GARY A. HOFTYZER
Businesses can be in the form of sole proprietorships, partnerships, joint ventures or various corporate entities. Each organizational type has unique tax and liability issues. It is important to choose the right business entity with the assistance of legal counsel and a certified accountant.
Businesses with multiple owners have additional issues in both management and succession. It is important to work with lawyers and accountants to consider such matters as Unanimous Shareholders Agreements and long-term management and succession plans.