Legal Question in Business Law in Virginia
How to make an LLC or corporation
I run a paintball league that I personally do not profit from. The fields that I host the games on receive profits. I would like to be able to generate some income of my own possibly next year. I run the league on six Virginia fields this year and plan on holding a couple in Maryland next year. I already have established the business enough to have it on file with the city I live in and a business checking account has been set up. I also have a Tax ID number from the IRS. How do I go about setting up my business to be ''legitimate'', such as an LLC or a corporation? Also, how do I know which is better for my particular business?
1 Answer from Attorneys
Re: How to make an LLC or corporation
I would need to know a little more about how the arrangement is set up with the fields and your involvement in the leagues. Then we could discuss the pros and cons of the LLC or other corporate entities...setting these up is not difficult. Feel free to contact our office to discuss this further. 703-671-8200
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