Formation of S Corporations, C Corporations, LLCs, and LLPs

Establishing the Right Legal Structure for Your Business

Choosing the correct business entity is a critical decision that impacts your company’s operations, liability protection, tax obligations, and long-term growth. Whether you’re forming an S Corporation, C Corporation, Limited Liability Company (LLC), or Limited Liability Partnership (LLP), having expert legal guidance ensures your business is structured for success from day one. At Kravets Law Group , we specialize in helping entrepreneurs and businesses select and establish the most appropriate legal entity to meet their unique needs.

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We service Illinois, Pennsylvania and New Jersey. Feel free to call us, email us, or reach out using on the form on the right.

info@kravetslawgroup.com
Illinois: 312-620-1404
New Jersey & Pennsylvania: 215-595-2206

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Why Entity Formation Matters

The legal structure of your business determines:
✔ Liability Protection – How personal assets are shielded from business debts and lawsuits.
✔ Tax Obligations – Whether profits and losses pass through to owners or are taxed at the corporate level.
✔ Operational Flexibility – The rules governing management, ownership, and decision-making processes.
✔ Fundraising Potential – The ability to attract investors and issue stock or equity.

Proper entity formation lays the foundation for your business’s success, ensuring compliance with state and federal regulations while maximizing operational efficiency and financial benefits.

Types of Business Entities We Form

1. S Corporation (S Corp)

Offers pass-through taxation, avoiding double taxation on corporate profits.
Provides limited liability protection for shareholders.
Ideal for small businesses seeking simplicity in governance and tax advantages.

2. C Corporation (C Corp)

Allows unlimited shareholders and multiple classes of stock.
Subject to corporate-level taxation but offers greater flexibility in fundraising.
Suitable for large-scale businesses or those planning to go public.

3. Limited Liability Company (LLC)

Combines the liability protection of corporations with the tax benefits of partnerships.
Flexible management structures and fewer formalities compared to corporations.
Perfect for startups and small businesses requiring simplicity and adaptability.

4. Limited Liability Partnership (LLP)

Provides liability protection for partners while maintaining partnership taxation.
Commonly used by professionals such as lawyers, accountants, and architects.
Balances independence and protection for individual partners.

Key Services We Offer

At Kravets Law Group, our comprehensive entity formation services include:
✔ Entity Selection Advice – Helping you choose the best structure for your business goals.
✔ Document Preparation – Drafting and filing articles of incorporation, operating agreements, and other necessary documents.
✔ Compliance Support – Ensuring adherence to state and federal requirements, including annual reporting and licensing.
✔ Ongoing Maintenance – Providing guidance on board meetings, resolutions, and other corporate formalities.

Why Choose Kravets Law Group?

✔ Experienced Business Attorneys – Specialized knowledge in entity formation and corporate law.
✔ Custom Solutions – Tailored advice and documentation to fit your specific business needs.
✔ Proactive Compliance – Ensuring your business remains in good standing with regulatory authorities.
✔ Cost-Effective Representation – Affordable solutions without compromising quality or expertise.