Choosing the Proper Business Entity

In today's complex world of increasing liability for owners and operators of golf facilities, coupled with rising business taxes, makes entering the golf industry a risky venture. The Floyd Law Firm advises prospective and present golf facility owners on the proper choice of business entity to meet the needs of the proprietor or operator. Factors that influence decisions are limited liability, investor requirements, amount of autonomy needed by the owners, style of management, tax status, fringe benefits and allocation of profits, to name a few. Examples of business entities to choose from are:

  • Limited or General Partnerships
  • Sole Proprietorship
  • Limited Liability Company
  • S Corporation
  • C Corporation