for Chapter 13. Total attorney fees will vary depending on the complexity of the case.