4 Reasons to Set Your Small Business Up as a Corporation

4 Reasons to Set Your Small Business Up as a Corporation 1

When you are forming a new startup, one of the considerations is whether you should incorporate. Let’s take a look at some of the reasons you may decide this is a smart move for your small business. Tax savings – A sole proprietor will pay 15% in self-employment tax on all taxable income. Therefore, you […]

The Importance of Maintaining Your Company’s Corporate Status

If you have incorporated your small business, then you no doubt understand many of the benefits that come with maintaining corporate status. For example: Your business and personal assets are kept separate Various corporate structures have different tax benefits Corporations can take additional expenses as deductions Adds credibility to your business However, it is important […]

Why You Shouldn’t Incorporate Your Business.

Business Formation Attorney

You can find many informative articles on the internet detailing the reasons why you should incorporate your business. But one thing seems to be in short supply, and it’s articles that detail the reasons why you shouldn’t incorporate a business. Of course incorporating a client’s business is lucrative to me, and incorporations make up a […]

What YOU Should Ask Your Attorney

Corporate Attorney San Diego

In my last blog post, I concentrated on the importance of a specific question an attorney should ask their client before forming a business for them. In this entry, I’ll concentrate on what a client should ask their attorney. Many questions come to mind, but I’ll focus on which questions a client should ask an attorney before […]

How to Finance a Buy-Sell Agreement

Business Attorney San Diego

In a previous blog entry I discussed the importance of the buy-sell agreement to any new business, especially when it is closely held (i.e. a small number of members/owners/shareholders). The question my clients ask me at this point is how can they finance the buy-sell agreement. Oftentimes they simply don’t have the money to buy their partner out, […]