Those who want to start a business in California will need to consider how to structure their companies. A company is deemed to be a sole proprietorship unless its owner files paperwork to make it a partnership or corporation. Sole proprietors can be held personally liable for any damages that their organizations cause. While they retain total control over their companies, sole proprietors may struggle to raise funds, and it may not be possible to sell shares of stock.
Potential liability is a consideration in business formation
Entrepreneurship is alive and well in California with many new businesses cropping up every day. Some are large, well-planned and well-funded operations that are years in the making; some are one-person gigs that open for business on a shoestring. One thing these and all businesses have in common, whether the owners realize it or not, is that the type of business formation the enterprise operates as will have a major impact on its future. There are four major types of business entities: sole proprietorships, partnerships, limited liability companies and corporations.
What licenses do you need to start a food truck?
If you are a California entrepreneur interested in starting a restaurant, you may want to consider operating a food truck. This alternative to a traditional restaurant offers a variety of unique benefits, including traveling to different locations and perfecting a small menu of excellent dishes. Starting a food truck business in California requires you to get several permits and licenses.
What do you need to start a restaurant in California?
If you want to open a restaurant in California, there are many decisions and steps you need to take to ensure you do things properly. Besides the typical things you need for any business, starting a restaurant requires a number of additional licenses before you can open the doors and begin operating.
