The LLC - Business Incorporation Attorney
Before you start a business, you must first determine which type of business entity you wish to form. For many first time business owners and joint ventures alike, the limited liability company (LLC) is the best option.
An LLC is a hybrid entity that has components of a corporation and a partnership. It is the preferred form of business entity for many business owners and joint ventures because it allows considerable flexibility while providing significant asset protection.
To speak with a San Diego business law attorney about your business formation, contact me, attorney Daniel J. Cross. I have more than a decade of business law experience and business incorporation is a central component of my law practice. To schedule a free consultation, call 619-894-8339, or contact me by e-mail.
More About the LLC
Many aspiring business owners and joint venture participants like the LLC because it provides the liability protection of a corporation and the tax treatment of a partnership. It also allows maximum flexibility when it comes to division of ownership and management duties and you don't have to maintain all of the corporate formalities of a corporation.
Where Should I Form My LLC?
Is there an issue of where to form an LLC? At your free consultation, we will discuss this issue. I can help your determine which state is best and then file appropriate documents to help you form an LLC in California, Delaware, Nevada or another state that has favorable corporate protection laws.
Put My Experience to Work for You
The formation process itself is simple. However, the key to LLC formation is the operating agreement. The operating agreement outlines the duties of the owners and management of the company and also determines how money will come into and out of the LLC.
I am very thorough and detail oriented in the process of creating each operating agreement. I will meet with you and your partners in order to make sure I understand your individual circumstances and the goals and objectives you have for your LLC. The operating agreement I draft on your behalf will be comprehensive and will be tailored to meet the goals and objectives of your business or joint venture. Some of the key questions that are usually answered in the comprehensive operating agreements I prepare for clients include:
- How will the business be funded?
- How will the business be managed?
- What happens if the business runs out of money?
- How will profits be shared and dispersed?
- How may an individual transfer rights to the business?
- How will disagreements between owners be resolved?
- Will new owners be allowed to join the business?
- What is the exit strategy for the business?
Filing the Articles of Organization for the LLC is simple. Preparing an operating agreement that adequately addresses all the issues your LLC will face is not. That's where I come in. I have been preparing individualized operating agreements specifically tailored to my client's needs for close to 10 years.
Whether you need an operating agreement for your new business or joint venture or would like to have your existing operating agreement reviewed by an experienced professional, contact me.
Contact Me
If you need to speak with a lawyer about an LLC formation, contact my law office in San Diego, California. For assistance, call 619-894-8339, or contact me by e-mail.
