Charlottesville Business Formation
We help you make your business dream a reality
When you start up a business, you have choices to make about business structure. With care and meticulous attention, Miller Law Group, P.C. and our business formation lawyers in Charlottesville can help make your business dream a reality. Our skilled business attorneys guide you through the process, including:
- Review of your short- and long-term business plans
- Partnership agreements
- Filings with the Secretary of State
- Preparation of articles of incorporation and corporate bylaws, if necessary
- Negotiations, if necessary
We help you determine the right structure for your business
Each business structure option has a set of advantages and disadvantages regarding liability and taxation. We help you choose the right structure to suit your needs. Businesses typically form using one of the following structures:
- Corporation — A corporation must pay taxes on its profits and its shareholders or owners must pay taxes on any salaries or stock dividends. One of the biggest benefits of forming a corporation is that your personal assets are kept separate from those of the business.
- Partnership — In a partnership, you and others come together to undertake a business venture with the intent to make a profit. As a partner, you’ll need to report profit and loss on your individual tax return. You are held liable for the business’s obligations.
- Limited Liability Partnership (LLP) — An LLP provides its partners with limited liability. In most cases, as a partner, you are not held personally liable for the negligence or the debts of other partners.
- Limited Liability Company (LLC) — An LLC enjoys many of the same tax benefits of a partnership and limited liability benefits of a corporation. LLC owners, or members, are generally protected from personal liability. There is no income tax at the business level, but members will have to report profit and loss personally.
- S corporation — A common business structure for small businesses, an S corporation has a special federal tax status that allows profit and loss to pass through the corporation directly to the owners or shareholders for tax purposes. If you choose this option, you will be shielded from personal liability for the corporation’s debts, under most circumstances.
- Sole proprietorship — With this option, you are the business. You are entitled to all profits and are personally liable for all business obligations, including debt and damages.
We help you live your life!
With more than 30 years of combined experience, the business formation attorneys in Charlottesville and professional staff at Miller Law Group, P.C. have worked hard to protect what’s important to our clients, including their assets and their families. Call us locally at 434-218-3987 or contact us online today to schedule your FREE APPOINTMENT with a central Virginia business formation attorney. Our law firm is located behind the Senior Center and is handicapped-accessible. Parking is available outside the door.
Serving the communities of central Virginia, including Albemarle, Augusta, Buckingham, Charlottesville, Culpeper, Fluvanna, Greene, Louisa, Madison, Orange, Harrisonburg, Staunton and Waynesboro