We, have an attorneys that can review your documents prior to the purchase of a Business, Obtain necessary Business Permits, and Advise you on the most favorable way to do Business.
We have attorney can obtain the necessary permits that you will need to start you new business. These permits and Document include, but are not limited to :
- Obtaining your Federal Tax Identification Number
- Obtaining your Board of Equalization Number, for State Sales Taxes
- Obtain your Employment Development Number (EDD)
- Filing and Publishing your Fictitious Business Name Statement
In today Society it is dangerous to do Business as a Individual or Partnership, because if a Liability is not covered by Insurances (i.e. sexual harassment, wrongful termination) or your Business fails then:
Your creditors can come after you and your personal assets (House, Car, Bank Accounts, and other personal Asset). Moreover, after, you are sued personally, under the current Bankruptcy Law, you may have difficulty being discharged;
If a Claim is not covered under the Insurance Policy, or a Covered Claim exceeds the Policy Limits, they you may be held personally liable, and your personal asset are exposed.
A Limited Liability Company (LLC), or a Corporation, Can protect you personal assets, if a Claim is not covered under the Insurance Policy, or a Covered Claim exceeds the Policy Limits, they you may be held personally liable, and your personal asset are exposed. Moreover, if the business does not succeed, then the Corporation or LLC files for Bankruptcy, and it does not effect your personal credit.