According to the Small Business Administration, over 50% of all small businesses fail within the first 5 years. Vendors who supply credit to these small businesses must hedge their bets by requiring that the business owner provide a personal guarantee. That is, if your business fails to meet its obligations, you would be personally ...
Category Archives: LLC
How to Pick an Attorney for Your Business
"Pick me! Pick me!" Just kidding. Well, just a little. Inc.com is one of my favorite websites to learn more about how I can manage and grow my business. One I ...
A Corporation or Limited Liability Company Can Help You Get Business and Make More Money
While there are certain legal and tax benefits for creating an LLC or corporation, there are certainly some marketing benefits to them also. I recently had a consultation with ...
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 ...
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.
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 ...
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."
Bringing in Partners to your LLC
So you've had your head in the game for a couple of years and now looking to bring in another partner. One of my favorite daily websites to read is INC.com, and a reader recently wrote in asking about expanding their LLC by bringing in another partner. Be sure to consider whether you ...
You Need Money? I Have Some Money For Ya’. Oh, and Some Tax Breaks.
I recently wrote about Why You Should Start Your Own Business Now, and fellow business attorney Joseph Dang has written an article in the San Diego Business Examiner about starting a business during a recession. If that isn't enough for you, President Obama has promised to thaw ...
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; ...