Los Angeles Business Formation Attorney
Helping Companies Get Their Start
Starting a new business is an exciting time for any owner, but there are many legal complexities that can come with building a new company. Whether you are a brand-new entrepreneur or an experienced business owner, having an attorney walk you through the business formation process can be the best way to ensure your company is set up for success.
We at the Law Office of Steven R. Lovett are proud to help businesses owners like you get their companies off the ground. By offering our experience and insight into the business-formation process, we are able to help any business owner navigate a path that can be otherwise confusing and difficult (remained of sentence omitted). Rest assured that by working with our Los Angeles business formation attorney, you and your company’s unique needs will be taken into account.
Learn more about how the Law Office of Steven R. Lovett can help you establish your new company during a free initial consultation.
How We Can Help You
Most companies are established as one of four basic business entities. These include partnerships, sole proprietorships, limited liability companies, and corporations.
At the Law Office of Steven R. Lovett, we can help any business owner establish the type of company that they feel is best suited to help them accomplish their long-term business goals.
Each business structure comes with its own considerations for personal liability and taxation:
- Sole Proprietorships: The business owner is legally indistinguishable from their company. All business debts and profits personally belong to the business owner.
- Partnerships: A business formed among two or more people who decide how the business’s profits and liabilities will be divided among them. Each partner can therefore be personally liable for some part of the company’s debts, unless organized as a limited liability partnership or limited partnership.
- Limited Liability Companies: These businesses differ from partnerships in that their members are not personally liable for their business’s debts. It’s also common for individuals to hold assets like rental properties and vacation homes in LLCs to insulate either the property or their personal estate from liability.
- Corporations: Whether organized as C or S corporations, these businesses protect their business (delete “completely”) owners against the company’s liabilities, unless a personal guarantee exists. Corporations are the most complicated businesses to establish and maintain.
Unsure of which business structure is right for your company? Our business formation attorney in Los Angeles can provide you with the information and guidance you need to make the decision that’s right for you.
Are You Considering a Business Partnership?
If you’re thinking about establishing a partnership, don’t make the crucial mistake that so many before you have made. Many people who form business partnerships do so with friends and trusted colleagues, so they may feel that it is unnecessary to memorialize how their business will work with a partnership agreement is unnecessary.
Failing to establish a partnership agreement can be a terrible mistake to make, especially when the company experiences hard times or partners begin to disagree on how to run the company. It’s not uncommon for partnerships to fail prematurely either because they had a weak partnership agreement or none at all.
Our business formation attorney in Los Angeles can help you and your business partners protect your company and your interests by creating a sane and sensible partnership agreement. A document prepared by a competent lawyer like ours can serve as a guiding light during any disputes that may arise in the future – it can even help you avoid unnecessary and costly litigation.
Do You Need Legal Assistance?
If you are looking for a business formation attorney in Los Angeles to help you establish your new company, look no further than the Law Office of Steven R. Lovett for help. We’ve proudly served business owners like you for more than 40 years and have helped them achieve their goals along the way.
For more information, request a free initial telephonic consultation with our attorney by contacting us online!