Riverside Business Formation Attorney

Riverside Business Formation Lawyer

The process of starting a new business is exciting for the owners, but it can also prove to be stressful. Success is the overall goal of every new business that is formed, but successfully navigating the legal processes required to start a business can be difficult. There are many steps that must be completed and many factors to consider when starting a business.

The legal processes and paperwork required to start a business are often determined by what type of business is being formed. There may also be a need for a reassessment or a search for additional funding before the business is officially launched. A Riverside business attorney can walk with you throughout the entire process to ensure you have everything completed correctly. The experts at Blake & Ayaz have over 60 years of combined experience, so they can guide you through starting a new business successfully.

FIVE KEY STEPS OF BUSINESS FORMATION

When you are in the process of forming a new business in California, it is important to have all of the details squared away as early as possible. This will help you to avoid any unnecessary delays and get your business started on a strong note. There are five things you should have ready before you officially form your business.

1. A Business Plan. This is a written document that details how the day-to-day operations of your business will work and what your final goal is.
2. Your Ideal Location. Once you have a business plan in place, it is important to find a location that works for your business and your potential customers.
3. Your Business Entity Type. This is important to help you know what paperwork, licenses, and other processes you must complete. Your business plan will help you decide this.
4. File All Necessary Tax Documents. Keeping all legal and tax information as current and accurate as possible is important to creating and running a successful business.
5. Complete Permits and Licenses. Depending on your business entity type and what services you offer, there may be certain licenses and permits required. It is essential to have these completed prior to officially launching your business.

One of the major steps in creating your business is knowing what type of entity you are creating. The state of California generally recognizes six entity types.

RECOGNIZED ENTITY TYPES IN CALIFORNIA

The recognized entities in California are:

• Corporation
• Limited Liability Company
• Limited Liability Partnership
• General Partnership
• Limited Partnership
• Sole Proprietorship

Each type of entity requires certain paperwork, permits, and licenses to keep it running. These requirements are put in place to protect business owners. If your business has all of the necessary licenses, permits, and files completed, then you can avoid legal issues down the line. One important aspect of the business that should be handled is the rights to intellectual property.

THE BASICS OF INTELLECTUAL PROPERTY

Any asset that was created entirely from the mind of an individual is considered intellectual property. These assets are often artistic rather than physical, though that is not always the case. Company processes, software, designs, and newly created systems are all considered intellectual property. When you create something new, you want to ensure that no one else is able to profit from your work. Establishing a copyright, trademark, patent, or other protection can help guard your intellectual property.

HOW A RIVERSIDE BUSINESS ATTORNEY CAN HELP

The legal processes required to start a new business can be confusing and often require significant time and attention. An expert Riverside business attorney can help make the process easier to manage. They will guide you from start to finish to help ensure that all of the necessary documentation is filed and your business starts strong.

Business Attorneys FAQS

Q: Do You Have to Work with an Attorney When Creating a New Business?

A: Working with an attorney is not required when you are starting a new business. You can file any necessary paperwork and complete all required legal processes with no legal aid. That is not recommended, however, because navigating the legal arena without assistance can be time-consuming and confusing. An experienced business attorney will be able to guide you through the entire process to ensure that your business begins on the right foot.

Q: How Much Does a Riverside Business Attorney Cost?

A: There is no set cost for a business attorney in Riverside, CA. There are many factors that could impact what may be paid for a business attorney’s services. The attorney’s education level, years of experience, and areas of specialized practice will all likely contribute to what each attorney charges. Also, the type of fee that is charged can make the cost higher or lower. Some attorneys choose to charge by the hour, which can be costly, while others simply charge a flat fee. Regardless, you can expect to spend several thousand dollars for an experienced business attorney.

Q: Why Does Intellectual Property Matter When Forming a Business?

A: Intellectual property is an important aspect of forming a new business, particularly if you have created a brand-new product or process. You want to ensure that your intellectual property is protected so that no one else is able to use your ideas to make a profit. An expert business attorney will be able to help you get the proper legal protection to ensure that you, and no one else, receive the profits you deserve.

Q: What Do You Need to Create a New Business?

A: There are several key factors that you need to consider when creating a new business. It is important to be as prepared as possible, so there are no unexpected delays in your business formation. Five primary things to consider when forming your business are a business plan, a location, the entity type for your business, all necessary documentation, and any permits and licenses you need. If all of these things are completed, then forming your business will be much simpler.

The prospect of starting a new business is exciting but also daunting. It is important that you have all of the necessary details squared away before officially beginning the process to avoid any tiresome delays. An experienced business attorney can help make the process easier. Contact the experienced team at Blake & Ayaz for all of your business formation needs.