Are you starting a new company? How will you know which business entity is best for your San Diego business and how will you know which options and elections to select? Should you choose a Limited Liability Corporation or LLC? Would an S-Corporation or C-Corporation be better for your unique circumstances? Do you qualify for a California Professional Corporation or PC? The Watkins Firm has advised San Diego business owners and start-ups for decades here in San Diego and Southern California. We can help you to select the specific entity that will provide the greatest opportunity for you to keep as much of the fruits of your labors as possible while providing important personal protections against creditors and corporate liabilities.
The first step is to understand why you need a business entity in the first place. This is not just an “image” that you project into the commercial world or some name under which you conduct your business. The LLC, S-Corporation, C-Corporation or California PC are legal entities that establish a separate legal identity from you, personally. This “corporate veil” protects you, your spouse, your home and assets and your personal checking, savings and investment accounts from the liabilities and creditors of your company. Without a business entity, you would simply conduct business as yourself and when a lawsuit or dispute arises, they would come after everything you own and all the money you have.
Each corporate entity provides advantages and disadvantages depending upon the nature of your business, the number of individuals involved, the geographical scope of the company, the income you expect to generate and the flexibility you need to manage your business and make independent choices. The experienced business formation attorneys at the Watkins Firm will help you to understand which business entity is best for your San Diego business and handle all of the corporate documents, operating agreements and related contracts that protect the company and its owners while providing continuation and succession planning when unexpected events arise. Learn more about forming your new company. We invite you to call for a free consultation at 858-535-1511.