Experienced Guidance For Startup Businesses In Orange Park

Starting a new business is an exciting time. You have a dream, perhaps one you have always carried around in the back of your mind, and now you are finally ready to put it into motion. At Fuller & Associates, Attorneys at Law, we want to help you succeed in that dream. We offer assistance with business formation and strategic planning for new startups and commercial clients throughout the Orange Park/Fleming Island area of northeastern Florida. With more than 30 years of experience to back us, you can rely on our input to help you not only get started, but thrive.

Things You Must Consider When Starting A Business

This subject could take up a small book itself, but in brief, the type of business entity to choose involves a consideration of many factors, such as:

  • Your business background and experience
  • The financial needs of the business and how it will be capitalized
  • Your business plan and goals
  • Your own personal objectives, e.g., employment of family and estate planning
  • Determining how those involved will be compensated and how will profits be distributed
  • The tax considerations of each form of business entity
  • Liability and legal concerns of each form of business entity
  • The management and control aspects of the entity and the relationships of those involved
  • The administrative complexity and expense associated with the choice and use of a particular form of business entity

Thankfully, you do not have to consider these factors in a vacuum. As a businessman himself, attorney Barry Fuller understands the practical outcomes of these considerations and can help you reason out what seems to be the best fit given your current situation and your overall goals for the business.

Choosing The Right Entity To Fit Your Goals

The considerations above will naturally help you narrow down your choice of business entity. The following represents the common outcomes:

  • A sole proprietorship, which is taxed in the same manner as the individual who actually owns and operates the proprietorship business
  • A partnership, which is generally taxed in the same manner whether it is a general or a limited partnership
  • A "C" corporation, which has not elected to be treated as a so-called "S" corporation for tax purposes
  • An "S" corporation, which has made an election to be treated as a S corporation, thereby gaining some of the advantages of being treated as a partnership for tax purposes
  • A limited liability company, which offers both limited liability and many of the tax advantages associated with partnerships

Once the appropriate form is chosen, we will prepare all the organizational documents and conduct the requisite meetings necessary to make your business a legally qualified and functioning entity in Florida.

Helping Your Business Thrive

After getting your business set up, the hard part of running and growing your business begins. However, we will not simply disappear into the ether. Our firm offers a broad range of business services with respect to employment, general counsel and advice on the day-to-day operations. We seek to become a long-term partner for your business.

Call our firm at 904-637-1129 or send us an email to get started. We offer appointments during normal business hours, as well as in the evenings or on the weekends as needed.