Selecting the right kind of business entity for your endeavor can be confusing, but the business attorneys at Leavy Schultz Davis are happy to help you understand your options and select the best choice for your business.
Turing your passion into a profession or finding a business opportunity to act on is just the first step in getting your new business off the ground in Washington State. After identifying your business opportunity, you will need to take a number of different actions to get your business from the idea phase to a place where it is generating revenue. One of the first steps you must take is deciding what kind of business entity you want to form.
In Washington State business owners can choose from 6 different entity types:
- Sole Proprietorships
- General Partnerships
- Limited Partnerships
- Limited Liability Partnerships
- Limited Liability Companies
Sometimes, as a business grows or changes, it becomes necessary to change from one entity type to another, in these situations, hiring an experienced business law attorney can make this process easy. At Leavy Schultz Davis we regularly work with clients who need to change the form of their current business entity.