This type of business entity is usually more complicated and most often used for large companies that have many employees and is well established. One advantage of a corporation is that the personal assets of the owners are protected—they do not have personal liability. One disadvantage is that it costs more to form a corporation, and there is usually a fair amount of paperwork involved.  

Limited Liability Companies (LLC)

This business entity is a mix of both a corporation and a partnership. An LLC offers the limited liability features that a corporation enjoys and the flexibility and tax efficiencies of a partnership.

Do You Need to Speak to a Rhode Island Business Attorney?

If you need to speak with an experienced business attorney please contact us online or call our Warwick office directly at 401.946.3200 to schedule your free consultation. We help business owners in Providence, Warwick, and all areas of Rhode Island.

Jason D. Monzack
Helping Rhode Island business owners and probate clients with all their legal needs since 1997.
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