Legal Question in Business Law in Minnesota
LLC LLP Partership or Inc.
Two friends and I intend to start up a web development company. Initially, it will provide a service, but eventually we intend to convert those services to products.
We are trying to determine what would be the best legal entity to setup: LLC? LLP? straight Partnership? or fully Incorporated?
We are based in Minnesota. But will most likely end up residing in MN, NY, and WA.
Asked on 8/12/07, 3:53 pm
1 Answer from Attorneys
David Anderson
Anderson Business Law LLC
Re: LLC LLP Partership or Inc.
Absolutely do an LLC. Just be careful to complete all steps required to be protected, not just filing.
Operating Agreement, Member Control Agreement, Buy-Sell etc.
I can help with those if you need an assist.
My area of concentration is Business & Internet Law.
Answered on 8/12/07, 9:28 pm
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