Top business formation attorney in Orange County, CA. Located in Fashion Island, Newport Beach

Receive Expert Legal Insight on Business Law, Contract Disputes, Corporate Formations, Partnership disputes, and other sensitive issues on ownership succession.

Be sure to schedule an appointment today.

We aggressively defend and pursue our clients’ interests!

 

Serving California Residents: Newport Beach, Huntington Beach, Irvine, Laguna Beach, Costa Mesa, Mission Viejo, Fountain Valley, San Juan Capistrano, Dana Point, Laguna Niguel, Yorba Linda, San Clemente, Laguna Hills, Coto De Caza, Tustin, Seal Beach, Westminster, Garden Grove, Santa Ana, Anaheim, and surrounding cities.

Trust Litigation Attorney

Business and Corporate Formation

Types of business entities
Documents and Procedures

Achieve legal insight with Hess-Verdon business attorneys with a pragmatic approach to corporate formations.

• Limited Liability Company (LLC)
 Limited Liability Partnership (LLP)
• S-corp, and other formations

Can a Trustee be a beneficiary of a Trust

Business Compliance and Maintenance

Avoid Succession Challenges
Intentional Interference

Keep up-to-date with all business legal aspects. Stay compliant and protect your legal rights.

• Annual Meeting Minutes
• Bylaws
• Operating Agreements

Can a Trustee be a beneficiary of a Trust

Business Compliance and Maintenance

Setting up a foundation
Filing and Registration

We provide a series of logistical and financial decisions about who will take over your business upon retirement, death, or disability.

• Setting up for retirement
• Advanced estate planning
• Sale of business
 

Hess-Verdon & Associates

Top Business Formation Attorney in Orange County

California entity formations: Business corporate formations, Business compliance, and maintenance, Business succession planning

BUSINESS FORMATION ATTORNEY NEAR ME –
HESS-VERDON PLC

Here at Hess-Verdon & Associates PLC, we have assisted thousands of families throughout our tenure to assist in business formation while implementing a personal strategy throughout their personal and business life, including trust and estate planning, business formations, and real estate law.  

In today’s litigious society, it’s essential to have an expert attorney law firm protecting your legal rights.  Business litigation is one of the most common types of litigation!

Feel free to call a Hess-Verdon business attorney at 1-800-314- 4430. We invite you to schedule a free no-obligation consultation to discuss your business needs.

Now let’s go over some basics.

TYPES OF BUSINESS LEGAL STRUCTURES

Due to the apparent ease of setting up an LLC, many business owners simply set and forget. The big issue, however, is the inherent problems at the crossroads of the business. Situations like the death of an owner, divorce, accidents, “immediately” bring your corporate documents into the fray, for example, your articles of incorporations and bylaws.  

Are your corporate documents designed to stand the rigor of an attack from the opposing party? Are your documents built around a strategy or merely a tactical approach leaving you with gaping holes for litigation? 

Key takeaway: Attain wise counsel. Interview 2-3 trust and estate planners with in-depth business law and real estate background.  

Basic Overview of each legal structure: 

Limited liability company (LLC)

  1. Owned: Members
  2. Combines limited liability of a corporation with tax efficiency (no double taxation)
  3. Offers operational flexibility
  4. More tax and accounting complexity
  5. Unattractive for outside investors

Limited liability Partnership (LLP)

A variation of the general partnership

S-Corporation

Owned: Shareholders

  1. Special tax status with the IRS
  2. Pass-through taxation (no tax at the corp level).
  3. Tax when profits are distributed to shareholders.
  4. Limitations on the number of shareholders and stock classes

C-Corp

  1. The corporation is taxed on its net income
  2. Taxed when shareholders’ profits are distributed.
  3. Owned: Shareholders
  4. Legal entity separating owners (the shareholders) from the corporation.
  5. Shareholders are not personally liable for any corporate debts or liabilities.
  6. C-corps are subject to “double taxation,” 
  7. Best used when raising outside investment capital or taking the company public.

Sole Proprietorship

  1. Owned: One owner (a husband and wife)

General Partnership

  1. Owned: Agreement between 2 or more parties

Limited liability Partnership (LLP)

  1. Owned: Used be specific professional practices
    1. Engineers
    2. Architects
    3. Lawyers
    4. Accountants
    5. Land Surveyors
    6. Physicians

Family limited partnerships (FLP)

Public Limited Partnership (PLC)

Limited Partnership (LP)

  1. Owned: General and Limited Partners

Quick link to California Business Portal

When choosing a business legal structure, it is “crucial” to understand that keeping your minutes and other operating documents up-to-date will keep you out of legal hot-water should a divorce, an accident, or any unforeseen situation occur. The Hess-Verdon strategy highly recommends business owners to come in bi-annually or yearly to do a company state of affairs (meeting minutes).

Now, you may say, “it’s only meeting minutes; I can make them up when I need to.” Well, that philosophy is untrue and fraught with disaster. Up-to-date meeting minutes protects your business entity! The company corporate veil can be pierced should unforeseen situations arise.

The primary reason to choose a legal structure is to protect you personally!

TYPES OF BUSINESS LEGAL STRUCTURES

Due to the apparent ease of setting up an LLC, many business owners simply set and forget. The big issue, however, is the inherent problems at the crossroads of the business. Situations like the death of an owner, divorce, accidents, “immediately” bring your corporate documents into the fray, for example, your articles of incorporations and bylaws.  

Are your corporate documents designed to stand the rigor of an attack from the opposing party? Are your documents built around a strategy or merely a tactical approach leaving you with gaping holes for litigation? 

Key takeaway: Attain wise counsel. Interview 2-3 trust and estate planners with in-depth business law and real estate background.  

