{"id":357975,"date":"2016-04-04T10:46:18","date_gmt":"2016-04-04T15:46:18","guid":{"rendered":"https:\/\/ability-fl-prod.internetbrands.com\/ability-law\/hirealawyer\/choosing-the-right-lawyer\/business-organization.html"},"modified":"2024-04-06T22:50:59","modified_gmt":"2024-04-07T03:50:59","slug":"business-organization","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/hirealawyer\/choosing-the-right-lawyer\/business-organization.html","title":{"rendered":"What Is Business Organization Law?"},"content":{"rendered":"\n
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What Is Business Organization Law?<\/h1>\n\n
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\n By Susan Buckner, J.D.<\/a> | Legally reviewed by Melissa Bender, Esq.<\/a>\n | Last updated\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
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This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
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The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n\n\n

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Key Takeaways<\/h2>\n

Business organization law governs how a business is legally formed and the tax, liability, and management rules that come with each structure. A business organization attorney helps owners understand these differences and select the structure that best supports their goals and long\u2011term plans.<\/p>\n\n <\/div>\n <\/div>\n<\/div>\n\n\n

Business organization law refers to how owners may legally form a business under state laws. Each business organization brings a specific set of tax, management, and liability issues. Choosing the right type of organization for your business is essential. Attorneys with expertise in business organization law can\u00a0help clients choose the best form<\/a>\u00a0that gives clients the desired benefits.<\/p>\n

A business attorney can provide small business owners with the details they need on business formation and state and local regulations before they start. This article reviews what businesses and startups should know about hiring a business lawyer<\/a>.<\/p>\n

Types of Business Structures<\/h2>\n

There are many reasons a business needs legal services. Startup companies need legal help deciding on a business structure. The nature of your business may have some impact, but the direction you want to go is also a factor.<\/p>\n

Partnership<\/h3>\n

A\u00a0partnership<\/a>\u00a0consists of two or more individuals as co-owners. Without a partnership agreement, courts assume partnerships are\u00a0general partnerships\u00a0where all partners share equally. Legal problems arise when the partners have not contributed equally to the business.<\/p>\n

A business attorney can explain other partnership types, such as:<\/p>\n