Convenient Business Organization Advice
Are you a business owner or working as a real estate investor or developer? If so, you could be found personally responsible for damage incurred by others at your business, regardless of its cause.
You could also find yourself personally liable for debts that result from your business or real estate ventures. Incorporating may not be as expensive an option as you think and our team at Fleming & Miranda can help you decide the course of action that would best serve your needs and protect your business.
Creating a Corporation
Creating a corporation is just one possibility that our team can help you with. Being a corporation allows your business to operate normally while shielding you from the personal liability or debt issues associated with operating a business.
Limited Liability Companies
Limited liability companies (often referred to as an LLC) are similar to corporations because they help to shield company members from liability. The primary difference between the two is the manner in which a limited liability company is taxed.
Trust Corporations
There are also a number of trust options that can be used for specific purposes. Trusts work by separating legal and equitable titles by naming a person to manage the assets of the trust for others. Trusts are also commonly used to assist with the distribution of property, shield members from liability and more.
Please call 781-395-1000 today for more information about these options and how they could benefit you!