You have had your business for over twenty years. You are operating as a sole proprietor and have spent this time building and creating wealth for you and your family and life is rather, excellent. Then, while working, something happens, you get involved in a lawsuit and have judgement entered against you. Your entire nest egg is subject to attachment. This would not have happed if you separated your personal assets from your business. Proper Business Planning can help shield your personal assets from creditors who sue your business.
The Next Step
If you have created a business and operating it as a sole proprietor and has grown in size and value, perhaps it is time to set up a business entity. A corporation or Limited Liability Company could be the answer.
My Law Office will guide you through the process of setting up a California Corporation or Limited Liability Company. Services include:
- Helping to obtain a Name for your Company
- Filing the proper paperwork with the Secretary of State
- Drafting Articles, By-Laws, Operating Agreements
- Obtaining a Tax Identification Number
- DBA’s & Business Licenses
- Stratigies for retirement for yourself and Valuable employees at your company.
What is the correct structure for you?
Whether it be a California Corporation or Limited Liability Company, my Law Office will sit down with the business owner(s) to make a determination as to what type of business structure is right for you. This decision is largely based on who are the owners, what does the business do, where and how does the business transact business? The amount of money the business makes is also a factor. My Law Office will sit down with you and make a determination, if any, as to what the best step is for you and your business.
No, you do not need an attorney to help you set up a Corporation or Limited Liability Company. However, it’s a good idea to have an attorney help you in the process, especially where compliance is going to be an issue. Being in compliance with the corporate form will help combat future litigants from piercing the corporate veil thereby enabling litigants to access your personal and real property holdings.
My Law Office will be able to inform you how much it will cost to set up a California Corporation or Limited Liability Company after I have set up and concluded your free consultation via Zoom.