Forming a new business can be a daunting task, especially if you want to create an LLC instead of a sole proprietorship. While there are plenty of benefits, you need to watch out for some potential pitfalls if you want to attain those advantages. Here are a few mistakes to avoid:
- Thinking it’s too difficult – Many people lose out on the benefits of forming a Limited Liability Company simply because they think the process is more complicated than it actually is.
- Thinking it’s too easy – In some states, you may be able to get away with simply filling out the online forms. However, in California, the state requires some additional paperwork if you want to operate your small business as an LLC here. While you are not required to file an operating agreement, you don’t want to get caught without one either if a government agency ever asks about it.
- Thinking you should try to do it on your own – If you hire the right business attorney, you won’t spend a fortune, and you will have the peace of mind of knowing that you have all of your paperwork filled out the right way. What would be really expensive is trying to do the paperwork on your own, messing up, and ending up with a penalty.
A Small Business Attorney for Business Formations in California
Pokala Law APC specializes in helping entrepreneurs like yourself to acquire the right documents for incorporating your small business. To get the process started, call 1-844-695-1487, or you can request an appointment online.