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February 7, 2025 | All Start a Law Firm Topics, Corporate Structure

Choose a Corporate Structure

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You learned in law school that you should establish a business entity for your new solo law firm, but which one is best? Which business entities are permitted under the Rules Regulating The Florida Bar? What are the pros and cons of each option? These are serious questions. Fortunately, we have the basic information you need to make your decision.

CHOOSE A CORPORATE STRUCTURE

There are five types of business entities permitted for the practice of law in Florida:

  1. Sole Proprietorship
  2. General Partnership
  3. Limited Liability Partnership (LLP)
  4. Professional Service Corporation known as a Professional Association (P.A.)
  5. Professional Limited Liability Company (PLLC)

All of these business entities are permitted for the practice of law under Rule 4-8.6(a) of the Rules Regulating The Florida Bar. You can start reviewing the options available to you here.

Still have questions? Should I form a professional service corporation? Do I have to?

SELECT A LAW FIRM NAME

Once you have selected your business entity structure, you have to select a firm name. You have undoubtedly put some thought into this decision. However, does your favorite law firm name comply with the Rules Regulating The Florida Bar? The page Selecting a Firm Name lists opinions relating to the naming of law firms that you should review before selecting that perfect firm name.

Rules Regulating The Bar
Lastly, we suggest that you review the Rules Regulating The Florida Bar again to confirm there are not lingering issues out there about which you are unaware.

VIEWS AND CONCLUSIONS EXPRESSED IN ARTICLES HEREIN ARE THOSE OF THE AUTHORS AND NOT NECESSARILY THOSE OF FLORIDA BAR STAFF, OFFICIALS, OR BOARD OF GOVERNORS OF THE FLORIDA BAR.