Clients often call and ask why they should create an entity for their business. The simplest answer is liability. An entity is treated by the law as a separate person than the member(s), owner(s), or shareholder(s), and if the business becomes liable from something the business does or something that may be isn’t even the fault of the business, the assets of member, owner, or shareholder are protected from any type of judgment. It’s important that you speak to an experienced attorney to see if that type of protection is something that you need when starting your business.
Lawyers at the law firm of Mattleman, Weinroth & Miller, P.C., are experiencedbusiness attorneys working throughout the state of New Jersey. Contact the office if you have legal questions about your business and set up a free initial consultation.