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CORPORATE AND LLC FORMATIONS

Whether you are a first time entrepreneur or a seasoned business owner, deciding whether to incorporate and what type of entity to form is a critical step which should require a consultation with an attorney. The first question should be whether or not you need to incorporate; or alternatively, should you form a different type of entity other than a corporation? There are many advantages and benefits for a sole business owner to form an entity. So which type of entity is best for your business?

There are several different types of corporate entities, each having its own unique benefits and requirements. Unlike sole proprietorships, corporations must be filed with the Secretary of the State.  Below are the most typical types of corporations.

Business Law
  1. C-Corporation (General for Profit)
  2. S-Corporation
  3. Limited Liability Company ("LLC")
  4. Limited Liability Partnership ("LLP")
  5. Professional Corporation ("PC")

We have formed hundreds of LLCs and corporations for clothing design companies, entertainment production companies, real estate LLC's, LLC protection for actors, technology companies, restaurants, and for many additional industries and purposes.

Knowing which entity is right for you will depend on your business and desired tax status.  We provide consultations regarding the best entity given your needs.  For differences between LLC's and S-corporation, see the following article.

Why Should I Incorporate and What Are the Benefits?

Tax Advantages: 

As taxpayers, we are all aware of how expensive our yearly tax requirements can be. One of the greatest advantages the US government has provided is the opportunity for tax deductions related to the corporation.  For example, unlike partnerships or sole proprietorships, health, life, and disability insurance are deductible by the corporation.  If properly structured, other expenses include automobile insurance, education benefits, travel and entertainment expenses may be deducted as well.  These expenses are subject to strict limitations for sole proprietors (if deductible at all). You may also eliminate self-employment taxes and lower social security tax and Medicare tax payments are well.

Protection from Personal Liability
Another significant reason for incorporating is to maximize protection from personal liability. The shareholders of a corporation are generally not liable for the obligations of the corporation. For example, creditors of a corporation may seek payment from the assets of a corporation, but not the assets of the shareholders. Therefore, business owners may engage in business without risking their homes or other personal property.

 Our LLC or Corporate formations include:

  • Legal consultation with Mr. Cohen;
  • Filing Articles of Incorporation or Organization;
  • Drafting and customization of Bylaws, Minutes, or Operating Agreements;
  • Filing and pay for Statement of Information for first year;
  • Filing of Statement Address Verification;
  • Filing with the IRS your Federal Tax Identification Number;
  • S Election filing with IRS if requested;
  • Corporate kit with seal and stock/membership certificates;
  • Michael N. Cohen as Agent of Service of Process for first year; and
  • Memo regarding upkeep and care of the corporation or LLC.

Corporate Transactions

Our firm also provides the following corporate services:

  • Venture Fund and Angel Financings
  • Asset Sales and Purchases
  • Shareholder, Stock and Equity agreements 
  • Strategic and IP Alliances
  • Mergers & Acquisitions 
  • Labor contracts 
  • Employment contracts
  • Executive Compensation
  • Corporate Partnering
  • Buy-Sell Agreement
  • Contract review and negotiation
  • Non-disclousre (NDA), and confidentiality agreements
  • Licensing Agreements
  • Sale of Business
  • Purchase of Business
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Office Locations  
Wilshire Office Main Office:
9025 Wilshire Blvd., Suite 301
Beverly Hills, California 90211
Phone (310) 288-4500
 

Trademark White line Satellite Offices
5455 Wilshire Blvd. #2100
Los Angeles, California 90036
Phone: (213) 254-2003

Orange County
7545 Irvine Center Drive Suite 200
Irvine, California 92618
(949) 379-8644

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We represent clients in the following cities and states: Beverly Hills, Los Angeles, Van Nuys, Studio City, Burbank, Encino, Tarzana, Woodland Hills, Reseda, Universal City, North Hollywood, Sylmar, West Hollywood, Anaheim, Orange County, Marina Del Rey, Venice, Santa Monica, Malibu, Culver City, Manhattan Beach, Hermosa Beach, Redondo Beach, Torrance, Pacific Palisades, Bakersfield, Glendale, Long Beach, Newport Beach, Orange, Pasadena, Riverside, San Bernardino, Irvine, Costa Mesa, San Diego, Irvine, Fullerton, San Francisco, Sacramento, Santa Ana, Los Angeles County and Santa Barbara, UAE, Dubai, Amsterdam, Israel, Australia, Mexico; and Southern California CA, New York NY, Florida Fl, Texas TX, Arizona AZ, Nevada NV. Cohen IP Law Group, P.C.: patent attorney los angeles, patent lawyer Los Angeles, trademark attorney los angeles, trademark attorney los angeles, trademark attorney beverly hills, intellectual property lawyer, domain name attorney los angeles, TTAB, lawyer reviews, IP attorney reviews, california intellectual property litigation lawyers, trademark application, trademark search, trademark litigation lawyer, trademark litigation attorney, patent application, patent prosecution law firm, San Diego patent litigation, Los Angeles CA trademark registration lawyer, trade secret attorney, licensing agreements, copyright lawyer los angeles, copryight attorney, IP attorney los angeles, trademark infringment, apparel clothing law, clothing line, international patent application, domain name disputes, office action, escrow attorney, domain name escrow, provisional patent application, business formation los angeles