Business Contracts, Corporations and LLCs
A corporation is an independent legal entity owned by shareholders. A corporation’s shareholders are insulated from liability by the corporate entity. Corporations are more complex than other business structures because they tend to have costly administrative fees and complex tax and legal requirements. Accordingly, corporations are generally better suited for established, larger companies with multiple employees. For businesses in that position, corporations offer the ability to sell ownership shares in the business through stock offerings.
An LLC, or limited liability company, is a creation of state law. In 2014, New Jersey adopted the Revised Uniform Limited Liability Company Act (“RULLCA”), N.J.S.A. 42:2C-1 to -94, which outlines the set up, operation and dissolution of LLCs in the state. An LLC can be owed by one person or one hundred people. An LLC has a number of advantages for someone starting a small business, but most importantly an LLC insulates its owners from personal liability.
Whether your business is a corporation or an LLC you will eventually be faced with a commercial contract. Commercial contracts can be daunting documents replete with technical terms and legalese. The attorneys at Hoffman & DiMuzio are experienced in reviewing commercial contracts and providing our clients an insightful analysis so that they can make the best decisions for their business.
How An HD Business Attorney Can Help
The skilled attorneys at attorneys at Hoffman DiMuzio have been providing guidance to businesses in the South Jersey area since 1978. Expertise when dealing these issues is critical in providing clients with the best possible outcome.
Six Convenient NJ & Philadelphia Law Office Locations
Our attorneys are conveniently available to you in five locations in New Jersey – Woodbury, Franklinville, Sewell, Turnersville, Mullica Hill, as well as a Philadelphia office as a convenience for those who reside in NJ but work in the city.
We would be happy to meet you at any one of our six office locations; whichever is most convenient for you.
To set up a consultation, simply fill out the quick contact form below and a representative will reach out to you shortly.
Speak With A Business Contract, Corporation and LLC Attorney
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Disclaimer: please note this page was written to provide information about the law and is not legal advice. Click here to read more about our disclaimer and our fees and services.