Belleville: 618-234-9800 | Edwardsville: 618-656-2244 | ST. LOUIS: 314-421-2325

Practice Areas

Formation of Business Entities

Selecting the right type of business entity is essential to your business’s overall financial success. MM&R attorneys understand that every business operation has unique objectives, and we have the experience to help you select the right type of entity to achieve those objectives. The various types of entities include:

 

  • Limited Liability Companies – An LLC is a business structure that combines the limited liability of a corporation and the tax efficiency with the operational flexibility of a partnership.
  • S Corporations – An S Corporation is a corporation subject to flow-through taxation, meaning the corporation’s income and other tax attributes flow through to the shareholders, eliminating the corporate level tax.
  • C Corporations – A C Corporation is a corporation that has not elected to be taxed as a flow-through entity. A C corporation’s income is subject to double taxation when distributed to shareholders in the form of dividends.
  • General Partnerships – A partnership is a single business where two or more people share ownership. In a general partnership, profits, liabilities and management duties are split among partners. General Partnerships do not provide liability protection to the partners.
  • Sole Proprietorships – A sole proprietorship is the simplest business form under which one can operate a business. It legally has no separate existence from its owner. The owner must report all profits and losses on his or her personal taxes.

 

We will examine your business objectives and compare both the legal and tax implications for each entity type to help you decide which type of entity and tax treatment would be best for your business.

To speak with an experienced business lawyer from Mathis, Marifian & Richter, Ltd. about the formation of your business, contact us today.

CONTACT

To discuss your legal needs, contact
the lawyers of Mathis, Marifian & Richter.

BELLEVILLE: 618-234-9800
EDWARDSVILLE: 618-656-2244
ST. LOUIS: 314-421-2325