If you are ready to start a business, our attorneys can help you determine which type of business best fits your needs.
General Partnerships – In Virginia, a general partnership is a for-profit business involving two or more partners who own the company. Though partners are often individuals, they can also be corporations, estates, trusts, and even LLCs, among others. Partnerships do not typically require a formal agreement.
Corporations – A corporation is another common type of business formation in Virginia. To create a corporation in the Commonwealth, the business owners must file Articles of Incorporation with the Virginia State Corporation Commission. Corporations in Virginia might need a state or local business license, depending on the type of business.
LLCs – A limited liability corporation (LLC) has characteristics of both a general partnership and a corporation. LLC’s offer businesspeople many advantages, including structural flexibility, freedom from personal liability, avoiding double taxation, and reduced administrative hassle.
Forming a business is complex, but our attorneys are intimately familiar with business laws and can help make the process easier and more efficient. We have the necessary knowledge to make sure that your business complies with all state and local laws.
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For skilled and experienced assistance with a civil matter, turn to the Virginia civil litigation attorneys at Taylor, Taylor & Taylor, Inc. Reach out today for a thorough and confidential consultation with a member of our team.