Email Our Firm

Rethinking the structure for business formation

The choices that an entrepreneur will make during the startup process will impact an Oregon business for years to come. Making the decision of the specific legal structure of a business will determine things such as taxation and the owner's personal liability for business debt. Sometimes, the structure chosen during the business formation process is not working long-term. It may be necessary to rethink and ultimately change this designation.

As a company grows, its needs and objectives will change. While it can be complicated to change the structure of a business, it may be necessary in order to allow the company to eventually reach its maximum potential. There are both legal and financial ramifications to this decision, and an entrepreneur may find it helpful to seek experienced guidance before moving forward with a change. An example of changing a business structure is a sole proprietorship changing to a partnership.

A limited liability company is a popular option for many Oregon entrepreneurs. It has characteristics of both a general partnership or sole proprietorship and a corporation. There can be benefits and drawbacks to every business structure choice, and it's prudent to consider both the immediate needs of a business and long-term objectives when making this decision.

Before making an important decision, it may help to discuss business concerns with an experienced legal ally. An attorney can provide invaluable assistance during the business formation process and when it is necessary to change the original structure of a company. Having knowledgeable assistance can help a business owner pursue his or her goals with minimal setbacks and complications.

No Comments

Leave a comment
Comment Information

Client Testimonials

  1. “Your business model is such a fresh approach to the way legal services are typically delivered.”

    President, Manufacturing
  2. “Phil will help you understand the process you are going through, and is very passionate about your needs and situation.”

  3. “Phil, responded to my numerous questions promptly and completely. Very reasonable rates, no overbilling. Kept me informed of progress.”

  4. “Ben legally clarified the language in my contracts without turning them into super verbose mumbo-jumbo.”

    Kevin L.
  5. “Everyone, that I've interacted with is professional, knowledgeable, forthcoming with information and educating and caring.”

    Alanna C.

425 NW 10th Avenue
Suite 200
Portland, OR 97209

Toll Free: 866-280-7562
Phone: 360-258-1268
Fax: 503-417-4250
Map & Directions