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What's the best form for my business in California?

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 will achieve founders' needs, but which one has the most advantages?

  • What are my choices if I am creating a business alone?

A sole proprietorship is perhaps the simplest and most common type of business. This is usually one person using his or her own name, or possibly a fictitious title that sounds like a company name, and not sharing the rights and responsibilities of ownership.

  • How can multiple owners get the right amount of rights in a new business?

The means by which a business is created, which may be a charter or articles of incorporation, will state how much of a share or percentage of ownership is conferred on different people or entities. This is often a good way of showing good faith after a loan or share purchase by another party.

  • How do people keep their own assets separate from business assets?

A limited-liability corporation (LLC) or partnership (LLP) will help create the foundations for accounts and property ownership under the name of a company. This also helps create indemnity, which protects people from the debts or problems of a company.

An attorney may help business creators answer questions about the forms of businesses. Legal representation may be helpful in various phases of creating and running a business.

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Lawrence R. Jensen & Associates
95 S. Market St.
Ste. 550
San Jose, CA 95113

Phone: 408-465-0293
Fax: 408-899-2403
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