There are a wide variety of issues faced by those forming or operating a business. For example, several options are available for the form of a business, such as partnerships, corporations and limited liability companies (“LLCs”). It is important to not only understand the options, but the possible benefits and issues which may arise under each form, such as questions of owner liability and business continuity. Formation of a business involves assessing these alternatives and preparing the legal documents to put into practice the business owner’s vision for operation of the business. After a business becomes successful, a periodic review of operation of the business should be made to determine if the form of the business is still meeting the goals and needs of the owners. Once a business is formed the type of entity chosen may require compliance with various laws, including filing of documents with appropriate authorities, to keep the business legally active.