Legal Question in Business Law in Georgia
How do I classify this service
I want to start a business helping the homeless on the streets of atlanta. Offering access to phones, job resources, counseling, training and low income housing ect. And/or connect them with other resources that are available. The problem is that I do not know how to classify it (nonprofit, limited liability, sole proprietor.) Can someone please assit me in determining what would be best and why? I would greatly appreciate and use your expertise.
1 Answer from Attorneys
Re: How do I classify this service
What type of business you should create depends on many factors and some have certain restrictions. In any case, you need to create a business entity that would shield you from personal liability, i.e., if your company was sued, they could not go after your personal assets.
You also need to consider all tax consequences for each entity. I would suggest an entity with �pass-through taxation,� which means that the company itself would not pay taxes. You would pay them on a personal level.
If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.
The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.
Glenn M. Lyon, Esq
MacGregor Lyon, LLC
Promenade II
1230 Peachtree Street NE
Suite 1900
Atlanta Georgia 30309
Phone 404.942.3545
Fax 404.795.0993
www.macgregorlyon.com
Confidentiality Notice
This message is being sent by or on behalf of a lawyer. It is intended exclusively for the individual or entity to which it is addressed. This communication may contain information that is proprietary, privileged or confidential or otherwise legally exempt from disclosure. If you are not the named addressee, you are not authorized to read, print, retain, copy or disseminate this message or any part of it. If you have received this message in error, please notify the sender immediately by e-mail and delete all copies of the message.
Related Questions & Answers
-
Lay-away Put a piano on lay-away at local music store. We did not have a written... Asked 2/26/05, 12:33 pm in United States Georgia Business Law
-
Question about no compete clause of business I purchased I recently purchased a... Asked 2/12/05, 8:24 pm in United States Georgia Business Law
-
Credit card use permission I am a used car dealer who finances cars. I have a... Asked 2/02/05, 4:21 pm in United States Georgia Business Law
-
Non Compete Laws I started my own company with some techs from a company that I did... Asked 1/28/05, 12:22 am in United States Georgia Business Law