One thought on “Do I Need an Attorney to Set up the Business?

  1. Arti says:

    All the other business forms require state registration and other agreements and legal processes. It’s usually a good idea to get a few help from an attorney, to be sure everything is done correctly. If your business is a sole proprietorship, you don’t need an attorney to set it up. If you set up as a corporation, you will have to give a few money to the other shareholders in the form of dividends. If you want all the profits, you must assume all the losses. If you choose a sole proprietorship, the business ends if you leave, die, or can no longer run the business. Set up as a sole proprietorship or an LLC to keep all the profits (after taxes, of course! ). If you set up as a partnership, you must share the profits with other partners, in a percentage depending on the terms of your partnership agreement. As a sole proprietor, you will have all of the business liability for bad debts of t As a sole proprietor, you will have all of the business liability for bad debts of the business, as well as for other liabilities, which include for negligence, product liability, or professional liability.

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