Memphis Business Formation Lawyer
There are numerous legal forms that a business can take when it is formed. The most common concerns that should be considered are the personal liability protection that a certain corporate form affords to its owners, the ease of administration, tax consequences and owners’ rights.
Located in Memphis, Tennessee, Crislip Philip has been assisting entrepreneurs with business formation matters since 1996. Our dedicated attorneys are ready to put their 75 combined years of experience toward helping you start your business.
There are several types of business entities available for Tennessee entrepreneurs, including:
- Sole proprietorship: This simple entity type for individual entrepreneurs can be good for those who want a structure with minimal administrative needs and straightforward tax filing.
- Partnership: Intended for two or more individuals wanting to share responsibilities and profits. Offers simplicity in administration but requires a good deal of mutual trust.
- Limited Liability Company (LLC): Offers flexibility and liability protection; it can be a strong fit for owners of small to medium-sized businesses looking to minimize personal risk.
- Corporation: Particularly well-suited for larger or more complex ventures with multiple shareholders that desire full liability protection.
The decision of what entity to select for your business can be confusing. In addition, there are often numerous steps that must be taken, forms that must be submitted to various governmental agencies and corporate documents such as bylaws and operating agreements that must be drafted in order to properly form your business. If you are unfamiliar with the process and its requirements, this can be a daunting task to undertake on your own. Our knowledgeable lawyers can explain your options, help you determine what entity type best aligns with your business vision and goals, and walk you through the formation process.
Dedicated To Providing Affordable, High-Quality Support
Our attorneys at Crislip Philip are mindful that the startup costs of a business are an important factor to a new owner. As a result, we strive to maintain reasonable prices while still providing quality work.
Connect With Our Trusted Business Formation Lawyers Today
Ready to start your business journey with confidence? Our dedicated team is here to guide you every step of the way. With our solutions-focused approach, we tailor our services to fit your unique circumstances, empowering you to succeed. Contact us by email or by phone at 901-201-5078 to learn more about how we can assist you.