GPSolo

Advising Clients about Choice of Entity

By Aastha Madaan

When I first started practicing business law, I quickly learned that although clients seek help with setting up a legal entity for their business, their main goal is usually profitability in their business—and rightly so. Clients seek legal help to attain this goal and to address their concerns. The three main concerns I commonly encounter from business clients are: (1) legal protection from liabilities; (2) tax liabilities; and (3) simplicity in recordkeeping and ongoing compliance.

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