Why do I need a corporate structure if I am solo entrepreneur/the only member of the business?

            The answer is protection from liability.  Even if there is only one member working on the business, it is important to distinguish between the individual and the business entity in terms of liability and taxes.  Documents such as business contracts and commercial leases should be signed in the name of the entity and not an individual name.

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Law Offices of Christine Wong, PLLC

205 East 42 Street, 20th floor

New York, NY 10017

12 Shin Creek Road, Livingston Manor, NY 12758

phone: 646.568.6089
fax: 917.778.0864