Business Formation Lawyer San Diego
Business Formation Lawyer San Diego
Business Formation Lawyer San Diego
Are you considering starting a business entity in San Diego or anywhere in California? If so, you need a lawyer with the knowledge, skills, and experience to help you. At Bagla Law Firm, our Business Formation Lawyer San Diego offers a wealth of knowledge, skills, and experience. We not only help a new business establish a solid base, but we are also available to help the business with its legal needs through all stages of growth.
The first critical step in setting up a successful business in California is choosing a business entity. Different business entities have different features as it pertains to ownership, management, liability, and taxation. To help you determine the type of business you should form, the Business Formation Lawyer San Diego at Bagla Law Firm will, among other things, assess your goals and areas of concern during your initial consultation.
Types of Business Entities in California
- S-Corporations
- C-Corporations
- Partnerships
- Professional corporations (PC)
- Joint ventures
- Limited Liability Companies (LLC)
- Limited Liability Partnerships (LLP)
- Family Limited Partnerships (FLP)
- Sole proprietorships
The list goes on, and although it looks complicated, an experienced lawyer can help you evaluate all the different types of entities and select the most suitable one for your business.
Things to Consider When Forming a Business
There are many things to consider when forming a business, with the two main things being taxes and liability protection. For example, if you form your business as a Limited Liability Company (LLC), you can shield your personal assets from the company’s liability. Also, with an LLC, the company will be protected from the personal debts of the owners.
When it comes to taxes, Sole proprietorships, LLCs and S-Corps offer what is known as “pass-through taxation.” One main tax benefit of choosing a pass-through business structure is that you get to avoid double taxation. Business earnings only get taxed once at the personal level.
The following are other things to consider when forming a business;
- Management structure
- How many people will own the business
- The capability to take on investors or sell the business down the road
- Your goals
- Your preferences
At Bagla Law Firm, we can evaluate all the critical factors that need to be considered before a business is formed and help you develop a formation strategy that can ensure maximum operational efficiency.
How a Business Formation Lawyer San Diego Can Help
- Explain the different types of business organization forms available to you.
- Assist you to consider all factors, including liability, taxes, management, and choose the right business entity that will meet your goals and business needs.
- Draft necessary agreements, such as partnership agreements, articles of incorporation, bylaws, and operating agreements.
- Draft and file government registration documents necessary for your new business.
- Draft necessary tax forms to get your new business running.
- Secure all permits and licenses.
When it comes to business contracts, all contracts should be reviewed by a business lawyer so they can make sure that all necessary items are captured. Also, if you take on business formation on your own, you might fail to draft a contract for a particular transaction because you believe that an agreement is not necessary, only for you to realize when it’s too late that it was actually required.
Documentation
California law requires business entities to possess several legal documents. These include;
Limited Liability Company (LLC)
- Articles of Organization
- Statement of Information
- Certificate of Amendment (Needed when making changes to the Articles of Organization)
- Certificate of Correction (Needed when making corrections to the Articles of Organization)
- Business license registration with the county or local city (If you're conducting business with the public)
Corporation
- Bylaws
- Articles of Incorporation
- Business license registration with the county or local city
- Explanations for stockholders
- Opening minutes
- State of Information filed with the Secretary of State
Partnerships
- Partnership agreement
- Business licenses, zoning clearance (for property development), and permits
- An Employer Identification Number for paying federal taxes
Joint Ventures
- Joint venture agreement
- Memorandum of understanding
The law is constantly changing, so it is best to work with a business lawyer who can ensure that you draft and file all necessary documents.
Want to Form a Business in San Diego or Anywhere in California?
Talk to our Business Formation Lawyer San Diego at Bagla Law Firm to get help with forming a new business in San Diego or anywhere in California. Call us at 760-579-6789 or fill out our online contact form.
About Kelly
Kelly is an international award-winning corporate and securities attorney who has been providing expert legal counsel to domestic and international clients for over 17 years. Kelly’s passion is helping entrepreneurs start, run, and grow their businesses with the right legal structure and the right legal contracts.
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