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 ...
Tag Archive: 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 ...
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; ...
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 you ...
Why Should I Pay You To File For My Corporation When the Other Guy Does It for Less?
Businesses are always looking to cut costs, and with the economy the way it is, certainly you should spend your money wisely when starting a new company. Over the years, there have been a slew of "Document Filing" companies like MyCorporation and LegalZoom that will draft legal forms for you, such ...
CA is Cracking Down – Make Sure Your LLC Is Compliant
Over the past few weeks I've been writing about how you can manage your LLC. Now, LA Times is reporting that the State of California is now cracking down on LLCs that have not been compliant in its forms and paying taxes and fees. According to the article, LLCs face suspension if: - ...