So, you want to know how to dissolve a corporation? Of course, when determining how to dissolve a corporation it depends on the state where your corporation is filed. But, generally speaking, you need to do the following steps: First, when determining how to dissolve a corporation, you should check with the Secretary of State in the state where your corporation is filed to make sure the corporation is in good Read More
Articles of Incorporation: Why?
Why do you need Articles of Incorporation for your corporation? There are many aspects of forming and maintaining a corporation that are overlooked if you do not get the proper advice. Usually people understand the articles of incorporation piece of forming their corporation because that is the piece of paper that you need to file with the secretary of state. The articles of incorporation form your corporation or, Read More
How To Dissolve a Business, Do You Know What To Do?
So, you're asking how to dissolve a business? Well, I'm sure you know the answer, that is "It depends." How to dissolve a business is dependent on many factors including what , if any, business entity you have, what kind of business you are running, whether there is debt involved, your reasons for dissolving your business, etc. All of these pieces must fit together into an orchestrated event to determine how to Read More
Legal Forms: A Good Idea for Small Business Use?
I am running across more and more small business owners who have declared to me that practicing law is a matter of completing legal forms. Well, sort of. What these small business owners are missing is multi-fold: 1) There are plenty of legal forms on the internet and elsewhere, but part of the issue is knowing which legal forms to complete. 2) The form you may think you need may not be the correct form at Read More
If You Are Lacking the Proper Business Entity You May Be At Risk
Why operate your small business under the proper business entity? In short, it depends. It depends on your goals and those of your small business, but don't worry, when you work with the right business lawyer, all that will be fleshed out with you. You should note that the best entity for you and your company may be different than the entity recommended to one of your competitors or someone else in your line of Read More
Is an S-Corporation Right for My California Business?
An S-Corporation is a form of corporation that operates with many more restrictions than a traditional C-Corporation. Like a Corporation, a California S-Corporation generally provides liability protection to its shareholders, however, to determine the shareholder liability for debts of the business you should look to the underlying entity, which can be a Limited Liability Company or a Partnership, for Read More
Is a Corporation (or C-Corporation) Right for My California Business?
When you think of a corporation you undoubtedly think of a company like Google or Apple. These are both fine examples of corporations but you don't have to be the size and stature of one of these corporations that are household names in order to be a prime candidate to form a corporation. Corporations can be C-Corporations, like Google is and is what we usually think of when we think of corporations, or can be 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