As with most business decisions, the decision regarding which legal entity is best suited for your San Diego business depends on a variety of important factors. Most San Diego business owners interested in the benefits of a formal business organization without the burden of the double taxation that accompanies the…
One of the first decisions new San Diego business owners make is whether or not to incorporate or form some other formal business entity. The decision often seems daunting and turning to a San Diego Business Lawyer and tax professional are important first steps. If the business owner opts for…
Most people are generally familiar with the concept of double taxation. Corporate attorneys and accountants regularly raise the issue when asked by entrepreneurs about choosing the right business entity for a new company (or for an existing company looking to grow and insulate its owners from personal liability). Moreover, double…
Ownership of investment property in San Diego can be a rewarding venture. However, as with all investments, a return is never guaranteed. It’s important to evaluate the property’s value up front factoring in: the property’s relative worth compared to alternatives; the market value of rental income in the geographic area…
Continued from “Choosing the Right Business Entity for Your New Business“. Now that you have a business plan and the capital to get started, the next step is to secure necessary raw materials, wholesale goods, manufacturing equipment, vendors, licensing, contracts and other necessary procurements all of which will be unique…
A California Close Corporation is a corporation designed to give its shareholders more control over the operation of their business. Instead of sitting back and letting others run the company, the owners of a Close Corporation typically act as the company’s managers. By complying with specific statutory requirements, Close Corporations…
Continued from How to Fund Your New San Diego Business. Choosing the right business entity for your new San Diego venture is a critical step that should be made early in the process. It’s important to diligently examine the pros and cons of each choice before deciding on what business…
Continued from Be Prepared Before Undertaking a New Business Venture. Marshalling the resources necessary to fund a new San Diego business can be intimidating. In fact, it’s probably the biggest reason many decide against a new venture. How in the world will I come up with the capital necessary to:…
Continued from Starting Your Own Business – Be Willing to Commit. Before starting up a new business, it’s important to have a plan. This may seem obvious, but all too often young entrepreneurs incorrectly believe that the idea itself is good enough. They are hungry for success and anxious to…
Starting your own San Diego business is as scary as it is rewarding. It requires an entrepreneurial spirit, common sense, commitment, organization and resources. This series looks generally at the process in order to focus the young San Diego entrepreneur on the task at hand beginning with the opening move. …