San Diego Business and Due Diligence When buying a business, there are always risks. The process becomes even more nerve-wracking because a business is different from any other asset one can buy. While some of the aspects of the business may be tangible, many are not. The business will likely have receivables,
Legal Requirements Never before has it been easier to form a Corporation or LLC. Once you have made a decision between the two structures, the details of establishment can be implemented relatively quickly. With agencies boasting 15-minute forms and 24-hour Articles of Organization, the convenience often belittles the subsequent maintenance. We would
Avoid Problems From The Start Founders of up and coming companies have a dear place in their heart for the name of their startup. Some of them even have a business name before they have a business model. The majority of issues that evolve into trademark litigation can be avoided. While there
At some point of operating your San Diego business, you may find it necessary to acquire an influx of capital to grow your business further. This can generally be achieved in one of two ways: debt or equity. When raising capital through equity, however, there are substantial and complicated government regulations that
If you are an individual looking to form a business entity by yourself, a limited liability company (“LLC”) is one of the easiest liability-limiting business entities to form and manage. In this article, we provide you with simple steps that will help you get started.
One of the main reasons for forming any San Diego business entity is to avoid personal liability for your company’s obligations incurred during business. In this article, we provide you with information to avoid liability, including a checklist produced by the California courts for determining whether the alter-ego doctrine might be applicable.
Starting a new business in San Diego the right way can be a big undertaking, but with a solid business plan and having a strategy in place, you will have a much easier time. In this series of articles we will cover many important topics to starting a new business. In this article we will consider the following: Choosing how to structure your business, filing your tax and employer identification documents, and how to search for any applicable licensing or permitting requirerments.
In California, there is a general prohibition on the corporate practice of medicine, which includes a prohibition on operating a medical practice as a Limited Liability Partnership (“LLP”) as well. However, there is an exception for professional medical corporations. Professional medical corporations are growing increasingly popular as a business entity, and have become a go-to choice for both large and small practices. For those individual practitioners who want to start their own business for their practice, but do not want to expose themselves to the liability of operating their business as an unincorporated entity, professional corporations can offer a good source of liability protection. Professional corporations also work well for those who desire to operate their business through a more firmly structured and regulated entity as well.
Starting your San Diego business as a Sole Proprietor or General Partnership are some of the easiest business entities to form. However, both of these business entities come with a serious drawback – being that the business owner has no protection from liabilities that arise from the operations of the business. This means that if you are sued, or the business goes into debt, the business owner can be held personally liable for those debts. There are different types of partnerships however, including limited partnerships and limited liability partnerships that can offer variable levels of liability protection.
Corporations are probably the most well-known of the business entities, as they provide limited liability to shareholders, easy access to raising capital through investors, are the only business entity that can go public through an IPO, and have a rigid management structure allowing shareholders to delegate the management of the corporation to directors and officers.