Before you begin business operations, it is important that you make appropriate decisions regarding what kind of business legal entity should be put in place to protect your business. At Jacobs & Dodds, Attorneys at Law, we can help you decide what business entity is right for you based upon the nature of your business and tax considerations. Sometimes we may advise against certain kinds of business entities based upon financial considerations and other avenues available to offset potential liability.
We will take the time to understand your unique business needs and help devise a solution that will protect your immediate and future business interests. Contact us today for a free consultation with an experienced business formation attorney.
Each of our attorneys has at least 25 years of experience in business formation.
At Jacobs & Dodds, you will speak to a business lawyer who will analyze your needs and the needs of your company. You will actively participate in the business formation from start to finish. We can help you address the advantages and disadvantages of certain business entities, including corporations versus LLCs. Usually the differences will involve the handling of tax liabilities, personal liabilities, and responsibilities involved with corporate, LLC or partnership formation.
The decision to incorporate or to form a limited liability company should be made after speaking with a business attorney and a business accountant. Some of the factors that should be considered include:
- How risky is the business?
- What will the tax benefits be if the business is incorporated or formed as a limited liability company?
- Is the business seasonal in nature so that the ability to carry income over from one year to the next may be critical from a tax-planning standpoint?
- Are the business owners willing to do the work required to keep a corporation or limited liability company in good standing with the California Secretary of State, the State Franchise Tax Board and the IRS?
Our attorneys will help you explore all of your business formation options and alternatives to ensure that you make the best decisions to protect your business, assets, and profits. Contact Jacobs & Dodds for a free consultation with an experienced business law and transactional attorney or to speak with an experienced Orange County, California, trial lawyer from our business law firm.
Free initial consultations • Phone calls always free • Extensive trial experience • Located next to John Wayne-Orange County Airport