What Do You Need to Maintain Corporate Status for Your Small Business?
Incorporating a small business can offer you tax benefits, personal liability protection, and many other valuable advantages over operating as a sole proprietorship. While it may seem to be very complicated to incorporate, a small business attorney can easily walk you through the process, and the benefits are definitely worth it. Once your business formation […]
Reminders for Those Thinking of Starting a Business Partnership During the Pandemic
Business formation is one of the crucial factors when it comes to the success of a new business startup. Have you teamed up with someone to get a business off the ground during this pandemic? Regardless of what your product or service may be, here are a few things to think about before starting a […]
Maintaining Corporate Status for a Small Business in California
If you have incorporated your small business, it is no doubt because you understand the many benefits that can be derived from this type of business formation. One example is that you reduce your personal liability. Your personal assets, like your vehicles and home, are not tied up with your business, so creditors can’t go […]
What May Cause a Business Partnership to Fail?
Are you considering a business partnership, or are you already in an existing one? While this is a popular formation for a small business when there are going to be two co-owners, you have to be prepared, just in case things don’t go as planned. What are some of the most common reasons that a […]
Is It Possible to Split from My Business Partner?
A partnership can sometimes be one of the trickiest business formations. After all, no matter how similar your vision for the future of the company, no two people will ever have the exact same ideas on how to get there. Consider the following scenarios where two people may want to get out of a business […]
5 Steps to Business Partnerships and Documentation in California
If you and a business partner are starting a company in California, it is important to understand local and federal legislation that affects everything from how the partnership agreement needs to be worded to how taxes on the business are paid. Here are 5 important steps when it comes to forming a business partnership in […]