Areas Of Business Law With Which Our Firm Assists California Business Owner
The following article will cover:
- Areas of business law that a California firm can assist with.
- The ideal time to hire a business law attorney when starting a business.
- Factors to consider when choosing between an LLC and an S-corp, such as cash flow, income type, and daily operations.
What Areas of Business Law Can Your Firm Assist California Business Owners With?
Our firm is well-equipped to handle various matters for California business owners, thanks to our experience in serving as in-house counsel at several companies. Some of the key areas we assist with include:
- Employment and Human Resources: We frequently address urgent matters related to hiring, firing, discipline, and the intricacies of California employment law. As the regulations are constantly changing and often specific to the number of employees or industry, we help businesses navigate these complexities.
- Contracts: We assist clients in drafting and reviewing contracts for various purposes, such as charters, filming agreements, or large purchases. Our expertise helps ensure that our clients’ interests are well protected.
- Real Estate and Landlord-Tenant Issues: Our firm provides guidance on real estate questions, including eviction work and other landlord-tenant matters.
- Intellectual Property: We receive referrals from other law firms for our trademark portfolio work. We manage trademarks for numerous clients in the agricultural and prepared food industries, with some clients having portfolios of up to 50 trademarks.
When Is The Ideal Time To Hire A Business Law Attorney When Starting A Business?
Hiring an experienced business law attorney early in the planning process is crucial, ideally before you launch your business. While it may be tempting to use online services for setting up an LLC or a corporation, seeking expert legal advice can help you make the right decisions for your business structure.
Choosing between an LLC and an S-corp depends on factors such as cash flow, income type (active or passive), and daily operations. Making the wrong choice can result in significant tax implications. Consulting a business attorney can help you avoid such costly mistakes.
However, if you’re unsure about your business idea’s success, it’s understandable to delay legal consultation. In this case, make sure to consult an attorney once the business starts gaining momentum to ensure the right entity is chosen.
For example, while an LLC might seem appealing due to limited liability, it may not be the best choice for businesses with active income, such as retail stores or law firms. An S-corp might be a better fit for these businesses. For more information on Handling Legal Issues For Business Owners, an initial consultation is your next best step.