Law offices of Gerald L. Kane | A Life Care Planning & Elder Law Firm

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Helping You Protect Your Loved Ones And Your Legacy

Business Formation Assistance In Los Angeles County

Whether you are a budding entrepreneur mulling that first solo business venture or a seasoned businessperson plotting the next successful business start-up, an experienced business planning attorney can provide the necessary advice to ensure your new business gets off on the right foot. Your choice of business entity can affect personal liability, tax consequences, and profit margin.

For a thorough analysis of your business formation needs, contact our business formation and succession lawyer at Law Offices of Gerald L. Kane in Encino: 818-905-6088. Our law firm has served Southern California with distinction for more than 20 years.

Keeping An Eye On Your Bottom Line

You can count on us to be constantly looking at your “bottom line” and emphasizing the importance of asset protection. We will work long, hard, and closely with you, your accountant, or any other financial advisors to arrive at clear objectives and the best choice of entity to meet your business goals. We will explain your options and the benefits and disadvantages of each.

We believe that the right choice of entity and planning for your business can serve as a primary method of avoiding or limiting future litigation or business liability. Litigation, win or lose, can be an expensive proposition and one to be avoided through techniques of preventive law.

Our skilled California business entity formation lawyer explains the many business entity options available and provides advice tailored to the unique considerations of each client’s objectives. Some of the legal entity choices we will guide you through include:

  • Incorporation
  • Limited Liability Company (LLC)
  • Limited Liability Partnership (LLP)
  • Professional Corporation (PC) or Professional Association (PA)
  • Sole proprietorship
  • General partnership
  • C corporations and S corporations

The Pros and Cons of C Corporations and S Corporations

A C corporation is what most people consider to be a standard corporation. A C corporation is a separate legal entity and has the right to hire employees, buy property, and function like a standard corporation. An advantage of the C corporation is that its stockholders have limited liability. However, a disadvantage to the C corporation is in regards to taxation. Both the corporation and the dividends paid to stockholders are taxed.

An S corporation avoids the “double taxation” of a C corporation, but there are a number of rules that must be followed before a corporation can become an S corporation. For instance, an S corporation can have no more than 75 shareholders, and each shareholder must be an individual who is either a United States citizen or a permanent resident alien. Let our team at the Law Offices of Gerald L. Kane help you decide what business entity works best for you.

Contact Us for Business Formation Advice in Southern California

Once a decision has been made about the type of entity, we facilitate the completion of all necessary documents, such as operating agreements, shareholder agreements, partnership agreements, articles of incorporation, and other business start-up documents (as applicable to the type of entity being created). We also advise you of important business succession considerations. Additionally, our law firm is available to provide ongoing business law counsel to address the ongoing legal needs of the company.

Our outstanding business formation and estate planning lawyers would welcome the opportunity to speak with you about your needs. We’ve been serving citizens in Encino, Los Angeles County, and the San Fernando Valley with timely business formation and estate planning help for more than 20 years.

Call, fax, or e-mail Law Offices of Gerald L. Kane today to set up your no-obligation initial consultation. We look forward to working with you as you start your new business.

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