Business Formation Attorney in Minneapolis, Minnesota

Types of Legal Entities

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Well, there’s numerous different types of entities.  And the best one to use depends on what the purpose of the company is going to be.  

So, for example, if the company is a real estate holding company, maybe we’ll use a limited liability company format or perhaps a limited partnership, something that is amenable to moving real estate in and out.  On the other hand, if this is a manufacturing company with numerous shareholders, we might look to more of a corporate structure.

But there’s a lot of variables that go into that decision.  It’s an important decision that needs to be made at the beginning.

Minneapolis Business Litigation and Real Estate Attorney Brent Johnson discusses the various types of legal entities.

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