Why Should You Operate as a Corporation or Limited Liability Company (“LLC”)?
Many small businesses operate as “Sole Proprietors” or “General Partnerships” with acceptable limits of insurance. However, these structures leave individuals personally liable for all business debts and claims, risking personal assets such as homes, savings, and investments. In contrast, operating as a Corporation or LLC limits liability to the business entity itself, thereby protecting the owner’s personal wealth. Additionally, Corporations and LLCs offer tax advantages and payroll opportunities not available to Sole Proprietors and General Partnerships.
What is the Difference Between a Shareholder Corporation and a Limited Liability Company (“LLC”)?
The California Corporations Code and Business and Professions Code help determine the suitable entity for your business. Key considerations include payroll, revenue, and other tax factors. Consulting with a business lawyer can provide guidance on choosing the appropriate entity.
How Can a Business Lawyer Help You?
A business lawyer assists with various legal issues related to running a business, such as:
- Drafting and reviewing contracts
- Advising on compliance with laws and regulations
- Handling employment issues
- Protecting intellectual property
- Negotiating and closing business deals
Why Von Rock Law?
We establish corporations and limited liability companies best suited for our client’s goals, and then act as day to day legal counsel to support our clients with ongoing business operational matters. Establishing an entity is an exciting step in growing your business. Whether you are launching a new career, taking your existing company to the next level or looking for liability protection for your real estate investments, it is our goal is to educate and help our clients select the right entity and comply with the extensive legal requirements involved in properly launching a corporation or limited liability company.
Business Formations – Flat-Fee Pricing
We offer flat-fee arrangements for the basic organization of California corporations and limited liability companies. These fees cover the services and costs listed below. For professional corporations or converting entity types, please contact us for a quote. These cases are more complex and require a minimum retainer of $5,000.
Limited Liability Corporations
- Single Member LLC: $4,300
- Multi-Member LLC: $5,800
Shareholder Corporations
- Single Shareholder: $4,300
- Multi-Shareholder: $5,800
For more details or to start your business formation process check out our business page here.
