San Diego ranked fourth in startup businesses in a recent survey. Only Miami (3rd), Austin (2nd) and Los Angeles (1st) ranked higher in the number of adults starting new businesses each month over the past year. The study, by the Ewing Marion Kauffman Foundation also noted new business startups slightly increased last year, but at a slower rate than the previous three years. The organization, based in Kansas City, is one of the largest private foundations in the US and is focused upon education and entrepreneurship.
The Watkins Firm has helped entrepreneurs in business formation and startup operations for decades here in San Diego. We provide sound general business counsel based upon decades of expertise and experience in most business and technology sectors. We are committed to helping new business owners to select the right entity for their company. Should you consider an LLC, S-Corporation, C-Corporation or a Professional Corporation (often referred to as a PC)? The elections you make at the outset will have an impact upon the your company’s options as the business grows and prospers. Our seasoned attorneys guide entrepreneurs and new business formation clients through the process. There are many optional clauses within corporate documents including the operating agreement and by-laws which establish crucial issues such as voting rights and profit distribution.
San Diego ranked fourth in startup businesses but California is one of the most complicated and regulated corporate environments in the nation. New business owners must consider the tax ramifications of entity selection, as well as the roles and responsibilities of each party associated with the new company. What are your plans for the future? Will your new entity conduct business across state lines? Across international borders? How will new investment be brought into the company in the future? How do you maintain control of your company as you grow and expand in response to the challenges and opportunities which arise? How can you reduce or eliminate the likelihood of litigation, and prepare your company with a strong foundation?
We invite you to contact the experienced startup business attorneys at the Watkins Firm for a free consultation at 858-535-1511. Learn why starting your company is so much more than downloading a few forms and paying a few dollars to the State of California. It’s about preparing the vehicle that will carry you into the profitable and successful future of your dreams.