Entity FormationCreate your desired entity with our legal expertise
The business formation process is a vital step in creating a new company. Royal Law personally ensures every step of the process fits with the vision of the company’s founders. We provide services for a variety of entities including limited liability companies (LLCs), series LLCs, C corporations (C corps), S corporations (S corps) and limited partnerships (LPs). We are here to take care of all your entity formation needs.
A limited liability corporation, or LLC, legally separates your personal affairs from your business affairs, thus preventing you from being personally responsible for debts or liabilities of your business. Royal Law can take care of all the legwork to help you set up an LLC, giving your personal assets priceless protection.
If you have several businesses, you may benefit from establishing a Series LLC, which can group multiple LLCs under one umbrella. This creates additional layers of protection for your personal assets. This may enable you to pay one set of annual state fees rather than multiple, as well as giving you the ability to file one income tax return. Utilize our expertise at S-LLCs to protect your businesses and personal assets.
There are many benefits to establishing a C corporation: they are often at a lower risk of being audited, the owners and shareholders have a limited liability toward business debt, plus the C corp can write off the cost of benefit as a business expense. Let us share with you the many benefits of a C corp and complete all the legal documentation necessary to form your C corporation.
An S corporation is a corporation that chooses to pass corporate income, losses, deductions and credits through to their shareholders for federal tax purposes. There are certain requirements a corporation must meet to allow for S corp status. Royal Law can help educate you on the requirements, and draw up and submit the appropriate paperwork to qualify as an S corp.
A limited partnership, or LP, must have at least one general partner and one limited partner. While limited partners don’t receive dividends, they do get direct access to the flow of income and expenses. The biggest advantage to a limited partnership is that the owners generally are not liable for the company’s debts. Royal Law can guide you through the creation of a limited partnership and advise you each step of the way.