Legal Question in Business Law in Georgia

How do I classify this service

I want to start a business helping the homeless on the streets of atlanta. Offering access to phones, job resources, counseling, training and low income housing ect. And/or connect them with other resources that are available. The problem is that I do not know how to classify it (nonprofit, limited liability, sole proprietor.) Can someone please assit me in determining what would be best and why? I would greatly appreciate and use your expertise.


Asked on 3/22/05, 12:06 am

1 Answer from Attorneys

Glenn M. Lyon, Esq. MacGREGOR LYON, LLC, Business Attorneys

Re: How do I classify this service

What type of business you should create depends on many factors and some have certain restrictions. In any case, you need to create a business entity that would shield you from personal liability, i.e., if your company was sued, they could not go after your personal assets.

You also need to consider all tax consequences for each entity. I would suggest an entity with �pass-through taxation,� which means that the company itself would not pay taxes. You would pay them on a personal level.

If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.

The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.

Glenn M. Lyon, Esq

MacGregor Lyon, LLC

Promenade II

1230 Peachtree Street NE

Suite 1900

Atlanta Georgia 30309

Phone 404.942.3545

Fax 404.795.0993

[email protected]

www.macgregorlyon.com

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Answered on 3/22/05, 7:52 am


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