if we are 7 partner who want to form a business and 1 will have 40% share and the rest will have 10% share each, what is the best way to do this?
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if we are 7 partner who want to form a business and 1 will have 40% share and the rest will have 10% share each, what is the best way to do this?
Should it be an LLC or C corporation?
Asked on May 15, 2014 under Business Law, Pennsylvania
Answers:
Shawn Jackson / The Jackson Law Firm, P.C.
Answered 9 years ago | Contributor
Well, on the assumption that you want to protect against the vast exposure you would have with a general partnership, I would suggest that you think about having a business development attorney assist you in creating either a LLC or a corporation...you do NOT want a general or a limited partnership.
Shawn Jackson California Business Development Attorney
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