Are you searching for an experienced business formation lawyer in San Diego or Southern California? Starting a business is an exciting time for any entrepreneur or existing company. One of the first decisions you will face is the selection of your business entity: LLC, S-Corporation, C-Corporation, Professional Corporation (PC) or Management Service Organization (MSO). The business entity legally separates you personally from the business you own. The protection of a corporate entity known as the “corporate veil” prevents creditors of the business or legal liabilities of your company from pursuing you personally, or attaching your personal assets.
How Do You Select the Right Entity for Your New Company?
The selection of your entity is based upon several factors. The attorneys at the Watkins Firm have served the San Diego business community for more than four decades. We have helped thousands of businesses to start-up, grow, survive legal and financial challenges and ultimately be acquired or merge with other businesses and corporations.
Each specific type of entity provides advantages and disadvantages based upon taxation, the attraction and addition of investment, control, and liability. The nature of your business should inform the decision of the entity which is best for your business. Your Watkins Firm business formation lawyer in San Diego will help to inform the best decision regarding the right entity for the type of business you intend to conduct as well as the short and long-term goals for how the company will develop.
It is Important to Pay Attention to the Corporate Documents
Starting a business is much more than simply downloading a few forms, filing them with the State and obtaining licenses. Careful planning should be undertaken in the beginning, when everything is positive and everyone is working together. One of the most overlooked aspects of business formation is the operating agreement or shareholders’ agreement as well as the bylaws contained within the corporate documents.
One of the important issues these contracts and documents should establish is how ownership interests will be valued in the event of divorce, a disabling illness or death. They should also anticipate all issues the business will face as it progresses, and how challenges and disputes will be resolved. In addition, the roles of primary players should be clearly established as well as the distribution of income and profits.
Your Experienced Business Formation Lawyer in San Diego at the Watkins Firm
Your experienced business formation lawyer in San Diego at the Watkins Firm will become one of your most trusted business advisors. Our clients enjoy the ability to simply pick up the phone and get quick advice and sound counsel when they encounter an opportunity or bump in the road.
Setting up your company properly when starting a business in San Diego provides a solid foundation at the outset and as the company grows into the future. You are going to pour your effort, time, and money into this venture. You are assuming specific risks. Learn from our more than 40 years of real world experience and how to avoid the mistakes other businesses have made that ultimately resulted in the loss of all the effort, time and money invested. Avoid pitfalls, grow faster and build a stronger business. We invite you to review the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today.
