Business Formation Attorney In Rancho Palos Verdes, California

There are various ways to structure your business, and Lane Law Group, Inc. can guide you through the options that best fit your circumstances. If you have shareholders and face a high risk factor, opting for a corporation may be the optimal choice. This structure shields shareholders from losing their personal assets, even if they experience financial losses from their investments. On the other hand, partnerships, especially general partnerships, can be among the riskiest structures. In a general partnership, each partner is personally liable for the company's debts and the actions of the other partner. Alternatively, a limited partnership can limit the liability of some partners, though it requires one partner to remain responsible for the partnership's debts. It's crucial to make informed decisions about your business structure.