Forming a Subsidiary
When deciding how you will develop or expand your business, it is important that you weigh your many options for structure and organization. Subsidiaries, which are smaller companies or corporations controlled by a parent company, are an attractive option to consider.
If you are a business owner who is considering forming a subsidiary or any other type of business organization, you need the assistance of an experienced legal professional. The Des Moines business law attorneys at LaMarca Law Group, P.C. can help you protect your vision and investments. Contact our office today at (877) 327-2600 to learn more about your legal options from a talented lawyer.
Advantages of Subsidiary Formation
When you make the decision to form a subsidiary company of your company, it is important that you are aware of the advantages to doing so. These include the following:
- The subsidiary is considered its own legal entity
- There can be a more obvious separation between the two companies
- Legal liability for the subsidiary is reduced
- It is easier to organize the business taxes you have to pay, including a reduction of taxes for income received from an unrelated business, which your company could be considered if it is not a subsidiary
These benefits can help you stay focused on your profits and priorities.
The formation of a subsidiary requires contractual agreements and numerous details which can be frightening for those not used to handling this type of business. If you are interested in learning more about your subsidiary formation options, contact the Des Moines business law attorneys at LaMarca Law Group, P.C. today at (877) 327-2600.