California Updates Several Employment Laws: Effective January 1, 2022
The steps involved in starting a new business can be overwhelming. Especially if your area of expertise is offering a professional service, producing an item for sale, or creating original ideas, not starting and maintaining a business. The Burton Law Firm is in the business of knowing how to form your business effectively. In a very real way, it is our area of expertise. You should be concerned with offering your service or manufacturing your product, we are concerned with ensuring that your business is properly set up and operated from a legal standpoint. Let us take the strain out of business formation for you.
When starting a new business, you should first carefully select a business form. Many other decisions hinge on this selection of entity. Your risk management plan, tax plan, and ease of financing are all affected by your choice of business form. There are many options to choose from, including:
Each of these choices has particular advantages and disadvantages for your company, depending on your particular business circumstances.
While contemplating what form your business will take, you must also choose where to form your business. It may seem obvious that your business will be formed in California, but this is not always the best choice. Sometimes it can be advantageous for a new business to be formed in a state other than California because of favorable laws regarding taxes, corporate governance, and legal liability. The preceding is true even if your business will only operate in California. This question of business placement adds another layer of complexity to the business formation process that requires the help of an expert attorney that can ensure the proper formation of your business.
At The Burton Law Firm, we can advise you on an appropriate type of entity for your business and an appropriate jurisdiction in which to form your business. Our expertise can help guide you through the selection process, answering any questions that arise, and helping to get your business off to a proper start.
Once a business form has been selected, our attorneys will draft the business documents and file the necessary paperwork to make the business official and operational. This can include the creation of bylaws, operating agreements, partnership agreements, articles of incorporation, articles of organization, and similar documents. We pride ourselves on tailoring these documents to your specific needs, rather than providing cookie cutter solutions that may or may not provide the legal compliance or liability protection that you need. We want to be a part of this exciting time in the creation of your business, and facilitate starting your business off on the right track.