ANN ARBOR, Mich. - Aug. 21, 2020 - People often contact PSED to start a business after a career in corporate America. Usually, these people just want to keep it simple and want an entity that will have limited liability, meaning that creditors can't go after their personal assets but can only go after the assets of the new entity. Pear, Sperling, Eggan & Daniels, P.C. can help you identify your needs and can help you file the necessary paperwork to start your dream business.

The two types of legal entity that offer simplicity along with limited liability are Limited Liability Companies ("LLC") and Subchapter S Corporations ("S Corp"). Both entities are created under the laws of the State of Michigan. Articles of Organization are filed to create an LLC; the end of its name must use "LLC." Articles of Incorporation are filed to create a Corporation; the end of its name must use "Inc." or "Corp." Learn more here (https://www.psedlaw.com/learn/more/business-law-ann-arbor-limited-liability).

If you have questions about business law or whether an LLC or S Corp is best for your new business, please contact our business lawyers at 734-665-4441. Attorneys at Pear Sperling Eggan & Daniels, P.C., can help assist you with virtually everything law related.

About the Firm: Pear, Sperling, Eggan & Daniels, P.C. (https://www.psedlaw.com/) is an AV Rated firm, the highest possible rating by Martindale-Hubbell, the most widely recognized peer-review assessment of a law firm's ethical standards and professional competence. PSED Law is one of the oldest law firms in Washtenaw County. Founded in 1948 as Lawrence & Ulrich, over the past 70 years PSED Law has adapted to the ever-changing needs of its clients and has flourished into a highly regarded and successful, full-service law firm, trusted by clients and throughout the legal community.

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Marty Bodnar