Incorporations and LLC

Running a business comes with substantial risk.  As a business owner or future business owner, you want to ensure that you are insulated from the liabilities of operating your business.  Incorporating or forming a separate legal entity, such as an LLC or S Corp, is how we do just that. The entity takes on a separate legal identity from the individual owner.

Call or email today to schedule a consultation: (412) 294-8444 or rcozza@cozzalaw.com 

Advantages of incorporation

Some of the advantages of forming a company are:

* Asset protection for the owners by keeping them separate from   the company’s assets

*  Favorable tax treatment in most instances by allowing owners to select the way they are taxed

*   Flexibility in management and control by giving the owners the ability to dictate in the organization documents how they want the company to be run

* Potential privacy of ownership

Cost of incorporation

We understand that businesses have budgets and understanding what something will cost upfront is very important to business owners.  At the Law Office of Rocco E. Cozza, we are conscientious of the budgets business owners have to work with and we will work on a flat fee basis to form your company. Before you go online and form a company through some website without the help of an attorney, call our office, you won’t regret it.  And as always, we always offer a free consultation to make sure that you make an informed choice.

Options for business entities

Choosing the right entity is not an easy task, as there are advantages and disadvantages to each type entity. Some of the most common business entities are below.  Before you select an entity, make sure your understand why you are selecting it and if it is the right choice for you.

▪Limited Liability Company (LLC) – The LLC is the most common form of small business organization being formed recently. An LLC offers flexibility, protection and minimal administrative hassles..

▪Corporation (Inc.) (C or S) – These entities both require more administrative tasks and formalities.  However, there are advantages to forming either one which is why consulting with a business attorney is a must.

▪Non-Profit Corporation – The legal form is similar to a for-profit corporation, but a non-profit corporation is formed for some community, educational, religious or charitable purpose. Additional regulations apply, but non-profit corporations can benefit from tax exempt status.

▪Limited Partnership (LP) and Limited Liability Partnerships (LLP) – The limited partnership offers liability protection for the limited partners who are treated as investors. There is no liability protection for the general partner, who retains most of the control of the business.

▪Professional Limited Liability Company (PLLC) – This is similar to the limited liability company form, but designed for restricted professional activities only.

▪Professional Corporation (PC) – This is similar to the corporation form, but designed for restricted professional activities only.

Incorporation packages

As stated above, all of our incorporations are done on a flat fee basis to take the guess work out of what it is going to cost.  The fee for these services typically include the following:

1.Entity selection base on each individual client’s situation and needs.

2.Search name availability in both Pennsylvania and the U.S. Patent and Trademark Office to ensure there are no potential issues.

3.Draft the formation document to be filed with the Department of State.

4.Federal Registration by obtaining your EIN number.

5.Post-formation Consultation to ensure the owners have a plan and understand what is required moving forward.  We also help them develop relationships with bankers, accountants, insurers, marketers, and advisors who can help the business get off the ground.

Call or email today to schedule a consultation: (412) 294-8444 or rcozza@cozzalaw.com