The following is a guest blog post by April E. Frisby of Newmeyer & Dillion in Newport Beach, California. Her practice includes securities, business transactions, corporate law, and estate planning. April provides advice on capital formation, business strategy, and legal matters to entities and business professionals.
A question I am often asked by clients and practitioners alike is: Should I form a corporation or a limited liability company (LLC)? The answer depends on several things, including investment considerations, tax issues, and management preferences.
The following is a guest blog post by Michael J. Thomas, a solo practitioner and founder of Creative Vision Legal, a Bay Area law firm offering legal services tailored to artists, musicians, and small business owners.
Finally, there’s been a case that substantively interprets California’s new LLC law, RULLCA. The case highlights a key remedial feature that distinguishes RULLCA from its predecessor, and clears up statutory ambiguities regarding the law’s effective date.
When starting your own law practice in California, one of your first decisions is what business form to use—should your practice be a sole proprietorship, a partnership, or a corporation? Don’t underestimate the importance of this choice!
Internet start-ups are exciting ventures that can achieve remarkable growth on a shoestring. But smart entrepreneurs realize the value of hiring attorneys to form a legal entity for their start-ups, whether the entity is a corporation, partnership, or limited liability company. If a start-up comes to you for help, would you know the key pre-formation questions to ask?