Top Quality Legal Services - Knoxville, Tennessee and servicing East Tennessee
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business entity legal services in Knoxville, TN
TENNESSEE BUSINESS FORMATION INFORMATION
In the State of Tennessee, an individual seeking to start a business has a lot to worry about. Forming a legal entity should not be one of those concerns. If you are looking to open a business, Tennessee offers several business models to chose from:
- Sole Proprietorship
- Partnership
- Limited Liability Partnership
- Limited Liability Company
- Corporation
These forms of businesses offer various levels of personal asset protection than others. For example, a Limited Liability Company is considered a separate legal entity from its owners. Thus, offering a layer of protection for the owners and their personal assets. However, if formed incorrectly or if the business falls outside the boundaries described under State law, creditors and parties may "pierce the corporate veil" and hold the owners accountable.
That's why it's important to find an attorney who fully understands and researches state law to ensure your business is formed correctly. Our law firm can help you set up your business and create your bylaws to operate under.
FREE CONSULTATION
Our law firm offers free consultations for all of our clients and potential clients. What is a free consultation and how do we differ from other firms? We are absolutely dedicated to ensuring you have all the information needed, that's why at our consultation, we will give you the following information:
- We will examine your business plans, listen to your side of the story, or goals, and suggest the right business entity for you.
- We will inform you of all the negatives and positives of your case,
- We will give you an honest opinion as to all possible outcomes of the case, and
- We will give you an estimated cost and potential length of the case.
If you need legal representation, call us today at (865) 219-3170 or send us an email at daniel@attorneyherrera.com
DISCLAIMER: The information above is not intended as legal advice but rather for educational purposes only. If you seek legal advice, contact an attorney.