Legal Question in Business Law in Florida
We are starting a mom and pop bimonthly local publication. Since we're so small and have no employees, is it necessary to file for an LLC or S corp.?
Asked on 10/11/09, 12:48 pm
3 Answers from Attorneys
Alan Wagner
Wagner, McLaughlin & Whittemore P.A.
It is not "necessary." It may be advisable, though.
Answered on 10/11/09, 1:18 pm
Sarah Grosse
Sarah Grosse, Esquire
Nope. The reason you would want to form an LLC or Corporation is to protect your personal assets. Like, if someone sues you, they can only recover the assets of the business, not your home, cars, investments, etc.
Answered on 10/11/09, 2:22 pm
Lesly Longa
Longa Law P.A.
It depends upon your exposure to liability. I would check out the U.S. Small Business Administration's website for additional information about the pros and cons of each business structure. Please feel free to contact me if you need legal help with your business formation or contracts.
Answered on 10/11/09, 5:04 pm
Related Questions & Answers
-
I am purchasing a business for 1.2M and I have sought out a broker to help me find... Asked 10/10/09, 12:24 pm in United States Florida Business Law
-
My question regards an LLC i have set up. I recently switched my IRA to a... Asked 10/10/09, 10:17 am in United States Florida Business Law
-
I apologize but my question is a bit involved If an internet business trade portal... Asked 10/10/09, 10:15 am in United States Florida Business Law
-
My sister an i own a company together i just found out she is paying herself more... Asked 10/10/09, 12:30 am in United States Florida Business Law
-
Hi, I just started a new job and it requires alot of travel. If we drive 3 hours... Asked 10/09/09, 6:36 pm in United States Florida Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
