The managing partner of a business structured as a partnership takes on the responsibility for its day-to-day operations. He or she has decision-making authority whereas the other partners may provide operating and growth capital in exchange for the business’s...
As an aspiring entrepreneur or business owner, one of the first steps you face is deciding what form of business organization (also known as a business entity) to choose for your business. Each one has its own benefits. At the same time, they all have drawbacks, too....
Although you may anticipate certain business-related issues once your California start-up is running, you may not realize there are some challenging issues before you even open your physical or virtual doors. Your business structure can affect your growth options as...
Officials have announced that California will likely reopen on June 15, potentially fueling an entrepreneurial boom. A recent piece in Forbes delves into this possibility, noting the time we spent pent up during the pandemic may have provided an opportunity to foster...
Whether you are in the process of launching a small business or you simply want to review the feasibility of starting your own business, you need to focus on many facets of business formation. For example, consider the advantages of such a move and make sure you...
If you are in the commercial real estate business, you likely have a steady flow of income from every property you lease. Still, owning commercial real estate is not without risk. If a tenant or someone else sues you after an incident at one property, you do not want...
If you plan to open a business in California, one of your first steps will be choosing a business name. Unfortunately, this process is not as simple as brainstorming for the best title. Understanding the requirements for naming different types of business entity in...
People who want to create a business face a lot of choices very quickly. And the early choices often end up mattering the most because they determine all the options that businesses and their owners will face next. A lot of possible forms of companies and corporations...
The type of business entity that you choose to form in California could mean the difference between success and failure. We at Lawrence R. Jensen and Associates have put together a guide to help explain the pros and cons of a few of the most common types. There is no...
As a Californian business owner just starting your venture, you have to ask yourself what sort of business formation suits you best. Consider your purpose, size, and intention in order to make your decision. Today, we will take a look at Limited Liability...