Corporate Law Attorney in Los Angeles, CA
Law Advocate Group understands that owning your own business is extremely rewarding but rife with constant challenges. We assist our most valued clients in the formation of their corporation and all the necessary steps to safeguard the business once it’s incorporated. Law Advocate Group of Los Angeles provides valuable legal counsel at every major transition, from choosing the right type of entity when forming the company to managing daily operations and targeting a long-term strategy for success and the sale of business.
The word “corporation” is usually associated with huge multinational organizations. It has almost become a bad word to the average citizen But many small businesses understand the value of incorporating their business. The legal benefits are many-fold.
The benefits of forming a corporation or Limited Liability Company (LLC) include:
- Personal Asset Protection.
Forming either a corporation or an LLC allows you, the business owner, to separate and protect your personal assets from the company’s assets. If your business is sued, your personal assets are off limits! This is one of the most attractive features of a setting up your corporation or LLC.
- Tax Benefits.
There are several tax advantages of incorporating your small business. While profit and loss typically “pass-through” an LLC and are reported on the personal income tax returns of owners, an LLC can also elect to be taxed as a corporation. In addition, a corporation can avoid double taxation of corporate profits and dividends by electing Subchapter S tax status.
Let’s face it, the average client will be far more impressed by an Inc, or LLC at the end of your company name. A sole proprietorship just can’t compare. Clients don’t respect DBAs nearly as much as a properly formed corporation. Show up right or don’t show up at all. A corporation will give you instant credibility and authority in your field. Don’t lose potential customers to your more organized competitors. Contact Law Advocate Group today for a full briefing and consultation.
- Brand protection.
Your brand is everything. Competitors are less likely to encroach on your copyrights and trademarks with an established LLC or corporation.
- Easy Business Sale.
Corporations & LLCs can easily continue through ownership changes within your business. If you’re selling the business, the paperwork and hassle involved is much less than when you’re selling a sole proprietorship. In the case of a sole proprietorship or partnership, the business in a sense ends if the owners dies or leaves the business. Forming a corporation ensures that your business legacy is preserved. Also, your clients and employees will be largely unaffected by the transition.
- More Deductible Expenses.
Corporations and LLCs may deduct additional business expenses, such as salaries, before you’re ever paid as the owner. This means that the investments you make towards growing your business can be deducted from your business income in determining your actual taxable income.
The decision to incorporate is one of the most important decisions you will ever make. Contact Law Advocate Group today.
Law Advocate Group, LLP is a Beverly Hills business law firm in Los Angeles that provides a full range of legal services to clients throughout the region. We offer high quality legal solutions that reflect the particular needs of each individual client. Read More…