DuffyNorth has been helping people in the community to form and conduct their own businesses since the firm first started its own business in 1928. This would include individuals conducting business as a "partnership", "corporation", "sole proprietor" or "limited liability company".

Corporations
A corporation is a business entity which is formed by one or more people to conduct business under a corporate name. The corporation is chartered by the state and shares of stock are issued to the owners of the business. The corporation must obtain a separate tax identification number from The Internal Revenue Service (IRS) because it is a separate being from the owners. For this reason the debts and liabilities of the corporation usually do not obligate the owners individually.

Partnerships
A partnership is a joint venture involving two or more individuals who wish to conduct a business together. The rights and obligations of the partners are determined by a legal written agreement between them. The partnership may operate its business under a partnership name which must be registered.

Limited Liability Company
A limited liability company is similar to a partnership. However this form of ownership protects the individual owners from the debts and liabilities of the company similar to the corporate form of ownership.

Sole Proprietor
A sole proprietor is one individual conducting business on his or her own. A sole proprietor assumes all of the risks and liabilities of the business. However, he or she can operate the business under a separate name if it is registered as a "fictitious name".

DuffyNorth can help you decide which type of business ownership is best for you and will guide you through all of the legal requirements.

Our services extend to helping existing companies to conduct and expand their businesses. The ordinary conduct of business can involve various problems with which we can help, including but not limited to:

Debt Collection
       Dealing with Banks
       Leases
       Taxes