{"id":95,"date":"2010-08-25T10:34:32","date_gmt":"2010-08-25T15:34:32","guid":{"rendered":"http:\/\/pcoassociates.wordpress.com\/?p=95"},"modified":"2010-08-25T10:34:32","modified_gmt":"2010-08-25T15:34:32","slug":"organizing-your-organization-the-legal-stuff","status":"publish","type":"post","link":"https:\/\/pcoassociates.com\/blog\/organizing-your-organization-the-legal-stuff","title":{"rendered":"Organizing Your Organization: The Legal Stuff"},"content":{"rendered":"<p>A few quick comments on the legal aspects of organizing your business\u2026\u00a0 There are several forms your business can take for legal and tax purposes.\u00a0 Those forms include, but may not be limited to:<\/p>\n<ul>\n<li>Sole Proprietorship<\/li>\n<li>Partnership<\/li>\n<li>Limited Liability Company (LLC)<\/li>\n<li>Sole Proprietorship LLC<\/li>\n<li>Professional LLC<\/li>\n<li>Professional Corporation<\/li>\n<li>Subchapter S Corporation<\/li>\n<li>Subchapter C Corporation<\/li>\n<li>For Profit Corporation<\/li>\n<li>Not For Profit Corporation<\/li>\n<li>Non-profit Corporation<\/li>\n<li>Charitable Corporation<\/li>\n<\/ul>\n<p>I\u2019m only going to give you one piece of advice on the best legal structure for your company.\u00a0 Talk to your family attorney if you\u2019re a small or home-based business or to an attorney specializing in business and tax law if yours is a mid-sized or large organization.<\/p>\n<p>My partners and I are organized as a subchapter\u00a0S corporation that provides professional consulting services, and we each own stock representing our investment in money and intellectual property.\u00a0 This form limits our liability and passes tax reporting responsibility to us individually.\u00a0 I also have a sole proprietorship LLC which offers consulting and technical services.\u00a0 It too limits personal liability and is disregarded for tax purposes.\u00a0 Suffice it to say we had the advice of a very experienced family and estate planning attorney and certified public accountant when legally forming our businesses.<\/p>\n<p>However, my purpose with this blog is to deal with structuring your organization for performance.\u00a0 So here\u2019s a very important \u201cBetter Business Basic\u201d for you, leave the legal stuff to the experts!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A few quick comments on the legal aspects of organizing your business\u2026\u00a0 There are several forms your business can take for legal and tax purposes.\u00a0 Those forms include, but may not be limited to: Sole Proprietorship Partnership Limited Liability Company (LLC) Sole Proprietorship LLC Professional LLC Professional Corporation Subchapter S Corporation Subchapter C Corporation For &hellip; <a href=\"https:\/\/pcoassociates.com\/blog\/organizing-your-organization-the-legal-stuff\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Organizing Your Organization: The Legal Stuff<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/pcoassociates.com\/blog\/wp-json\/wp\/v2\/posts\/95"}],"collection":[{"href":"https:\/\/pcoassociates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pcoassociates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pcoassociates.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pcoassociates.com\/blog\/wp-json\/wp\/v2\/comments?post=95"}],"version-history":[{"count":0,"href":"https:\/\/pcoassociates.com\/blog\/wp-json\/wp\/v2\/posts\/95\/revisions"}],"wp:attachment":[{"href":"https:\/\/pcoassociates.com\/blog\/wp-json\/wp\/v2\/media?parent=95"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pcoassociates.com\/blog\/wp-json\/wp\/v2\/categories?post=95"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pcoassociates.com\/blog\/wp-json\/wp\/v2\/tags?post=95"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}