Peterson Waggoner & Perkins, LLP regularly works with clients who are interested in developing business entities. We would be glad to work with you on such a project.
A business entity is a means of starting a business. Once generally referred to as incorporating a business, the types of entities available to structure your business has greatly expanded over the past twenty years.
Limited Liability Entities, or LLEs, are regularly used to provide protection for the owners of a business. An LLE separates the business as an entity from the personal assets of the owner, and by separating them, provides protections to the personal assets of the owner. Various types of LLEs are:
- Limited Partnerships (LP)
- Limited Liability Companies (LLC)
- Limited Liability Partnerships (LLP)
- Real Estate Investment Trusts (REIT)
- LLEs are all regulated by the state in some method, and require proper registration to obtain the limited liability protections made possible by the state legislature.
- LLEs also can have certain tax benefits for the investors. These are complex legal and tax entities and should be created only in consultation with a knowledgeable and experienced attorney.