Orange County Business Attorney Is Here to Help
Orange County is a fantastic place to live and work. With our many beaches, Disneyland, Knotts Berry Farms, and so much more to entertain our many visitors and residents alike – what could be a better place to open and own your own business? So if you are of an entrepreneurial mindset, you may be wondering what assistance an experienced Orange County business lawyer like Allison Soares, Attorney at Law might be able to give you throughout the life of your company.
Protecting Small Businesses
Small businesses often open on a tight budget, so things that are not of immediate importance – or seem that way – can easily be put off until “another day” in the eyes of the owner. And while that may seem to make sense, the truthfulness of this mindset really depends on whether you are focussed on your long term or short term goals. When looking at the big picture, it is easy to spot the error of thinking short-term. You might be tempted to put off things like hiring a lawyer to help protect your business now, simply because your company is brand new and you don’t have much to protect yet. But skimping out on important legal protection now can cause massive problems down the road – problems that can end up costing you many thousands of dollars or worse.
When forming your business, there are many questions that you will likely have. You can attempt to research these issues online, but nothing is as accurate or as much protection as working with a lawyer. When you research issues online, you really have no way of knowing if the information that you are getting is accurate. It may have been written years ago, and the laws of your state may have changed since then. Or the information may have been lacking vital specifics that matter a great deal to the type of business that you are starting.
The only way to know for sure that you are setting up your business on solid ground is to work with a lawyer who knows business law in your area – like an experienced Orange County business attorney. They will not only have the proper information that is complete, accurate, and up to date, but they know how to best protect your business for years and decades to come. This is not something that can be learned from a bit of quick research on the internet; it comes with years of law school and legal business experience helping other entrepreneurs just like yourself. We can help you answer questions like:
- What sort of business entity would be best for my business (Partnership, sole proprietorship, limited liability company (LLC), S-corporation, C-corporation, etc.)?
- What are the tax implications for each entity above?
- Which business format will give me the best protection for my personal assets?
Deciding which business entity to use is only the first step in the process. Certain things are required of businesses, such as corporations, in order to remain valid corporations in the long run. If you fail to continue to monitor and maintain your corporate status properly, then if a lawsuit comes down the pike, you may be in for quite a shock. For instance, if you haven’t held shareholder or director annual meetings etc., the plaintiff who is suing you may attempt and succeed at “piercing the corporate veil,” which puts you personally at risk for the debts of the company.
A business lawyer can also help with protecting intellectual property. This is anything that is created by the business – from logos, names, and branding items, to architectural blueprints for an architecture firm or software for a software design company.
Business Dissolution or Succession Planning
When people are in the trenches of opening a business, one of the last things that they really want to take time to think about is exit strategies or what happens when one or more founding people want to leave the company. That can feel a bit like planning for divorce while planning your wedding. But, matrimonial bliss aside, when planning your business, it is critical that exit strategies are carefully considered and codified in the by-laws of your business. Any power shifts must happen smoothly and in a way that avoids legal issues that might jeopardize the health of the business.
Call Us Today
No matter what stage of growth your business is in, having an experienced Orange County business lawyer at your side will help you to smoothly maneuver through the landmines of business ownership. Let us help you plan for success by calling today to set up a consultation, or contact us online. We look forward to helping you take your business to the next level.