If you are forming a new San Diego corporation or are already in business and working to add a new entity to your group you are keenly aware of all costs surrounding the venture.  Think for a moment about all of the time, energy, money and resources you are pouring into this project.  Now, imagine things six months or a year down the road – and the amount of your sweat, hard work, money and lifeblood you will have poured into your business.  Are you willing to risk all of that, as well as your home, private bank accounts and your family’s well being?

Forming a new San Diego corporation requires proven business advice and counsel from the experienced business formation attorneys at the Watkins Firm.  Draw on our more than 40 years of experience serving the business, science and tech, real estate and medical / healthcare communities here in San Diego and across California.

Is Your Company Just to Based on a Downloaded Form?

Ask yourself a question when forming a new San Diego corporation: is your company just a small test to get into business, or do you intend for it to become a successful and valuable enterprise?  Are you willing to bet all of the hard work, time and money you are going to pour into this venture on a downloaded form?

Too many new entrepreneurs are relying upon downloading formation documents from forms websites.  The problem is simple: Downloadable forms are generic.  They are designed to fit the largest audience possible, often without regard for the specific implications of the State of California or local regulations or nuances.  They lack the detail necessary to conform the specifics of your industry and your own business (and the participants within) to the business at hand.  They cannot advise you of the potential hazards ahead, or customize contracts and agreements to reflect the best interests of all involved.

Four Decades of Experience When Forming a New San Diego Corporation

The Watkins Firm has more than four decades of experience guiding new entrepreneurs and experienced business professionals who are forming a new San Dan Diego or California business or entity.  You will need an experienced legal partner to explain all of the various clauses and options within the corporate documents, bylaws, operating agreement and/or shareholders’ agreement and custom-tailor them to your unique situation.

Pro-Tip: “if you’re going to be doing some big business, you’re going to have big liability or you could personally not have big liability. And also you can have an entity that can be sold. You can have an entity that can be sold in whole or bring in investors. If you do everything right, you get to do all these things. If you get a big opportunity and you didn’t set your company up correctly, then you can’t have your friend with an extra million dollars. So invest, come on over. You’ve got to rewrite everything and You’ve got to restructure everything and You’ve got to hope you didn’t make any mistakes. And all of a sudden that opportunity doesn’t look so like a good deal. And that person who’s got the investment money will say, well, this person’s not professional. This person’s not really serious about doing business. And you’ll miss it all because you didn’t pay attention in the beginning when you formed a company.

But what we do is we create that relationship with you and we go through and tell you why we’re doing this and how it could impact you and why we’re filling this form out and what your options are and all those things that don’t take very much time, but it puts your mind in the right frame to know why I have this company and what each document does and also what selections I’ve known people that have formed companies and forgotten to do the S form selection four months later with the I R S and then they go on and they’re paying more taxes and they don’t understand because they didn’t pay attention to their corporate formation in the beginning.

And the same is true for your tax ID number or your, if you’re a doctor, a tax ID number is your same number you use to go contract with providers insurance to get you paid and all these other little things. You’ve got a relationship with a lawyer who’s probably represented exact same companies like yours. And you can ask basic questions about vendors, about contracting, about how I sign my documents, how I sign my name, my articles, my bylaws, all those things that are in place real simply for us. We give you a menu, take this, I wouldn’t do that for your kind of company. We go through them all, tell you what they mean and then three years later you got somebody investing with you and they say, oh, I’m going to take this amount of money out, or make that decision. And you go, no, no, no, we already have that written down and have already talked about it. It’s in the corporate documents!

You’ll remember that they can’t do that to you because you spent a little time with your lawyer while forming your company.” – Dan Watkins, Founding Partner

If you are considering a downloadable business form or entity formation document for your San Diego business we invite you to review our podcast Episode 34 – Business formation as well as the strong recommendations of our clients and contact the Watkins Firm or call 858-535-1511 for a complimentary consultation today.

We will discuss your plans and strategies and everything we can do to help get your business up and running quickly and cost-effectively.  We also start with a proven template to help keep costs down.  However, I’ll review each of the dozens of unique options, phrases and sections of your corporate documents to tailor them to the specifics of your company while protecting your interests.  Your business is worth a phone call.