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Business Formation

Form Your Business The Right Way

No matter what size your business is, our attorneys can help you establish it legally and pave the way to a successful future. The business lawyers at Joshi Law Group in San Diego are passionate about helping our clients make the best decisions for their companies.

How Can You Structure Your Business?

While we’re able to help you decide one-on-one which structure is right for your enterprise, it can be helpful to know what options exist in California. We can work with you on a wide variety of small-business structures, including:

Sole Proprietorships

  • What: The easiest to set up, sole proprietorships require no filing fees to exist and may have a single owner.
  • The advantage: It’s easy, simple and cost-effective to set up.
  • The risk: The owner is personally responsible for any liabilities of the business, such as debt or court judgments regarding the business.

LLCs

  • What: A business entity owned by one person, an LLC offers some protection for the personal assets of the business owner.
  • The advantage: An LLC offers the proprietor some protection from personal liability.
  • The risk: The entity must be filed with the state and filing fees must be paid, making it generally more expensive than a sole proprietorship to set up.

General Partnerships

  • What: This is a business owned by two or more people and requires no filing fees to exist.
  • The advantage: Partnerships retain some taxation benefits because the profits are taxed to the individuals involved instead of to the business.
  • The risk: Like a sole proprietorship, each partner is liable for any debts, claims and court decisions made against the business.

LLPs

  • What: An LLP must be owned by two or more people, but it protects the personal assets of the business owners more than a general partnership.
  • The advantage: If investors and silent partners can maintain a nonmanagerial role, the LLP will offer liability protection for their personal assets.
  • The risk: There must be a managing partner in an LLP who assumes liability for the actions of the partnership, including debts if the business dissolves.

Start Building Your Company Today

Working with an experienced attorney offers the advantage of avoiding many potential future legal issues or expensive taxes because the incorrect entity was formed.

Give our attorneys a call today at 619-822-7566 or fill out our online form to get started.

Contact us for a free consultation
Business Bankruptcy
Personal Bankruptcy
Bankruptcy Litigation & Appeals
Representation For Creditors
Your Rights In Debt & Bankruptcy
Asset Planning & Protection
Business Law
Real Estate Law

Joshi Law Group

Sometimes, life happens

Based in San Diego, Joshi Law Group offers knowledgeable and experienced representation in numerous legal areas with a strong focus on bankruptcy law, business, real estate, personal injury, and litigation matters.

Services

Business Bankruptcy
Personal Bankruptcy
Bankruptcy Litigation & Appeals
Representation For Creditors
Your Rights In Debt & Bankruptcy Asset Planning & Protection
Business Law
Real Estate Law

Contact Us

3675 Ruffin Road Suite 220, San Diego, CA 92123 [email protected] Mon to Fri 9 AM to 5 PM
619-822-7566 866-963-0166
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  • Home
  • Practice Area
    • Business Bankruptcy
    • Personal Bankruptcy
    • Bankruptcy Litigation And Appeals
    • Representation For Creditors
    • Your Rights In Debt And Bankruptcy
    • Asset Planning & Protection
    • Business Law
    • Real Estate Law
  • About
  • Blogs
  • Contact Us
  • 619-822-7566
  • [email protected]
Contact Us