Choosing a business structure for your new enterprise is an incredibly important decision, and often feels overwhelming for new business owners. It is our priority to ensure that our clients make an informed decision about what business model best fits their needs, whether it’s a corporation, a limited liability company, or one of the many other options available to California business owners.
Among many other factors, when explaining the distinguishing characteristics between the available legal entity structures, we often look at the specific industry involved, the size of the entity and potential for growth, the possible legal and financial exposure the client may face, and who will be involved in the funding and management of the entity. Another important consideration is where to form the entity. Whether our client decides to file in California, or in Delaware for example, knowing their rights and obligations is essential.
In addition to counseling our clients through the selection and filing process, we prepare company-tailored agreements, including Bylaws, Operating Agreements, Buy Sell Agreements, and Partnership Agreements.
Once a company selects and forms their new entity structure, our attorneys provide counseling so that new business owners better understand how to properly maintain the integrity of their legal entity. In addition to walking through the ongoing governance requirements, we often work with our clients through the initial post-formation process of finding investment opportunity and determining, together, how to continue to expand in a way that makes sense for their company.