Business Formation

Deciding which type of business entity will work best for his or her business is one of the most important decisions a business person will make. Because there are so many issues to consider when making this decision, it is a good idea to work with a seasoned business attorney. We can help you evaluate and weigh the long-term risks and benefits of each option.

Helping Clients In San Diego

The lawyers at Branfman Mayfield Bustarde Reichenthal, LLP have more than 20 years of business experience in addition to our legal experience. That means we know how to put together solutions for your business that work in the real world. To speak with one of our attorneys, please contact our Solana Beach office at 858.793.8090.

LLC, LLP and Partnerships: Assisting With Business Formation

We begin each business formation discussion by asking our clients what their goals are and what they want to accomplish. With this in mind, we can determine what will work best for your company. We also take a long-term view of each situation, looking ahead to what may help your business grow in the future.

After learning about your business goals, we will discuss the risks, benefits and liabilities of the various business entities, including:

Corporations
Limited liability companies (LLC)
Subchapter S corporations
Professional corporations
Sole proprietorships
General partnerships
Limited partnerships
Limited liability partnerships (LLP)

Important Points for Privately Held Companies

Privately held companies must set up ownership in a manner that provides for an orderly transition of business if one of the principals leaves or dies. We can draft buy-sell agreements that will accomplish this for your company and prevent interrupting business in the future. We also often recommend that privately held companies have key-person insurance to cover potential losses.