Business Formation
Setting up your business with the right entity is critical to establishing a strong foundation. Bross Law, LLC, a trusted business formation attorney, provides expert guidance on choosing, forming, and registering the best business structure for your goals, whether it’s a Limited Liability Company (LLC), Corporation, Partnership, or Sole Proprietorship.
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Formation Services
Free & Flexible Consultation
Bross Law, LLC offers a free initial consultation to help you navigate the business formation process. We’ll discuss your business goals, preferences, and legal requirements to determine the best approach.
Remote & Efficient Process
Our services are fully remote, ensuring convenience and flexibility. Whether through phone, video conferencing, or email, we provide clear guidance and updates every step of the way. With our streamlined approach, your business formation can be completed in a matter of days.
We help with:
Bross Law, LLC can help in the following ways:
- Choosing the right name for our business
- Choosing the appropriate legal entity
- Draft by-laws, operating agreements, certificates of organization, partnership agreements or other documents.
- Obtain tax/employer ID number (EINs)
- File the initial Beneficial Ownership Information Report
- Register business name with appropriate state organization
- Issue and prepare stock certificates
- Resolve any shareholder or member disputes
Flat-Fee Business Formation Packages
Begin with our LLC or Corporation Formation Package, designed to streamline the entity formation process and ensure compliance with all Massachusetts requirements.
Corporate Records Repair
Need help with missing or incomplete corporate records? Our Corporation Repair service ensures your Massachusetts corporation’s records are complete and compliant.
Which Business Entity is Best for Me?
Big Picture Legal Solutions
Here are key factors to keep in mind as you decide on your business structure:
- Ownership and Investment: Whether you’re a sole owner or have partners can impact entity selection.
- Citizenship Requirements: Some structures have specific owner citizenship or residency requirements.
- Active Involvement: The level of owner participation in management may affect your choice.
- Contributions and Compensation: What each owner contributes and whether they’ll draw a salary may influence the structure.
- Asset Protection: If personal asset protection is a priority, limited liability options like an LLC or corporation may be best.
- Future Plans: Consider long-term goals, like seeking investors or passing the business on.
- Formality Preference: Corporations require more formalities, while LLCs offer flexibility.
- Securities and Tax Considerations: Entities vary in eligibility for securities exemptions and tax benefits.
LLC vs Corporation
Limits liability for business owners
Limits liability for business owners
Less paperwork and formalities
More paperwork and formalities.
Flexible Structure
Formal Structure
Why Choose Bross Law?
About Us
Fees & Packages
Bross Law, LLC provides world-class legal services at a rate that is a fraction of the business attorney fees charged for comparable legal services at big Boston law firms.
Affordable, Expert Service
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Let’s discuss your legal support needs for your business.
Frequently Asked Questions
What are the main differences between an LLC and a corporation?
An LLC (Limited Liability Company) provides flexibility in management and tax structure, making it ideal for small businesses. A corporation, on the other hand, is more structured, with a board of directors and formalities that suit larger or investment-focused companies. Corporations can issue stock, which makes them appealing to investors.
What is the difference between a C-Corp and an S-Corp?
A C-Corp is the standard corporation structure, subject to corporate tax rates, with potential double taxation on dividends. An S-Corp is a special designation that allows pass-through taxation, which avoids double taxation. S-Corp status is only available if specific IRS requirements are met.
Which entity type is better for protecting personal assets?
Both LLCs and corporations offer limited liability, meaning your personal assets are generally protected from business debts and liabilities. Choosing the best option depends on factors like your business goals, management style, and tax preferences.
How is each entity taxed?
LLCs offer pass-through taxation, meaning profits are taxed once at the individual level. However, LLCs can also elect to be taxed as corporations. Corporations (C-Corps) are taxed at the corporate level and again on dividends at the individual level (double taxation). S-Corps, on the other hand, allow pass-through taxation, similar to LLCs.
Can a single person form an LLC or a corporation?
What are the ongoing compliance requirements for each entity?
What is pass-through taxation?
Pass-through taxation means business profits “pass through” to the owners and are taxed only at the individual level, avoiding corporate income tax. Both LLCs and S-Corps offer this tax treatment, whereas C-Corps are taxed at both the corporate and personal levels.
What is an EIN, and do I need one?
How much does it cost to form an LLC or corporation?
The cost varies by state and includes filing fees. Bross Law, LLC offers flat-fee packages for both LLC and corporation formation, ensuring transparent pricing.
How long does the formation process take?
Once filed with the state, processing times can vary. In Massachusetts, formation generally takes a few business days, though expedited services are available.
Do I need a separate bank account for my LLC or corporation?
Yes, keeping business and personal finances separate is essential to maintain limited liability protection. A dedicated business bank account also simplifies accounting and tax preparation.
Can I change my business structure in the future?
Yes, you can change your business structure as your business grows. This process often involves filing conversion paperwork with the state and may have tax implications.
What is included in Bross Law’s business formation packages?
Who will be handling my case at Bross Law?
Why should I choose Bross Law, LLC for my business formation needs?
Bross Law, LLC provides experienced, personalized guidance with transparent pricing and accessible, flat-fee packages. We simplify the formation process, ensuring your business has the right foundation for success.
Get a Free 30-Minute Legal Consultation
Let’s discuss your legal support needs for your business.