Law Office of Philip P. Crowley LLC
Schedule a complimentary consultation:
908-336-0795

Entrepreneurs: Modifying the structure of a business

Upon making the decision to form a company, a person must choose which type of business formation to pursue. However, over time, a person's wishes might change or the company may continue to grow, which could leave many owners wondering if they made the right decision. Entrepreneurs in New York might find it helpful to know that they can change the structure of their business, but they may need assistance in the process.

In many cases, a person who is starting a small business may choose to form a sole proprietorship. If two or more entrepreneurs wish to form a startup company, they may choose to incorporate as a partnership. Regardless of the initial business formation chosen, a time may come when the owner or owners feel it is necessary to make adjustments to the company, which could lead to discussions about modifying its structure.

Prior to altering the structure of a business, it may be advisable to carefully consider all the available options and their potential advantages and disadvantages. Upon deciding on a path, an entrepreneur can begin filing an article of amendment. Entrepreneurs may also find it advisable to thoroughly document all changes made to the company throughout the process.

While it is possible to alter the structure of a business, it is also a complex process. Entrepreneurs who wish to pursue similar changes could benefit from consulting with an attorney with experience in business planning and formation. An attorney can provide a client in New York with advice on each available option and assist him or her in pursuing modifications to the business through the necessary outlets.

No Comments

Leave a comment
Comment Information
EMAIL US FOR A RESPONSE

Get a complimentary consultation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Morristown Office
89 Headquarters Plaza
North Tower #1461
Morristown, NJ 07960

Phone: 908-336-0795
Fax: 908-325-0217
Morristown Law Office Map

New York Office
830 Third Avenue
Fifth Floor
New York, NY 10022

Phone: 908-336-0795
Fax: 908-325-0217
Map & Directions