Incorporation

If you are thinking of forming a San Diego LLC or Corporation, we can help you make the right decision for your business by evaluating the many aspects that need to be considered in choosing a business structure.

Common business structures:

LLC - The Limited Liability Company (LLC) is a business structure that combines the personal liability protection of a corporation with the tax benefits and simplicity of a partnership. LLCs are more flexible and require less ongoing paperwork than corporations.

C-Corporation - A corporation is a legal entity that exists separately from its owners. A properly created corporation limits liability; personal assets of the owners are usually not available to repay the corporation's debt and obligations. Ownership of a corporation is easily transferable, but a corporation has some formalities that must be adhered to in order to maximize the benefits it can provide.

S-Corporation - A Subchapter S Corporation is a general corporation that has elected special tax status with the IRS after the corporation has been formed. Instead of being taxed at the corporate level, this is a "pass through" entity and income is reported on the individual tax returns of the shareholders. There are specific guidelines that must be met for qualification as an S-Corp.

These are not the only business structures available, but are popular structures formed in California. I can also provide advice on:

• Professional Corporations
• Partnerships
• Series LLCs
• Family Limited Partnerships
• Out-of-state entities

Call us today, your San Diego Business Planning Attorneys, and we can help you make the right decision for your new or existing business.