For-Profit and Non-Profit Services

For-Profit and Nonprofit Entities We Handle:

Limited Partnerships (Including Family Limited Partnerships)

A business entity that consists of one or more General Partners, whose responsibilities include daily management of the company, and one or more Limited Partners, who do not participate in management.

Limited Liability Partnerships

LLPs are a flexible legal and tax entity that allows partners to benefit from economies of scale by working together while also reducing their liability for the actions of other partners. 

General Partnerships

A general partnership is a for-profit entity that is created by a mutual understanding between two or more parties.

Professional Corporations

A corporation organized by one or more licensed individuals (such as a doctor or lawyer) especially for the purpose of providing professional services and obtaining tax advantages.

Professional Limited Liability Companies (PLLCS) and Other Legal Entities

The LLP is a formal structure that requires a written partnership agreement and usually comes with annual reporting requirements depending on your legal jurisdiction.

Limited Liability Companies (LLCS)

In an LLC, the liability is limited in the sense that you may lose assets in the partnership, but not those outside of it (your personal assets). The partnership is the first target for any suit, although a specific partner could be liable if they personally did something wrong.

Foundations

A private foundation is a charitable organization that, while serving a good cause, might not qualify as a public charity by government standards. A private foundation is a nonprofit organization that is usually created via a single primary donation from an individual or a business and whose funds and programs are managed by its own trustees or directors.

501 (C) (3) Entities with Approved Tax Designation

According to the IRS, “Organizations described in section 501(c)(3) are commonly referred to as charitable organizations. Organizations described in section 501(c)(3), other than testing for public safety organizations, are eligible to receive tax-deductible contributions in accordance with Code section 170.”