When California entrepreneurs are thinking about starting a business, the formation process can be particularly important for its future success. For example, you could create a corporation, a partnership, or a limited liability company, depending on the particular needs of your business and the structure that will be put in place. It can be critical to understand exactly what each of these choices can mean for your business and its operations.
You can choose the type of business entity that best fits your management style, available capital and susceptibility to risk. Once you make that choice, the process will include creating necessary documents and filing with the state in order to properly register the entity and receive the protections conferred by the status that you have selected. The charter documents will also make clear the obligations of the business owners as well as their rights.
There are a number of legal issues that can be critical to a start-up companies in the process of developing its structure. Business lawyers can be important in making the right decisions for new ventures as well as established firms. Some of the issues that can arise for a new business include complying with government regulations and tax law, preparing shareholder agreements, seeking equity and debt financing and protecting trade secrets and other intellectual property.
Our commercial law attorneys have extensive experience in a range of matters related to the founding of a business and its development. We even serve as outside general counsel to a number of companies to provide them with the ongoing legal support that they need. If you want to learn more about the legal issues that can accompany starting a new venture, please visit the page on our site for additional information.