Choosing the proper form for your business is critically important, as it impacts every aspect of how you ultimately run your company, from daily operations to banking to potential liability to taxation. There are many potential options for individuals seeking to start a new business or a company looking to expand their current operations, which can be challenging for anyone seeking to pick the optimal format to maximize profits and minimize liabilities.
The Law Office of Gretchen Cowen provides high-quality legal representation to clients seeking to form a new business entity. I will guide you through the process, explaining each alternative along with the benefits and drawbacks of each choice. By helping you select the appropriate business form the start, I will give you peace of mind in knowing that your business has a solid foundation from which to grow.
Finding the right entity fit for your business
California permits businesses to form through a number of entities, including sole proprietorships, partnerships, limited liability companies, S corporations and C corporations. There are specific legal and filing requirements for each option, and each entity type has certain implications for your business. Choosing the proper corporate form can help you minimize personal liability, reduce the risk of costly business disputes, save you money on insurance, give you greater operational control and ensure that you comply with various laws.