This is FindLaw's Law Firm Management Center's collection of free articles on Structure. Choosing the proper structure for your law practice is an important foundational issue when starting a law firm. This decision impacts many different business issues, including taxes, liability, profit sharing, and flexibility. Whether you want to form a partnership, limited partnership, limited liability company, or a sole proprietorship, there are requirements, benefits and costs to each structure that you must understand. Start your research with FindLaw.
Lawyers looking to start a firm should look into any federal or state license or permit requirements which may be applicable to them.
Checklist for Starting a Partnership
Many factors must be considered when choosing the best form of business ownership or structure. The choice you make can have an impact on multiple aspects of your business, including taxes, liability, ownership succession, and others. This article outlines different forms or business ownership and business structure.
In case you are wondering about the ways to structure a law firm, there are several options. But, despite the variety, choosing a law firm structure will largely depend on the jurisdiction in which you practice and the realities of your circumstances.