Business Formation
Richards & Associates is experienced in
forming your business either as a
Proprietorship, Partnership, Corporation, or a
Limited Liability Company. We are also familiar
with establishing payroll systems for your
employees, and the filing of various tax
elections, such as the Sub Chapter S election
through the IRS.
Richards & Associates has prepared hundreds
of new corporations for local businesses that
have remained clients of the firm for many
years. We stay with you and your business as it
grows and evolves. We handle all legal matters
that arise, including contract negotiations,
employee issues, and any litigation in which you
would need representation. We also have
experience in handling the issuance of Common
Stock in your corporation including Preferred
Stock, Voting and Non-voting Shares, and the
formation of Joint Ventures between your
corporation and another.
For more information or to schedule an
appointment please call 513-871-8755
(Cincinnati), 513-871-8755
(Springfield/Dayton), or email info@tdrlaw.net.
Business Formation Terms:
- Sub-S Corp- An IRS term for
taxes. This election must be made in the
first 2 ½ months after your
corporation is open for business and
generating taxable income
- L.L.C- A Limited Liability
Co that does not have stockholders. You must
account for all of your income as wages and
will get a W-2 for all of your income.
Unlike a Sub-S, which does not require all
of your income to be wages, subject to
social security, unemployment and workers
compensation taxes
- Partnership- Two or more
members together generating taxable income.
You are also personally liable for the debts
of the partnership, unlike a corporation
where you are not personally exposed
- Proprietorship- An
individual business owner who has no
partners or corporation.
- Joint Venture - the joining
of usually two corporations who go together
to start a third business for the benefit of
both entities, sometimes in a field
unrelated to the core business of the two
corporations.
