Category: Business Formations

Play 12, “It’s Time to Break Up, LLC Edition Offensive Strategies.”

Welcome to another week’s Play from my Small Business Legal Playbook. I hope the tips are helpful to you and your business, as these Plays are specially designed to give you a little insight on the legal side of running a small business. Today’s Play, “It’s Time to Break Up, LLC Edition” involves something most […]

Pokala Law Business Formation Attorney San Diego

3 Biggest Misconceptions About Incorporating a Business

Incorporating your small business can have great benefits when it comes to everything from separating your business and personal assets to minimizing how much you personally owe in taxes. However, there are some serious misconceptions about what incorporating involves. Here are three myths about incorporating a small business in California. Myth #1: Incorporating Your Business […]

Pokala Law Business Formation Attorney San Diego

Business Formation Advice – Choosing a Business Type

If you are starting a new business, you have to make some basic decisions about how the company will be set up. For example, some small business owners just want to maintain a sole proprietorship in order to keep things simple. While this involves the least paperwork, it subjects your income to the self-employment tax, […]

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Small Business Legal Playbook|Play #11: “The Escape Strategy”

Welcome back to another week of the Small Business Legal Playbook! Play 11 is titled “The Escape Strategy.” No one likes to start thinking about leaving a business when they’re just starting one. We’ve spoken in weeks past, in previous Plays about several different topics. This week, we’ll discuss an issue with creating an exit […]

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Small Business Legal Playbook|Play #9: “The Dreaded Coin-Flip”

Welcome back to another week of the Small Business Legal Playbook! Play 9 is titled “The Dreaded Coin-Flip.” All fans in the NFL dread the coin-flip, especially in over-time. If your team calls the flip correctly, it can be the difference between winning and losing. We spoke last week about the unique issues family owned […]

California LLC Attorney

The nitty gritty specifics of how the new(ish) LLC law might affect your business!

Now that I have piqued your attention with my sky-is-falling attitude in my previous entry (link here) let’s get into the specific ways the new(ish) LLC law might affect your existing or new business. Oftentimes, clients come to me with an existing operating agreement that they found on the internet. Here’s a big problem with […]

California LLC Formations Attorney

How the “new” California LLC law may affect your existing LLC

On January 1, 2014, now more than two years ago, the California Revised Uniform Limited Liability Company Act (RULLCA) went into effect. It’s codified as new Title 2.6 of the California Corporations Code starting with Section 17701. Many existing businesses have been operating as Limited Liability companies for years, some even for decades, without looking […]