Why is it important to incorporate your Ohio business?

Elliott Stapleton Corporation

The purpose of a limited liability company (also known as an LLC) or corporation (also known as an S-corp or C-corp) is to limit your personal risk. With a properly formed LLC or corporation, you can protect your personal assets from creditors of the business.

Without a properly formed entity, your personal assets are at risk to every liability of the company. Business liabilities can include contractual disputes with suppliers, vendors, customers, employees, contractors, and third parties (including claims for trademark, copyright, or patent infringement).

Before your company begins operations, it is best to have an entity in place to limit your personal liability. Our firm can help you decide whether an LLC, S-Corporation, or C-Corporation is right for your company.

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About the Author

Elliott Stapleton

Elliott is a partner in the firm of Cornetet, Meyer, Rush and Stapleton serving clients throughout Ohio. Elliott's business clients range from small single member companies to large privately held businesses. His firm provides legal services which include advice on Business Formation and Transactions, Real Estate Transactions, Trademark Law, Copyright Law, Estate Planning, Trust Administration, Probate Administration, and Succession Planning.