Steve Blank has a great article & discussion on why lawyers don’t run startups. While most people are only familiar with attorneys when things go wrong, there are a lot of attorneys out there that help clients wade the through their business transactions. As lawyers, we often have to identify potential risks in a transaction,…
Category Archives: Corp
Brad Pitt, Topher Grace, Ocean’s 13, and Deciding to Incorporate
I recently wrote about picking an entity and the decision to incorporate. Another letter over at June Walker asks her for some advice after her friend tells her that there are advantages to incorporation. This reminds me of the scene in Ocean’s 13 where Brad Pitt’s character is teaching Topher Grace, playing himself, how to…
Should I Incorporate?
I get many clients telling me that they want to incorporate or form an L.L.C. for their latest crazy business idea. If they’ve done their homework and we find that a corporation is right for them, I’m always glad to assist them. However, if they are forming an entity because they heard from their father’s…
Back to Basic Basics: Picking an Entity
Earlier this week I posted on maintaining your corporate books. A couple of days later, I read over at Quick Sprout about picking an entity, in which Scott Walker from Walker Law Group guest posts on a Beginner’s Guide to Corporate Entities. It’s a nice quick run down on all the various entities, advantages, and…
Back to Basics: Maintaining Your Corporate Books
Last Friday I was the speaker for the Central Orange County Chapter of Fore Networking at Mile Square Park Golf Course in Fountain Valley, California. My topic was “Maintaining Your Corporate Books.” While there are advantages and disadvantages to each business structure (sole proprietor, limited liability company, corporation), a popular benefit of forming a corporation…
Don’t Be Ashamed To Ask For Help
With economy struggling to recover, many people who were well to do before are now facing dire consequences, being put in positions they never would thought they would have be in 5 years ago. I’ve come across two instances where people in need of legal counsel were too ashamed by their circumstances to ask for…
What’s this 25102(f) Notice for my California Corporation?
If you’ve used a document filing service to file for your California corporation, you may have received a document called Notice of Transaction Pursuant to Corporations Code Section 25102(f). One downside of using these services is that, while they generally cost less, they cannot give legal advice, and if you are confused or unsure about…
Initial Statement of Information Due Soon for New Corporations Filed on or near January 1, 2009
If you filed for a new corporation on or about January 1, 2009, you will need to file your Statement of Information very soon if you haven’t do so already: Every domestic stock . . . . corporation shall file a Statement of Information with the California Secretary of State within 90 days after filing…
Picking a Business Structure
Entrepreneur.com has an article titled “The Basics of Business Structure“, where author Michael Spadaccini explains the differences between the various types of business structures and advantages and disadvantages. Professional Corporations If you a professional (e.g. doctor, lawyer, engineer, etc) and are interested in forming a corporation, you must file for a professional corporation; you cannot…
That Official Looking Letter from the CA Secretary of State is Not So Official
When you are starting a new corporation, is important that you keep in compliance with the California Corporations Code; failure to do so can result in suspension of your corporation, which would require you to revive it should you dissolve it or continue to operate it. You may have received official looking letters from what…