Business Formation Attorney in Minneapolis, Minnesota

Types of Legal Entities

Minneapolis Business Litigation and Real Estate Attorney Brent Johnson discusses the various 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.

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