Business Formation and Entity Planning
Handling All Aspects of the Law for Your New Business
If you’re just starting a new business, sometimes you need legal advice to get going. If you own an established business, you may need help with contracts or legal documentation. No matter your request, you’ll have all of your needs addressed at JJL Law Group – Joseph J Loss. Contact us now for a FREE consultation!
Experienced Business Attorneys for all aspects of your Business
C-Corporations are taxable entities. The corporation is taxed on its income as opposed to other types of entities in which all income passes through to the owners. If there is no plan to distribute all profits of the business to its shareholders, then creating a C-Corporation may be beneficial.
S-Corporations have most of the same benefits as C-Corporations. The only main difference is that with an S-Corporation, all profits of the company pass through to the shareholders.
Limited Liability Company (LLC)
LLCs have become the most flexible and preferable entity for most operating businesses. They combine tax planning flexibility with administrative simplicity, legitimate asset protection, and a built-in plan for succession of interest after the business owner retires or dies.
JJL Law Group – Joseph J Loss
255 E Lake Street
Bloomingdale , IL 60108
Main: (630) 424-1100
Fax: (630) 424-1101