If you want to invest in the United States, or if you already have a company in the United States, Zhang, Mingee law firm can assist you in dealing with all aspects of legal services relating to the establishment of the company, due diligence for company acquisition, contract review, licensing of various projects, and intellectual property issues.
Deciding the right business structure is one of the most important decisions you can make. Your business structure determines, among other things, individual liability and the taxation of profits. We can help you decide the best structure for your situation and provide the legal services to establish your business.
A sole proprietorship is an enterprise owned by a single person. Income is taxed on the owner’s personal income tax return.
A partnership is a business owned by two or more individuals. The partners share the profits and liabilities of the business. The most common types partnerships are general partnerships in which each partner shares equally in the liability, and limited partnerships in which some partners’ liability is limited to the amount they have invested in the partnership.
A corporation (C Corp) is a legal entity that is distinct from its owners. It is a “legal person” that has many of the rights and responsibilities that a person has. The profit of a corporation is taxed at the corporate level when earned, and then taxed to the shareholders when distributed as dividends. Although this results in a double taxation, a C Corp makes it possible to reinvest profits at a lower corporate tax rate.
A subchapter S Corporation, known as an S Corp, allows the protection of limited liability but income and losses pass through to the shareholders for federal income tax purposes.
Limited Liability Company (LLC)
A Limited Liability Company (LLC) is a business structure allowed by state statue. An LLC combines features of both the corporation and partnerships. An LLC provides the liability protection of a corporation, with the flow-through taxation of a partnership. Although this sounds familiar to an S Corp, S Corporations have several limitations that make them unsuitable for some clients. For example, only U.S. citizens or U.S. permanent residents may own S Corp stock.
Well-formed contracts are an essential part running your business and protecting your interests. We can help negotiate and write your contracts that support your business needs and prevent future disputes. Click here for more information.
Some business types require licensing to operate legally. We can help you determine what type of licensing is required for your business, and then assist you in applying for the necessary licenses or permits.
Establishing and protecting your brand is vital for your business’s identity and success. Click here for more information.