If you started your company without filing for a legal entity, you are currently operating as either a sole proprietor or a partnership. This is not to your advantage simply because your personal assets are not shielded from the liabilities of your business. This means that if someone sues you and wins, they may be able to take your car or your house. Forming a legal entity helps protect your personal assets.
However, there are so many legal entities to choose from. Which one is right for you and your business depends upon your company’s structure and preferences. Furthermore, you have a choice of forming the entity in your home state, Delaware, or another state. It’s easy to get lost with all of these choices. That is why we are here to help guide you to a decision that is right for you.