Business Formation

Realize your dream of starting a business with our business formation attorney
Contact Us Today

Business Formation Attorney In Denver, Colorado

Getting Your Business Off On The Right Foot

So, you’re ready to make your dream a reality. But to make a success of it entails a lot of risks. While we can’t help with logistics logjams, we can protect your business from the legal risks involved in business formation. Our experienced business formation lawyers can help you choose the best type of business legal structure for your specific situation. With years of experience helping businesses get off on the right legal footing, we can make a huge positive impact.


Choosing the appropriate legal structure for a new business is a critical decision that can significantly impact the success and profitability of the company.


The main types of business entities include:


  • Sole proprietorship – one person is responsible for the company's profits and debts
  • Partnership – the business is owned by two or more individuals
  • Limited liability company (LLC) – a hybrid structure that can consist of owners, partners, and shareholders
  • Corporation – an entity that is separate from its owners and therefore has its own legal rights
  • Cooperative – a private business organization that is owned and controlled by the same people it serves


Because changing a legal structure after a business is registered can be very challenging, it is important to make the right choice the first time around. You will need to consider such factors as your financial needs, risks, goals, and ability to grow. This will enable you to make an informed decision about the type of structure that will allow your business to go where you want it.

Contact Denver Business Lawyers to schedule a consultation with a lawyer today. 303-500-5243

What Type of Business Structure Should I Choose – Corporation or Partnership?

There are several ways you can structure your business. If you have shareholders and a high risk factor, a corporation might be your best choice since shareholders cannot lose their personal assets even when they lose the funds they invest. Partnerships are perhaps the riskiest structures you can choose. In a general partnership, each partner assumes liability for the company’s debts and the other partner’s actions. In a limited partnership, though, the limited partners are not liable for the company’s debts. However, this structure requires that one of the partners remains liable for the partnership’s debts. Don’t start your business without knowing what option suits your business model best.

Are There Any Other Structural Options for My Business?

Most smaller startups choose the limited liability company (LLC) option. LLCs have the liability protection of corporations while still having the option to choose how to distribute their profits. They also are eligible for the pass-through tax option – paying individual income taxes rather than the higher rate the government imposes on corporations. Our business formation legal team can help you find which structural option is the best choice for your situation. Get in touch today to arrange a consultation with one of our attorneys.

Contact Us Now
Share by: