Critical Question RE: Entity Selection

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Which Suffix is the most PRESTIGIOUS?

C-Corporation (Inc.)
1
20%
S-Corporation (Inc.)
0
No votes
Limited Liability Company (L.L.C.)
0
No votes
Professional Limited Liability Company (P.L.L.C.)
0
No votes
(Legal Professional Association (L.P.A.)
0
No votes
Limited Company (Ltd.)
1
20%
Professional Corporation (P.C.)
0
No votes
Limited Liability Partnership (L.L.P.)
3
60%
 
Total votes: 5

User avatar
TTH

Diamond
Posts: 10470
Joined: Mon May 04, 2009 1:14 am

Critical Question RE: Entity Selection

Postby TTH » Fri Apr 05, 2013 10:46 am

If you were counseling a client selecting among several choices to form an entity and you expect they will be in a lot of litigation, which corporate form provides the most PRESTIGIOUS suffix for the case caption. Alternatively, which form is the most TTT? This is an important question, and I hope you give it the careful consideration it requires.

Let us suppose the client is a law firm in a state that allows the use of all corporate forms for law firms.

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patrickd139

Gold
Posts: 2883
Joined: Wed Jan 14, 2009 8:53 pm

Re: Critical Question RE: Entity Selection

Postby patrickd139 » Sat Apr 06, 2013 10:40 am

LLP, bro. Of the V25, only four firms have another form of organization: Nothing after the firm name. The rest are all LLPs, including the ones lay people recognize like Skadden, Cravath, etc.



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