The team at Amazon Sellers' Lawyer understands the needs of e-commerce businesses better than anyone. We provide strategic advice to protect your business from common and easily avoidable issues.
- Partnership Agreements
- LLC Operating Agreements
- Non Disclosure / Confidentiality Agreements
- Indemnity Agreements
- Purchase Agreements
- Non-Compete Agreements
- Work-For-Hire Agreements
- Vendor Agreements
- General Business Contracts
Business formation is a necessary step when opening a business and makes the business a distinct legal entity. There are 4 main types: Limited Liability Company (LLC), Partnership, Sole Proprietorship, and Corporation.
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- earnings of an LLC are taxed only once
- earnings of an LLC are treated like earnings from a partnership, sole proprietorship & most S corporations
- an LLC owner’s liability is generally limited to the amount of $$$ which the person has invested in the LLC
- LLC members are offered the same limited liability protection as corporation’s shareholders
- LLCs are generally free to establish any organizational structures agreed upon by the members
- profit interests may be separated from voting interests
LLCs are very common with sellers. I think the main reason is that you’re not personally liable for a company’s liabilities. They're also much easier to establish and maintain compared to corporations. So this enables small businesses to gain limited protection similar to a corporation, but without the cost and complexity that corporations bring. Under a Limited Liability Company, you're not required to file a separate tax return for your business.