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Sole Proprietorship versus Corporation? Selecting the Right Business Entity

One of the most important decisions that a business can make is selecting the right structure.  Choices include general partnership, limited liability partnership, limited liability company, corporation, and sole proprietorship. When considering these options, clients must think about the management, liability, insurance, and tax aspects of each of these forms of business. When selecting the right business form we ask all of our clients the following questions:

• What is the current form of business?
• What are the liability and tax concerns?
• How many principals and employees exist?
• How are responsibilities allocated between principals and employees?
• How much liability insurance does the business currently carry?
• How much business does the firm do out of state?

At Bjornson Law Offices we assist existing businesses, startups, and entrepreneurs with business formation by reviewing the goals and individual facts present in each situation to recommend the best entity and the different options available under each corporate structure. We advise our clients about:

• Business formation and entity selection
• Business succession planning
• Closely held corporations and family-owned businesses
• Corporate structure, incorporation, C corporations, and S corporations
• Director and officer liability
• Dissolution and divestitures
• Franchises and franchising interests
• Insurance planning and coverage
• Joint ventures and partnerships
• Limited liability companies and limited liability partnerships
• Mergers and acquisitions
• Nonprofit organizations and associations
• Reorganization and restructuring
• Sole proprietorship
• Startups

Bjornson Law Offices is located in Missoula, Montana, and we serve a variety of individual and business clients throughout western Montana, including Missoula, Polson, Thompson Falls, Butte, and Anaconda. We also practice in the State of Washington and represent clients in Seattle, Spokane, Pullman and Tacoma. We offer our clients:

• Initial consultations with an attorney licensed in Montana and Washington
• Broad legal experience in accounting, business and tax law
• Convenient office location in Missoula, Montana
• Personal service and cost-effective results

For further information please contact us today. To learn more about a variety of business topics affecting businesses, corporations, and partnerships in Montana and Washington please click here to go to our Business FAQ page.