So You Want To Form a Limited Liability Company…

When you decide to start a business, one of the first decisions you’ll make is how to  actually structure the business. Will you be a sole proprietor? Will you form a partnership?  A corporation? Or will you opt for the popular Limited Liability Company (“LLC”) formation? A  Limited Liability Company or “LLC” is a business structure allowed by state statute.  One reason for their popularity is the feature  that  Read More

What Does an Outsourced General Counsel Do?

When you work with an outsourced general counsel they will take on the legal piece of your business, steer your company into compliance, and help you mitigate your legal risk.  This lawyer should work with you rather than for you, be your trusted legal advisor. Generally, your outsourced general counsel will form your company using a business structure that benefits how you work, protects your assets, and considers Read More

Do You Have a Business Plan for Your Business?

Too many people that I have spoken with do not have a business plan.  Why?  Well, they are human and they do not want to box themselves in to one thought or idea. I understand their hesitation, I really do.  I thought the same thing when I started my business, but what I learned over time is that a business plan should be a fluid document that is meant to be referred to often and either followed or changed.  We all Read More

Sole Proprietor – What Is It and How Do I Become One?

Acting as a sole proprietor could be the most common form of business.  A sole proprietor is a sole business owner, he or she has no partners.  Also, since there is no distinction between the person and the entity all profits and losses are personal.  Because the entity and the owner of the company are one in the same, any liabilities incurred by the company will be the personal liabilities of the owner and the sole Read More

What Business Entity Should I Create?

In short, it depends.  The business entity that is best suited for your neighbor and her organization is not necessarily the best business entity for you and your company.  There are many discussions that must take place before selecting the best entity structure. In California, there exist 5 basic types of business entities.  They are: Sole Proprietorship - This is probably the simplest of the business structures Read More

What is an Outsourced General Counsel?

Yes, outsourcing is all the rage, sometimes good and sometimes, well.... An outsourced general counsel is an attorney who provides legal services to businesses, their owners and officers on an ongoing basis.  I like to think of your lawyer as an integral piece of your business, your legal "piece" of mind.  Do you need a business lawyer like this? Almost all large corporations have a general counsel or an in-house Read More