West Palm Beach Bankruptcy & Business Attorneys
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What factors govern the type of entity I should use for my business?

The basic types of business ownership are partnerships, corporations or LLC’s, or sole proprietorships. If you are starting a business with little liability exposure and no clear revenues, it may make sense to start as a sole proprietorship. You can still register and use a “trade name” (also known as a “fictitious name”). Once the dollars start flowing, things change. There may be tax advantages to using one form of entity versus another. There are differing levels of exposure to the individual owners’ personal financial problems and this may govern the type of entity. Businesses with high potential internal liability may want to form various entities to operate the different divisions, thereby spreading the risk. Finally, there are differences in administrative burdens and costs depending on the entity. We do all we can to understand your goals, your exposure, and your financial resources to help devise the proper structure for your business.

Markarian Frank White-Boyd & Hayes
Markarian Frank & Hayes is located in Palm Beach, Wellington & Vero Beach, Florida and serves clients across Florida from Vero Beach to the Florida Keys, including those in and around Palm Beach, West Palm Beach, Pahokee, Delray Beach, Loxahatchee, Coral Springs, Boca Raton, Boynton Beach, Lake Worth, Deerfield Beach, South Bay, Pompano Beach, Hobe Sound, Stuart, Port St. Lucie, Sebastian, Fort Pierce, Hollywood, Tampa, Tallahassee, Orlando, Martin County, Broward County, Hillsborough County, Leon County, Palm Beach County, Fort Lauderdale, Miami-Dade County and Sebastian. The firm’s lawyers also have a long history representing clients’ interests throughout the Caribbean.
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