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Business Law 311 Class Notes (10)
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New organizations must take steps to adhere to the law even before starting their gates for the first time. Company law lawyers are regularly requested to form new organizations on part of their customers by processing the necessary records with the Assistant of State. Clients may also need assistance choosing the company best suitable for their business.

 

Businesses can be established as organizations, restricted responsibility organizations (LLCs), relationships, and other organizations. Most of these business types can be further personalized to meet the needs of the company. These include organizations established as “S-corps” to experience tax benefits, and relationships established as “limited partnerships” to allow some entrepreneurs to join as traders only. 

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