In California, there are a wide range of available options for the formation of a business entity. These options include sole proprietorships, unincorporated associations, general and limited partnerships, S and C corporations, and limited liability companies. Among them, the most common is a corporation, which is a separate and distinct legal entity under the law. A corporation can open bank accounts, own property and conduct business, all under its own name. The primary advantage of a corporation is that its owners, known as stockholders or shareholders, are not personally liable for the debts and liabilities of the corporation.
Each type of business entity has its benefits and risks. Our Firm can help you determine which entity type is best suited for your business, depending on your financial investment and management structure. Our Firm works with clients through all stages of business establishment, including the drafting and filing of any organizational documents, such as articles, by-laws, and shareholder or investment agreements. Our attorneys can assist you with the formalities of issuing ownership interest in the entity, or conducting initial shareholder and board of director meetings.