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New Jersey Business Entity Form

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[Music] so the next topic that I'm going to cover is forming your business entity this is pretty straightforward in New Jersey you may practice as a sole proprietorship professional corporation a partnership including a limited liability company or a limited liability partnership and I've cited the rpcs for you on that if you're forming a partnership you must know that a lawyer may not include a non lawyer as a partner in a law practice in New Jersey so for example if you have a very trustworthy friend who is a certified public accountant who never went to law school and is not admitted to practice in the bar your friend may not be your partner in a law firm you can buy a piece of real estate with that friend and be partners in a separate type of partnership which owns the real estate but your accounting friend cannot be involved as a partner in the law firm in addressing the corporate entity I would strongly urge you that you protect your assets and how do you

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