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Tag Archives: Incorporation.
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I have come across too many companies that have started up the wrong way, costing them valuable time and money. As the boss, it is important that you know how to avoid these costly mistakes when you start up, so that you can make sure that your startup is advancing in the right direction. In the video , I discuss the following three tips to help you start and structure your company in the right way.
Are you starting a new company and are trying to figure out whether a limited liability company (LLC) or corporation is the right legal structure for your business? There is a lot of information on the Internet about which type of legal structure is best for startups. And there is no shortage of opinions when you talk to accountants, attorneys, and business contacts. You ultimately will need to determine what is best for you and your business, but I wanted to provide some practical perspective based on what I see with actual startups and their experiences.
Entrepreneur’s Question: “What are all of the items (e.g., legal documents, agreements, etc.) that are required to incorporate a business? I want to make sure that I have the right foundation down as I start my company.”
Entrepreneur’s Question: “Today, I am a sole proprietor and have a general partnership agreement with my wife. I need a real simple corporation, maybe an S corp. Could you please help me figure out the right type of company to set up?”
When you start your new business and you are ready to form a corporation to structure your company, one of your first major decisions will be to select the state of incorporation for your company. For many businesses started in California, choices may be a California corporation or a Delaware corporation.
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