Whether you are an entrepreneur who is just getting started or an established corporation, KEOSIAN LAW LLP is committed to helping you achieve your business goals. Our experience will help you navigate and avoid problems that may arise in the course of your business, from formation through organization and development.
We offer guidance and advice with mergers and acquisitions; purchase and sale of businesses and business property; employment agreements and termination agreements; business contracts; restructuring agreements; business formation and entity selection; independent contractor agreements and much more. In addition, we have expertise in brand licensing and intellectual property.
The best thing you can do for your business is to create a strong foundation that supports your interests and rights. KEOSIAN LAW LLP is here to help you achieve success.
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Business Law FAQ
Business Law deals with everything from the creation of new business to any issues that can arise while operating, such as tax law, intellectual property, real estate, sales, employment, bankruptcy, contracts and more.
As businesses and business owners interact with the public, other companies, or the government, legal assistance is always beneficial.
Business attorneys help guide businesses through the myriad of state and federal laws that affect its business. They help with all aspects of entity issues (such as forming a corporation or other entity, corporate maintenance, selling additional shares, stock option plans, and dissolution), contracts (drafting, review and negotiation), disputes with third parties, and other issues that affect your business, such as employment issues, protecting intellectual property and regulatory compliance.
Proper business planning and formation at the outset can help prevent serious issues or pitfalls in the future. We strongly recommend and encourage you to contact the experienced Business Law attorneys at Keosian Law LLP at (877) 554-2226 to determine which type of business will best meet the needs of your operation.
- Sole Proprietorship: A sole proprietor is someone who owns an unincorporated business by himself or herself. Sole proprietorships are easy to establish and dismantle, due to a lack of government involvement, making them popular with small business owners and contractors. The main disadvantage of a sole proprietorship is the unlimited liability that goes beyond the business to the owner. The debts of the sole proprietorship are also the debts of the owner.
- Partnership: An arrangement between two or more people to oversee business operations and share its profits and liabilities. Partnerships do not pay income tax because the tax responsibility passes through to the partners, who are not considered employees for tax purposes. Partners are personally held liable for any business debts of the partnership, which means that creditors or other claimants can go after the partners’ personal assets.
- Limited Liability Partnership: This arrangement limits partners’ personal liability so that, for example, if one partner is sued for malpractice, the assets of other partners are not at risk.
- Limited Partnership: A hybrid of general partnerships and limited liability partnerships. At least one partner must be a general partner, with full personal liability for the partnership’s debts and at least one other whose liability is limited to the amount invested. The general partners maintain operations of the firm and have full liability, whereas limited (silent) partners, who are often passive investors or otherwise not involved in day-to-day operations, enjoy limited liability.
- Corporation: A legal entity created by individuals, stockholders, or shareholders, with the purpose of operating for profit. Corporations are managed by a board directors and allowed to enter into contracts, sue and be sued, own assets, remit federal and state taxes, and borrow money from financial institutions.
The process of incorporation gives the business entity a distinct feature that protects its owners from being personally liable in the event of a lawsuit or legal claim. There are two main types of corporations:
- C Corporation: Owners receive profits and are taxed at the individual level, while the corporation itself is taxed as a business entity
- S Corporation: Consists of up to 100 shareholders and is not taxed separately. The profits and/or losses are carried by the shareholders on their personal income tax returns.
- Limited Liability Company: Allows you to take advantage of the benefits of both the corporation and partnership business structures. LLCs protect you from personal liability. Your personal assets such as your house, investment properties, bank accounts, and cars won’t be at risk if your LLC gets sued or faces bankruptcy.
The team of experienced Business Law attorneys at Keosian Law LLP have an in-depth understanding of legal issues involving businesses and how to protect them effectively. Contact us today at (877) 554-2226 to determine which type of business structure will best meet the needs of your operation.
Written contracts help make sure that the parties who are making a deal are on the same page. When disputes arise, courts often look at the written terms of a contract and the intent of the parties at the time they entered into a contract. The experienced Business law attorneys at Keosian Law LLP can help make sure your best interests are represented when your business enters into a contract. Call us today at (877) 554-2226.
Some people think they do not need to consult an attorney until there is a lawsuit. This is a very big misconception. Having an attorney assist with how your business is formed and operates can help you avoid many lawsuits and liabilities in the future. Keosian Law LLP proudly serves the residents, families, and businesses in California. We have an in-depth understanding of legal issues involving businesses and know how to protect them effectively. Call us today at (877) 554-2226 to review your business structure, insurance policies and contracts.