Legal Question in Business Law in New Jersey
Legal entity
When starting a web based business, which type of company should I form (corp, LLC, DBA, etc)?
And can I use this one formation to umbrella different websites with different site names but under that same one company & bank acct?
3 Answers from Attorneys
Re: Legal entity
If you are going to be doing any type of real business, I suggest you get a good business lawyer to work with you. I only do business litigation so I can't help you, but I can probably refer you to a lawyer if needed me to.
Re: Legal entity
You definitely want to establish either a Limited Liability Company or a corporation. Usually, a LLC is best. The specific facts of your business will determine the choice of business entity. My web site, http://www.taxesq.com addresses many of these issues in more detail.
I hope this helps!
Ron Cappuccio
http://www.TaxEsq.com
http://www.LLCLawyer.com
Re: Legal entity
The answer also depends upon the nature of your web-based business, and the sort of risk and exposure you're likely to assume. You may be interested in an instructional DVD I recently released on the legal considerations of starting a web-based business. You can find details of it at www.informationlaw.com.
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