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Entity Formation & Structure

Best State for Incorporating Your Business
Apr 25 2025
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Best State for Incorporating Your Business

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If you are looking to incorporate your business, then an important question needs to be answered – which state do you want to incorporate in? For many years, Delaware was the go-to state for businesses looking to incorporate in the United States. For example, 80% of all US IPOS were incorporated in Delaware and 68% of all Fortune 500 companies are incorporated in Delaware. Why? Because Delaware features business-friendly laws, has a solid legal system,…
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Pros and Cons of Doing a Series LLC in Delaware (1) - Hakim Law GroupPros and Cons of Doing a Series LLC in Delaware (1) - Hakim Law Group
Sep 24 2024
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Pros and Cons of Doing a Series LLC in Delaware

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If you are considering establishing a limited liability company (LLC) in Delaware, but are looking for enhanced legal protections, it may be worthwhile to consider doing a Series LLC in Delaware.  A Series LLC is a unique structure that allows for the creation of multiple “series” within one LLC, each with its own assets, liabilities, and operations.  Under Delaware law, an LLC is allowed to be composed of an individual series of membership interests.  In…
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Business lawyers in los angeles
Aug 16 2023
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Business Formation: Determining the Right Business Entity with the Expertise of a Los Angeles Business Lawyer

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The choice of business entity is one of the most crucial steps when an entrepreneur decides to turn an innovative idea into a reality. Selecting the proper entity can have a significant impact on the business's legal structure, overall operations, taxation, and liability, especially for the founders. An experienced business lawyer in Los Angeles understands the many types of business entities to help an entrepreneur make an informed decision. Sole Proprietorships A sole proprietorship is…
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Business attorney los angeles
May 17 2023
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Tax Classifications for Different Business Entities

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When a corporation is formed in California, it will be deemed a C-Corporation by default. The terms “C-Corp” and “S-Corp” refer to tax classifications for different business entities. If a business wants to become an S-Corporation, Form 2553 will need to be completed and filed with the Internal Revenue Service. S-Corps and C-Corps have a few different key differences between them – one of them is how they are taxed. For instance, if your business…
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Best business attorney losangeles
Feb 21 2023
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How to Add a Member to Your LLC

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If you own a limited liability company in California and are considering adding a new member, there are multiple factors that need to be considered. Adding a new member to an existing LLC is more complicated than it may seem at first glance. It is also important to be aware of the potential benefits, drawbacks, and pitfalls that may arise from the addition. With the arrival of a new member, you are adding an unknown…
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Top Business Lawyer Los Angeles
Jan 27 2023
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Prerequisites for Opening a Bank Account for an LLC

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One of the benefits associated with establishing a limited liability company (LLC) is the ability to open an independent bank account designated for the LLC as a standalone legal entity. Opening a bank account for your LLC is also a good business practice since it reduces the risk of coming ling business funds with personal funds. Below are some preliminary considerations and prerequisites that need to be met in order to open a bank account…
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Business attorney in Los Angeles
Nov 21 2022
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Business Entity Options in California

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Do you have a business in California that you are ready to take to the next level? Have you found yourself asking what the difference is between an LLC and a Corporation and which entity structure could be best for your business? Did you even know there were options? To begin answering these important questions, it is critical that you first take a step back and review the main entityoptions in California (there may be…
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Business Lawyer in Los Angeles
May 13 2022
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Should you Form an LLC in the Current Economic Climate?

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With the current competitive economic climate, it is pertinent that all businesses are operating under the best legal structure for their purposes. Forming a limited liability company may be the best idea for your business. After all, a limited liability company, or LLC, is a specific business entity that blends the best parts of both partnership and corporate structures. There are actually several reasons to select an LLC as your business’s structure. However, it should…
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Business Attorney in Los Angeles
May 06 2022
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Launching A Business in California – What You Need to Know

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There are many stringent and complicated requirements to opening a business in California. Unfortunately, many of these prerequisites include completing and filing multiple legal documents that you may not always be familiar with. Hence, it is always best to confer with a professional before taking action. Depending on your business’s legal structure, you may need to file “Articles of Incorporation”for a corporation, “Articles of Organization” for a limited liability company, or a “Certificate of Limited…
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