Legal Question in Business Law in New York
Business Law Question
My wife and I are about to start a small online auction business. We need a business checking account to do this. However, we have some credit problems due to my having a heart attack 2 yrs ago and being unable to return to work.
We need to know what business format (Regular Partnership, Limited Liability Partnership, etc) we need to set up in order to protect the business accounts from any of our personal creditors who might try to freeze those accounts.
2 Answers from Attorneys
Re: Business Law Question
Generally the best business structure to use is the corporation, or some derivative there of, in order to protect your personal creditors from the business and your business and the business creditors from your personal creditors... my website has a lot of information regarding the diffrent business structures, feel free to visit the sit to get a little more information on the subject. You can visit our website at www.cgonzalezlawfirm.com - you may also email us directly if you have an questions or call us directly at 2127098303
Re: Business Law Question
Probably an LLC would be your best approach, but ther are a lot of other things you need to know before you start to set up your online business. Feel free to contact me; my firm focuses on the Internet.
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