Partnerships

A Partnership is a single business where two or more people share ownership.  Partnerships come in various forms,  such as:  General Partnership; Limited Partnership; Limited Liability Partnership

Limited Liability Company (LLC)

The LLC combines the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership. 

Corporations

C Corporation is an independent legal entity owned by shareholders.  The C Corporation is more complex than other business structures.

S Corporation is a special type of corporation created through an IRS tax election.  The S Corporation allows profits and losses to pass through one's personal tax return.

The information on this website is provided for informational purposes only and should not be construed as legal advice on any subject.  No attorney-client relationship is formed until a case is accepted by our office and a fee agreement is signed.

Common Types of Entities

Do you suspect your business or organization is a victim of fraud or embezzlement?  Contact Woodruff Law Firm, LLC.  Attorney Woodruff is a member of the Association of Certified Fraud Examiners (ACFE) and has experience with investigating, documenting and reporting fraud and embezzlement in the workplace. 

This is a very basic outline of privately held business structures available.  Do not make a decision about your business formation without fully discussing the benefits and advantages with a lawyer. 

Not for Profit Corporation

A business organization that serves some public purpose and for this reason, enjoys special treatment under the law.

Sole Proprietorship

In a Sole Proprietorship there is no distinction between the owner and the business.  It is an unincorporated business which is owned by one individual. 

Small Business/Non Profit

Corporate Formation

Religious Organizations and Non Profits

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​​               Woodruff Law Firm, LLC

Don't let the paperwork of starting or running your business overwhelm you!  Woodruff Law Firm, LLC can help you with you with the formation of your small business or non profit organization and assist you as your business grows. 

You have a non profit or want to start a non profit organization?  Woodruff Law Firm, LLC seeks to assist the many worthwhile charities and non-profit organizations that serve our communities and aid the needy.  My firm is dedicated to provide practical solutions to help non-profits achieve their missions. 

Woodruff Law Firm, LLC is familiar with the special needs of religious organizations.  Houses of worship and related entities make choices in setting up their institutional structure that have significant implications for the way in which they will be governed internally.  Operating in accordance with its governance policies may protect a religious organization from significant liabilities and challenges.  Woodruff Law Firm, LLC can guide you in drafting organizational documents for your religious entity.