Construction Business Entity
Every construction contractor who owns their own business needs to have a business entity that is appropriate for their business needs.
Business entities have multiple purposes including:
- Separating personal assets from business assets
- Limiting Liability
- Limiting Taxes
- Succession Plans
Each business entity has its own advantages and disadvantages.
The most common business entities are:
- Sole Proprietorships
- General/Limited
- Partnerships
- Limited Liability Companies (LLC)
- S Corporations
- C Corporations
Summary of California Business Entities
Our attorneys regularly attend legal seminars to keep up-to-date and to hone their legal tools. In addition, we actively participate in several legal construction organizations, including the Los Angeles County Bar’s Construction Law Subsection, and a Construction Law Study Group comprised of elite construction attorneys who meet quarterly to roundtable issues and current trends in construction law.
We are here to assist construction contractors in determining the appropriate business entity for their business.
