How To Pick The Right Business Entity for Your Business and How to Protect Business Assets

In today’s ever-changing economy, it is important to understand the legal implications of choosing the right business entity.  While many people have a general understanding of Corporations and Partnerships, the law has also created entities such as C- Corps, S- Corps, Limited Liability Partnerships, Limited Liability Corporations, Joint Ventures and Sole Proprietorships that have multiple pros and cons that the average entrepreneur might not be aware of.  When choosing the entity appropriate for a new business, it is important to consider each form of entity by its relevant obligations and liabilities (i.e. taxes, profit sharing, fringe benefits, etc) under state law.  In addition, Corporations due to their inherent complexity should be aware of the implications and importance of using employment contracts and/or restrictive covenants (such as non- competes, non- solicitations and confidentiality, etc.) to protect proprietary information.

Alan B. Pearl, Portney Messinger and Pearl

Alan began his career as a labor attorney representing unions.  Since 1976, he has represented management clients as both a consultant and in a legal capacity. As a practicing trial attorney and the principal partner in Alan B. Pearl & Associates, P.C., Alan represents employers in all facets of labor relations and employment law.

A graduate of Adelphi University and Brooklyn Law School, Alan has participated in the "Lawyer in the Classroom" program sponsored by the Nassau County Bar Association and is a frequent lecturer to groups and businesses on discrimination and employment law matters.  His articles on labor and employment issues appear regularly in trade periodicals including those covering the restaurant, heating, air conditioning and ventilation industries.