Starting a Business in California
Our Business Attorneys Can Help You Set The Cornerstone Of Your New Business.
Business formation is a significant endeavor. Whether you’re starting a business anywhere in California, our business attorneys can assist you in establishing a solid foundation. Whether you intend to operate a sole proprietorship in Orange County or establish a Newport Beach LLC or corporation, it’s essential to consult with one of our business attorneys to determine the most suitable business model for your specific needs. Even the formation of a small company necessitates legal guidance to avoid potential pitfalls.
Company Formation is Just the Beginning
After our attorneys help you decide which entity is appropriate for the specific needs of your new company, we can further assist you with many important matters and documents that most young companies need during their formation, such as:
- Shareholder agreements
- Stock Purchase Agreements
- Bylaws
- Operating Agreements
- Corporate Governance Requirements
- Securities Offerings
- Licensing Agreements
- Employment Contracts (W-2 and 1099)
- Franchise Circulars
- Company Handbook
- Non-Disclosure Agreements
- Many More!
LLC vs. S-Corp -- Limited Liability Companies vs. S-Corporations
Throughout the U.S. there is a growing trend of starting Limited Liability Companies (“LLC”) or Subchapter S corporations (better known as “S Corporations”). These trends exist mainly because people recognize that as business organizational vehicles, both offer a range of benefits that your traditional corporations may not offer (i.e., pass-through taxation, limited liability, tax advantages, lack of corporate formalities for LLC’s, management flexibility, etc.).
All types of business organizational vehicles need to be seriously considered when starting a business entity of your own because it is a smart business decision to evaluate all of your options – not just the trendy ones. Keeping that in mind, one must understand that although the general principles of various business entities may be vaguely understood through cursory research, it is important to note that whatever may be available online only sets a broad framework for what is an intricate and tedious body of law.
Don’t cut corners! This is not the cost to cut when starting your own business, as the first steps in the right direction can help you weather future steps in the wrong direction. It is important to consult with a knowledgeable and experienced attorney to ensure that either an LLC or an S Corporation is properly formed pursuant to California law. Importantly, all limited liability entities must be properly maintained throughout their existence so as to avoid negative legal and financial ramifications. The Law Offices of Kalab A. Honey, P.C., can offer not only a range of solutions and advice in deciding whether or not an LLC or S Corporation is better suited for your own individualized business needs, but also can ensure that the entity is maintained properly.
SPECIAL NOTE: Don’t become one of those unfortunate business owners who falls prey to the convenience of obtaining boilerplate company formation forms from the Internet. While generic templates may seem like a cost-effective solution, the agreements you obtain will not be tailored to your specific needs. In the end, the initial cost savings may be overshadowed by the expenses of business litigation fees if you are sued and your documents fail to protect your specific interests. When dealing with company formations, it’s essential not only to file the appropriate documents with the Secretary of State but also to understand the various other documents required to maintain the protection that a corporation or limited liability company offers.
Benefit from our expertise. Engage one of our Orange County lawyers and rest assured that your new company is established on solid ground.