How and where to form your business are critical legal questions about business formation. If your business is formed incorrectly from the start, costly issues may arise down the road. A business lawyer will ask about your current structure and your future plans for your company -- such as who your partners and investors are, where you plan to operate, and what, if any, financial exit you foresee. Based on that information, your business lawyer will advise you on the proper business form to use -- LLC, LLP, S-Corp, C-Corp, B-Corp, etc. -- as well as where to form. It may be beneficial to form your business in your home state, or it may be better to form in a state with particularly favorable corporate rules, such as Delaware and Nevada.
Prepare for your first meeting or call with a business lawyer using Priori’s business formation resources, including our business formation worksheet. Using our business formation checklist that sets forth key business formation issues, you’ll be able to think through the most important legal questions about business formation in advance of your meeting with your lawyer. You can even send your completed business formation worksheet directly to your lawyer, so your lawyer can prepare in advance of your meeting and make your interaction as productive and cost-effective as possible. If needed, Priori can also connect you with a business lawyer in our vetted network who can assist you with all your legal questions about business formation.