Selecting The Right Business Entity

When you start a new business, one of your first decisions is determining the most advantageous business entity. Selecting the correct entity can protect you from personal liabilities, secure your business' assets and outline your business' structure. Our experienced attorneys at Bachara & Essey will guide you through the decision-making and implementation process.

Attorney Mark Bachara graduated with a MBA degree from the University of Baltimore. He employs in-depth business knowledge to counsel business owners on how to guard their financial interests through strategic formation.

Call 910-363-0086 to schedule a consultation at our Oak Island office to discuss your business concerns with our skilled attorneys.

Strategic Business Structure Selection

Business owners have several structure options when officially forming a business. If you are going into business as a sole owner, you may select a sole proprietorship; however, the selection process quickly complicates when other business partners are included in your business plan. Consult with our attorneys about the pros and cons of forming your business as a:

  • General partnership (GP)
  • Limited partnership (LP)
  • Limited liability partnership (LLP)
  • S-corporation
  • C-corporation
  • Nonprofit corporation
  • Co-op

Depending upon the selected entity, the business' structure may provide significant benefits such as protecting your personal assets from creditors or providing tax benefits.

Protecting Your Business After Formation

Selecting your business' structure is only the first step in strategically securing your business. After you establish your business entity, our lawyers can create secure contracts to determine your businesses' day-to-day operating strategy and help you avoid costly litigation. We have assisted a number of North Carolina businesses with important protective measures, including partnership agreements and succession plans.

Discuss Your Business Plan With Our Innovative Firm

Our lawyers provide local businesses with innovative strategies for success. Call 910-363-0086 to schedule a consultation with our firm, or email us online.