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.
While many small businesses operate as “Sole Proprietors” or “General Partnerships” and do so with acceptable limits of insurance, such persons remain liable for all debts of the business and all claims and judgments against it. Such liability puts an individual’s personal assets at risk, including his or her home, savings and investments. Operating properly as a Corporation or LLC limits liability of the business to that entity, ensuring the safety of the Owner’s personal wealth. Further, Corporations and LLCs offer tax advantages and potential payroll opportunities not available to Sole Proprietors and General Partnerships.
The California Corporations Code and Business and Professions Code inform which entity is right for you. Along with payroll, revenue, and other tax considerations, we can advise you as to the appropriate entity for your business.
We offer flat-fee arrangements for basic organization of California corporations and limited liability companies. These flat fees include the below services and costs. Please contact us directly for a quote for professional corporations or converting entity type, as these vary in complexity and are subject to a minimum retainer of $5,000.
One 30 minute consultation meeting
Requesting the LLC name from the Secretary of State (“SOS”)
Drafting and expedited filing of Articles of Organization with the SOS
Drafting of the Operating Agreement
Drafting and filing of the initial Statement of Information with the SOS
Providing address verification to the Franchise Tax Board, upon direct request of the FTB
File application for FEIN from the IRS
Draft one Grant Deed to transfer title of one real property to the LLC
Draft information letter to client with respect to organization of business
Provide all documents for electronic client signature, upload documents to the electronic client portal, provide original documents and Organizational Book to client
Pay costs for the name reservation from the SOS; costs of the expedited filing fee paid to the SOS for the Articles and Statement of Information; cost of the LLC Organizational Book.
* Note that the flat fee does not include the filing fee(s) for the business license, Grant Deed, fees or costs associated with any DBA, the filing of any S-Corp Form 2553 Election with the IRS, the transfer of any permitted professional license or any other work or cost not identified above.
** Multi-Member LLCs include all of the above work as adjusted upward for additional Members, all of the above filing costs, and a Multi-Member Operating Agreement rather than a standard single-member Operating Agreement.
LLCs requiring additional work will be priced on a case by case basis.
We will calendar, draft and file the annual Statement of Information, serve as the Agent for Service of Process, and draft the Board of Directors and Shareholder Meeting Minutes, if applicable. Non-standard documents will be priced on a case by case basis.
Establish a professional business address and optional dedicated physical mailbox at VRL’s Office.*
Enhance your workspace experience with a 10% discount on room and office rentals in the heart of West Portal beyond your membership benefits, based on availability.
Additional support staff time throughout the year to assist with administrative tasks, ensuring your business operations run smoothly. Please note, these hours are good for one year and do expire after 12 months.
*Contact us about pricing for optional mailbox and mail handling services.
**Please note these subscriptions are billed annually on a rolling 12-month basis unless you email us 30 days in advance to cancel your subscription.
One 30 minute consultation meeting by telephone, video conference or in person
Requesting the corporate name from the Secretary of State (“SOS”)
Drafting and expedited filing of Articles of Incorporation with the SOS
Drafting of all corporate organizational documents, including the Share Certificates, Investment Representation Letter, Organizational Minutes, Bylaws, and Certificate of Incorporator
Drafting and filing of the initial Statement of Information with the SOS
Providing address verification to the Franchise Tax Board, upon direct request of the FTB
File application for FEIN from the IRS
Draft information letter to client with respect to organization of business
Provide all documents for electronic client signature, upload documents to the client portal, provide original documents and Minute Book to client
Pay costs for the name reservation from the SOS; costs of the expedited filing fee paid to the SOS for the Articles and Statement of Information; filing fees paid to the Dept. of Business Oversight; cost of the corporate Minute Book.
* Note that the flat fee does not include the filing fee(s) for the business license, fees or costs associated with any DBA, the filing of the S-Corp Form 2553 Election with the IRS, the transfer of any professional license or any other work or cost not identified above.
** Multi-Shareholder Corporations include all of the above work as adjusted upward for additional Shareholders, all of the above filings costs, and a standard Shareholder Buy-Out Agreement.
Corporations requiring additional work will be priced on a case by case basis.
We will calendar, draft and file the annual Statement of Information, serve as the Agent for Service of Process, and draft the Board of Directors and Shareholder Meeting Minutes, if applicable. Non-standard documents will be priced on a case by case basis.
Establish a professional business address and optional dedicated physical mailbox at VRL’s Office.*
Enhance your workspace experience with a 10% discount on room and office rentals in the heart of West Portal beyond your membership benefits, based on availability.
Additional support staff time throughout the year to assist with administrative tasks, ensuring your business operations run smoothly. Please note, these hours are good for one year and do expire after 12 months.
*Contact us about pricing for optional mailbox and mail handling services.
**Please note these subscriptions are billed annually on a rolling 12-month basis unless you email us 30 days in advance to cancel your subscription.
We will handle the preparation of your business license application for one city and county time and fees will be billed against a $1000 retainer. This comprehensive service covers the necessary documentation and ensures a smooth application process.
We can assist you with buying or selling a business. Whether you are selling the ownership interest in your company (e.g., a Corporate Share Purchase Agreement or LLC Membership Interest Purchase Agreement) or the assets of the company (an Asset Purchase Agreement), we can assist you from the first point of discussion through the completion of the transaction. With rates beginning at a minimum fee of $5,000.00 for the most basic transaction, we offer high caliber, efficient advice to buy or sell small to mid-size businesses.
We also offer day-to-day transactional advice at our hourly rates, as follow: Senior Attorney: $500; Attorney: $375; Staff: $250, and work with your goals and budget to offer expert and efficient advice