Why Choose The Lesart Group?
Starting a business can be overwhelming, filled with choices and decisions that can make or break your entrepreneurial dreams. At The Lesart Group, we specialize in setting up a professional business structure tailored to your unique needs. Our comprehensive service ensures that you start your business on the right foot, allowing you to focus on what you do best growing your business!
Types of Corporations: Find Your Perfect Fit.
Creating a professional business structure is essential for establishing a strong foundation for your company. It not only defines the operational framework of your organization but also impacts your tax obligations, liability, and ability to attract investment. A well-defined business structure can enhance credibility, streamline decision-making processes, and ensure compliance with legal requirements. Choosing the right structure for your business is a critical step that can influence its long-term success and sustainability.
Sole Proprietorship
A single-owner business where the owner is personally liable for all debts.
Partnership
A business owned by two or more individuals who share profits, losses, and responsibilities.
Limited Liability Company (LLC)
A hybrid structure that offers the liability protection of a corporation with the tax benefits of a partnership.
Corporation
A legal entity that is separate from its owners, providing limited liability protection, but subject to corporate taxes.
S Corporation
A special type of corporation that allows income to be passed through to shareholders to avoid double taxation.
Non-Profit Corporation
An entity that operates for charitable, educational, or social purposes and is exempt from certain taxes.
Cooperative (Co-op)
A business owned and operate by a group of individuals for their mutual benefit.
PC, or Professional Corporation
A specific type of corporation designed for professionals such as doctors, lawyers, accountants, and other licensed individuals. This structure allows professionals to enjoy the benefits of incorporation, such as limited liability, which protects personal assets from business debts and legal actions. However, the professionals within a PC are still personally liable for their own malpractice or professional negligence.
Close Corporation
Also known as a "closely held corporation," is a type of corporation that has a limited number of shareholders, often family members or a small group of individuals. In a close corporation, shares are not publicly traded, and the shareholders typically have more control over the company's operations. Close corporations often have fewer formalities and regulatory requirements compared to larger, publicly held corporations, making them easier to manage.
Both structures (corporation) offer distinct advantages and disadvantages, depending on the specific needs and goals of the business and its owners. If you have more questions about these structures or want to explore specific aspects, feel free to ask! Choosing the right structure depends on various factors, including the nature of your business, your goals, and your financial situation
Holding Company.
Other business structures that are more exclusive to bigger businesses a holding company is a type of business
entity that primarily exists to own shares in other companies. Its main purpose is to control and manage these subsidiary companies, rather than engaging directly in operational activities. Holding companies can provide benefits such as risk management, tax advantages, and the ability to streamline operations across different business sectors. They often allow for greater flexibility in managing investments and can facilitate mergers and acquisitions. Essentially, a holding company acts as a parent organization, overseeing the performance and strategies of its subsidiaries while allowing them to maintain operational independence.
Trust.
Trust plays a significant role in the structure and operation of 2 Column businesses, particularly when it comes to holding companies. Let's break it down:
Definition of Trust:
In a business context, a trust is a fiduciary arrangement where one party (the trustee) holds assets for the benefit of another (the beneficiaries). This can involve various types of assets, including shares in a company, real estate, or other investments.
Holding Companies:
A holding company is a type of business entity that owns other companies' outstanding stock. Its primary purpose is to control and manage these subsidiaries rather than engage in direct business operations. Holding companies can provide various benefits, such as risk management and tax advantages.
How Trust Works with Holding Companies:
Asset Protection: Trusts can be used to protect assets held by a holding company. By placing shares of the holding company in a trust, the assets can be shielded from creditors or legal claims against the individual shareholders.
Succession Planning: Trusts can facilitate smoother transitions of ownership. When the owner of a holding company passes away, a trust can ensure that the shares are distributed according to their wishes, avoiding probate and potential disputes among heirs.
Tax Efficiency: Certain types of trusts can offer tax benefits. For example, income generated by the holding company may be distributed to beneficiaries in a tax-efficient manner, potentially reducing the overall tax burden.
Control and Management: A trust can provide a mechanism for maintaining control over the holding company's assets while allowing for flexibility in how those assets are managed and distributed. This is particularly useful in family-owned businesses where the next generation may be involved.
Control and Management: A trust can provide a mechanism for maintaining control over the holding company's assets while allowing for flexibility in how those assets are managed and distributed. This is particularly useful in family-owned businesses where the next generation may be involved.
Why Work With The Lesart Group?
EIN Number
We’ll assist you in obtaining your Employer Identification Number, essential for tax purposes and hiring employees.
Professional Business Email Setup
Establish credibility with a custom business email address to communicate effectively with clients and partners.
Minimalist Website
A sleek, user-friendly website that showcases your brand, products, and services, ensuring you make a lasting first impression.
Social Media Platforms Setup:
Get started on the right foot with professionally set up social media accounts that align with your branding.
30 Days of Social Media Posting:
We’ll create and schedule engaging content for your business across various platforms to build your online presence quickly
Checkout: Secure Your Business Structure Today!
Once you’ve completed your consultation and selected your package, you’re just a few clicks away from setting up your business!
Basic Setup
S Corporation or LLC
A special type of corporation that allows income to be passed
Non-Profit Setup
Tailored for charitable organizations.
Full Business Structure Package
Don’t Wait—Start Building Your Dream Business!
Complete Your Purchase Here!
Don’t Wait—Start Building Your Dream Business!
Join countless satisfied clients who have trusted The Lesart Group to establish their business. Our proven process and dedicated support will help you navigate the complexities of business formation with ease. Your professional business structure is just a click away let’s make it happen!
Your Comprehensive Business Setup Includes:
EIN Number
We’ll assist you in obtaining your Employer Identification Number, essential for tax purposes and hiring employees.
Professional Business Email Setup
Establish credibility with a custom business email address to communicate effectively with clients and partners.
Minimalist Website
A sleek, user-friendly website that showcases your brand, products, and services, ensuring you make a lasting first impression.
Social Media Platforms Setup:
Get started on the right foot with professionally set up social media accounts that align with your branding.
30 Days of Social Media Posting:
We’ll create and schedule engaging content for your business across various platforms to build your online presence quickly
Ready to Transform Your Business Idea into Reality?
Don’t let the complexities of starting a business hold you back. Take the first step towards a professional business structure that empowers you to succeed.
Get Started Today!
Step 1: Click the button below to schedule your free consultation.
Step 2: Choose your business structure and we’ll handle the rest!
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