Incorporation Lawyer Orange CA
Creating and running a company takes a lot of work, and fortunately you can contact an incorporation lawyer in Orange, California to make your life a little bit easier. An incorporation lawyer can help you take the first steps towards making your company official, and the right lawyer can help you steer clear of any unnecessary legal pitfalls on the way.
But why exactly should you incorporate, and what are the requirements? Read on to learn a little bit more about incorporating your business, and how an incorporation lawyer from Holborn Law can help.
If you’re running a company, it’s important to keep your business assets and your personal assets completely separate. Look at it this way: If you’re running a business without that important barrier between your personal finances and your business finances, you’re actually putting your own finances at risk. If someone decides they want to sue you, they can sue for your own bank account.
On the other hand, if you’ve incorporated your business, you’re protecting your personal wealth while keeping your work and your personal life separate. If someone decides to sue your business, they’d only be able to get the assets that are in your business’ account, and nothing out of your own pocket.
Aside from asset protection, incorporating your business means a much easier process when it comes to transferring it to new ownership. It may seem far off in the future, but if you decide to sell your business and your business isn’t incorporated, you and the buyer may be in for a complicated legal headache. Contacting an incorporation lawyer in Orange, CA can make transferring your business much simpler.
What are the Requirements?
If incorporation sounds right for you, Holborn Law can help get you started. Like most other aspects of running a business, incorporation isn’t simple, and there are several requirements that you’ll have to satisfy to make sure everything’s legitimate. These requirements vary from state to state, because every corporation needs to file for incorporation with the secretary of state of the state in which they operate.
When you decide to incorporate, you have to decide what incorporation definition you’ll attach to your company name. Do you want “Incorporated”? Or “Company”? Maybe you’re thinking of using “Corporation” or an abbreviation of one of these terms. You’ll have to contact your incorporation lawyer to learn the pros and cons of each of these tags, and you’ll have to think long and hard about what you’ll want to have permanently connected to your company name.
When you file for incorporation with the secretary of state, you’ll also have to provide information regarding the board of directors. If your company’s not that big, you can have a board of directors of just one person: Yourself. However, in a bigger company, you’ll have to provide their information. While on the subject or providing information, you’ll also need to provide records of your stock and information on your board of directors, and you’ll need to file an annual report to the secretary of state detailing any changes in officers, directors, and locations.
Contact Holborn Law Today
Incorporating your business seems like a hassle, and in many cases it is. But it’s an important step towards keeping your business afloat and keeping your assets safe from any prying eyes or greedy lawsuits. Fortunately, an incorporation lawyer in Orange, CA can help you navigate through the challenges of incorporation: Don’t hesitate to contact Holborn Law today.