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
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
