Anybody forming a new company should consult with incorporation lawyers familiar with entity formation to assist them in deciding which is the appropriate entity for the new business. While the televison and radio ads make it sound easy, there are numerous things to think about such as name selection, business plan, name registration, entity formation, bank accounts, financing, and accounting and tax planning. The corporation, sub chapter S corporation, limited liability company, limited family partnership, general partnership and joint venture are some choices. Each of these has its own tax structure, which may allow significant benefits, depending on individual needs, and impact business as well as individual taxes. There are documents that require filing with the Mississippi Secretary of State, as well, as IRS forms to be completed. Depending on the entity it may be controlled by shareholders, member or manager or partners, and the formation documents vary from a partnership agreement, operating agreement, or shareholder agreement and stock certificates. When selecting someone to handle your corporate formation, be sure to consider incorporation lawyers that are familiar with all aspects of corporate formation.
350 Arbor Drive, Suite D| Ridgeland, MS 39157 | Phone: (601) 957-9460 | Fax: (601) 206-1612
