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14 09, 2016

GUARDING AGAINST PERSONAL LIABILITY FOR RENTAL PROPERTY OWNERS IN CALIFORNIA

By | September 14th, 2016|Business Law, LLCs|Comments Off on GUARDING AGAINST PERSONAL LIABILITY FOR RENTAL PROPERTY OWNERS IN CALIFORNIA

Big rewards can be reaped by owning investment properties, but so too can big risks. One common threat real estate investors wish to avoid is personal liability for judgments resulting from a lawsuit. Even the most conscientious owner may one day find him or herself embroiled in a costly legal battle. While it is impossible [...]

14 09, 2015

Should You Elect S Corporation Status for Your New Business?

By | September 14th, 2015|Business Formation, Business Law, Corporate Compliance, LLCs|Comments Off on Should You Elect S Corporation Status for Your New Business?

At the outset, it is important to clear up one common misconception our San Diego business attorneys hear a lot: An “S Corporation” is not a type of entity which can be formed through the California Secretary of State’s Office. Unlike a C Corporation, an LLC or LLP, an S Corporation is a type of [...]

28 02, 2015

What is an LLC Operating Agreement?

By | February 28th, 2015|Business Formation, Business Law, LLCs|Comments Off on What is an LLC Operating Agreement?

LLC stands for limited liability company. With an LLC operating agreement, you and your co-owners can set up clear financial and management structures to suit your business. The agreement includes ownership percentages for each co-owner, the amount of each co-owner's share of the profits or losses, and the rights and responsibilities of each co-owner. The [...]

9 02, 2015

How Do I Set Up an LLC In California?

By | February 9th, 2015|Business Formation, Business Law, Corporate Compliance, LLCs|Comments Off on How Do I Set Up an LLC In California?

How Do I Set Up an LLC in California? A small business owner may be drawn to the idea of establishing an LLC for a variety of reasons. This is a kind of company with an owner who can receive various tax benefits as compared to a corporation and who are protected from personal liability. [...]

9 02, 2015

What Are The Key Benefits Of An LLC?

By | February 9th, 2015|Business Formation, Business Law, LLCs|Comments Off on What Are The Key Benefits Of An LLC?

There are many business structures available, but a limited liability company (LLC) offers an excellent combination of the perks that are offered by proprietorship's and corporations. However, there are some business types that are not allowed to become an LLC, such as those that provide insurance or banking services. Additionally, California law prohibits licensed health [...]

15 07, 2014

Why Should I Form An LLC Instead Of A Corporation In California?

By | July 15th, 2014|Business Formation, LLCs|Comments Off on Why Should I Form An LLC Instead Of A Corporation In California?

While the needs of each business are unique, where the entity will be owned by a few individuals who do not have a professional license, as required by the California Business and Professions Code, an LLC is often a very good choice. Like a corporation, an LLC provides protection from liability to the members of [...]