
Business Formation
The attorneys at Direct Legal, PC. have extensive experience advising entrepreneurs, business owners, and professionals on the best business entity for their business or practice.
The attorneys at Direct Legal, PC. have extensive experience advising entrepreneurs, business owners, and professionals on the best business entity for their business or practice.
We regularly advise individuals and business partners in determining the best entity structure for a business and in ensuring that the business entity is properly set up and maintained. Direct Legal, PC provides legal counsel to small, mid-size, and large businesses throughout California, including corporations, partnerships, limited liability companies (LLCs), limited liability partnerships (LLPs), and other business entities. Recognizing that the best way to protect our clients’ legal rights is often through proactive business planning, we offer cost-effective solutions for your business, from start-up to dissolution and everything in between.
A properly formed and maintained business entity can provide a business owner with personal liability protection from the debts and obligations of the business. A business entity is particularly beneficial for business partners. The Operating Agreement in a LLC, or the Shareholders’ Agreement in a Corporation, sets forth the expectations and understandings for the partnership.
Certain “buy-sell” agreements are also contained in these documents, including agreements as to what happens to the business if one or more of the partner retires, dies, divorces or otherwise leaves the partnership. Certain professional service providers are limited as to what type of business entity they can use to render professional services and are governed by a regulatory agency that specifies what type of business entity the agency will issue a license to and the requirements for doing so. A properly formed and maintained business entity, such as a professional corporation, can provide the professional with personal liability protection as well.
Our attorneys provide legal advice and counsel for the formation of you new business ventures. The attorneys at Direct Legal, PC can help you determine the right entity choice for your business. Under each type of organization, we will carefully custom write your Operating Agreement (for LLCs) or Corporate Bylaws if you decide to incorporate. Additionally, we will assist you every step of the way on the formalities under each type of business, legal requirements, and benefits of each.
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800 West 6th Street
Suite 320
Los Angeles, California 90017