On behalf of Thaler Law posted in business formation on Wednesday, October 16, 2019. The initial stages of a California business are some of the most exciting, but they can also be some of the most complex and confusing. The decisions made during the business formation process will lay the groundwork for the future direction of the company, and it's important for an owner to choose wisely every step of the way. One of the smartest things an entrepreneur can do is to realize that he or she does not have to be an expert in everything in order to succeed. This is why it can be important to choose the right kind of help in the beginning. From choosing

On behalf of Thaler Law posted in business formation on Tuesday, September 3, 2019. Starting a business involves much more than just deciding on a good business idea and creating a Facebook page. The business formation stage involves much planning, financial preparation and legal steps that will impact a young California business for years to come. When a company is not able to secure the capital needed, there are choices that an owner can make that can prove beneficial for years to come. Starting a company without much cash to work with is exceptionally difficult. One way that an owner can make this process easier is to plan operations in a way that allows for overhead costs to remain low.

On behalf of Thaler Law posted in business formation on Monday, August 5, 2019. Starting a business in California is an exciting process, but it is also an expensive and legally complex endeavor. There are important decisions to make during this process that will impact the operations of a business for years to come. There are a few significant things that an owner would be wise to consider during the business formation stage that will help him or her avoid problems and lay the foundation for a strong future. Choosing a business entity is one of the most important choices that a business owner will make during this process. This is structure for the company that will affect things such

On behalf of Thaler Law posted in business formation on Wednesday, July 10, 2019. It's impossible to predict the future, but there are specific things that business owners can do that will protect their long-term interests. One of these things includes implementing certain plans and procedures during the business formation process that will go into effect in the event of their sudden death. California businesses can suffer greatly if their leadership passes away, and there are certain things an owner can do to ensure continued operations. An example of this happened recently to a small business in another state. The owner unexpectedly passed, and his family was left scrambling, trying to decide what to do with the company. One member

On behalf of Thaler Law on Wednesday, May 22, 2019. In a construction deal, there are often several different parties involved. From designers to owners and contractors to sub-contractors, there are plenty of cooks in the kitchen. Because of this, establishing liability for different parts of the project is a crucial part of a well-conceived contract. As a contractor, you should know what risks you should and shouldn’t be responsible for. This awareness and attention to detail can help you avoid disputes in the future. Allocating risk A contract for a potential project should properly assign risk to each party involved. The best way to do this is to allocate each risk to the party that will best be able

On behalf of Thaler Law posted in business formation on Wednesday, May 15, 2019. Starting a business can be an exciting step for California entrepreneurs, but it is not always the optimal choice for those looking to own their own business. In some cases, it is smarter to purchase an existing business than to navigate the business formation process. There are many benefits to taking this route, but a potential business owner will want to think carefully about the long-term implications of any choice regarding his or her business. One of the benefits of buying a business instead of starting one is that the buyer will obtain a proven business plan and be able to earn a profit faster. When

On behalf of Thaler Law on Friday, May 3, 2019. At this point, it’s clear your business needs to have an online component to succeed. Exactly what you do online will depend on your business, but you’ll almost certainly collect some forms of user data. That means you could be subject to the California Consumer Privacy Act (CCPA), so what do you need to know about it? For starters, you should know that the law is currently a major point of discussion among lawmakers. Ever since the law was passed, people have been volunteering their wish lists of changes. Some want exceptions. Others want tighter restrictions and more clearly drawn guidelines for enforcement. But while these arguments may lead to

On behalf of Thaler Law posted in business formation on Sunday, April 14, 2019. Starting a business is an exciting and sometimes overwhelming step for a California entrepreneur. There are many important decisions a person will have to make, and it's critical for a person to be cautious and careful to avoid missteps. Problems during the business formation period, even small ones, can lead to significant complications down the road. It is easier to start a business now than ever before. There are many resources available online, but this can also increase the likelihood of a mistake. It's beneficial to understand the legal ramifications of every choice made, including the type of business entity. Poorly formed partnerships or other types

On behalf of Thaler Law posted in business formation on Sunday, April 2, 2019. Starting a business is an exciting venture for a California entrepreneur, but there is much more involved with this process than just finding a storefront or launching a website. The business formation process involves many complex and important choices, including deciding on the type of structure a company will have. Before a founder makes any important decision that can affect the finances of his or her business, it is smart to know all of the options available. There are two main types of business structures available, including limited liability companies and corporations. The choice a business owner makes will affect taxes, personal liability for business debts

On behalf of Thaler Law posted in business formation on Wednesday, February 20, 2019. Starting a California business is an exciting time, but there are important financial and legal issues to consider before moving forward. The choices an entrepreneur makes in the initial stages of his or her company will have significant impact on various factors down the road, including taxes. During the business formation stage, it is prudent to think about how the choice of entity will determine taxes as well. The legal structure of a business determines how a business owner will be taxed and his or her personal financial liability for business-related taxes. As an example, a sole proprietorship is a common choice for a structure of