Basic Overview of each legal structure: 

Limited liability company (LLC)

  1. Owned: Members
  2. Combines limited liability of a corporation with tax efficiency (no double taxation)
  3. Offers operational flexibility
  4. More tax and accounting complexity
  5. Unattractive for outside investors

Limited liability Partnership (LLP)

A variation of the general partnership

S-Corporation

Owned: Shareholders

  1. Special tax status with the IRS
  2. Pass-through taxation (no tax at the corp level).
  3. Tax when profits are distributed to shareholders.
  4. Limitations on the number of shareholders and stock classes

C-Corp

  1. The corporation is taxed on its net income
  2. Taxed when shareholders’ profits are distributed.
  3. Owned: Shareholders
  4. Legal entity separating owners (the shareholders) from the corporation.
  5. Shareholders are not personally liable for any corporate debts or liabilities.
  6. C-corps are subject to “double taxation,” 
  7. Best used when raising outside investment capital or taking the company public.

Sole Proprietorship

  1. Owned: One owner (a husband and wife)

General Partnership

  1. Owned: Agreement between 2 or more parties

Limited liability Partnership (LLP)

  1. Owned: Used be specific professional practices
    1. Engineers
    2. Architects
    3. Lawyers
    4. Accountants
    5. Land Surveyors
    6. Physicians

Family limited partnerships (FLP)

Public Limited Partnership (PLC)

Limited Partnership (LP)

  1. Owned: General and Limited Partners

Quick link to California Business Portal

When choosing a business legal structure, it is “crucial” to understand that keeping your minutes and other operating documents up-to-date will keep you out of legal hot-water should a divorce, an accident, or any unforeseen situation occur. The Hess-Verdon strategy highly recommends business owners to come in bi-annually or yearly to do a company state of affairs (meeting minutes).

Now, you may say, “it’s only meeting minutes; I can make them up when I need to.” Well, that philosophy is untrue and fraught with disaster. Up-to-date meeting minutes protects your business entity! The company corporate veil can be pierced should unforeseen situations arise.

The primary reason to choose a legal structure is to protect you personally!

TOPICS TO CONSIDER IN CORPORATE FORMATION
  1. Taxation
    1. Passed through to the group of shareholders: i.e., profits are subject to only one level of taxation at the shareholder level.
    2. Business profits taxed at the business level and again at the shareholder level.
  2. Business profits
  • Personal liability and financing
  1. Keeping books bylaws up-to-date mitigates exposure. Lack of Bi-annual, Annual meetings can cause the piercing of the corporate veil.

TOPICS TO COVER FOR BUSINESS FORMATION

  1. Choosing a name for your California business
    1. Check names for availability.
    1. https://www.sos.ca.gov/administration/regulations/current-regulations/business/business-entity-names/
  2. Reserve up to 60 days: https://bpd.cdn.sos.ca.gov/corp/pdf/name-reservation-request-form.pdf
    1. Hand-delivered or post mailed to California Secretary of State’s office. https://businesssearch.sos.ca.gov/ 
  • Articles of Incorporation (Corporate charter, Articles of association, Certificate of Incorporation)
    1. Contains pertinent information
    1. Firm’s names, address, agent for service of process, amount of stock issued.
    2. The governance of a corporation and corporate statutes in the state the articles of incorporation are filed.
      1. Legal document for the creation of a corporation (Filed with the Office of the Secretary of State)
  • Bylaws
    1. Governing rules by which the corporation operates. Once Articles of Incorporation are established, shareholders decide on bylaws to help direct operations.
    2. Bylaws are considered to be the most important legal document of any organization.
    3. Bylaws outline in writing day-to-day rules for the organization and guidelines. 
    4. Bylaws describe the exact duties of the Board of Directors. Periodically amended and formally adopted.
    5. Bylaws outlines: Committees, officers, meetings, conflict of interest, amending bylaws
  • Employment policies and agreements
  • Shareholder agreements
  • Operating agreements
    1. Owners
    2. Members
      1. Roles:
      2. Purpose

TOPICS TO CONSIDER IN CORPORATE FORMATION

  1. Taxation
    1. Passed through to the group of shareholders: i.e., profits are subject to only one level of taxation at the shareholder level.
    2. Business profits taxed at the business level and again at the shareholder level.
  2. Business profits
  • Personal liability and financing
  1. Keeping books bylaws up-to-date mitigates exposure. Lack of Bi-annual, Annual meetings can cause the piercing of the corporate veil.

TOPICS TO COVER FOR BUSINESS FORMATION

  1. Choosing a name for your California business
    1. Check names for availability.
    1. https://www.sos.ca.gov/administration/regulations/current-regulations/business/business-entity-names/
  2. Reserve up to 60 days: https://bpd.cdn.sos.ca.gov/corp/pdf/name-reservation-request-form.pdf
    1. Hand-delivered or post mailed to California Secretary of State’s office. https://businesssearch.sos.ca.gov/ 
  • Articles of Incorporation (Corporate charter, Articles of association, Certificate of Incorporation)
    1. Contains pertinent information
    1. Firm’s names, address, agent for service of process, amount of stock issued.
    2. The governance of a corporation and corporate statutes in the state the articles of incorporation are filed.
      1. Legal document for the creation of a corporation (Filed with the Office of the Secretary of State)
  • Bylaws
    1. Governing rules by which the corporation operates. Once Articles of Incorporation are established, shareholders decide on bylaws to help direct operations.
    2. Bylaws are considered to be the most important legal document of any organization.
    3. Bylaws outline in writing day-to-day rules for the organization and guidelines. 
    4. Bylaws describe the exact duties of the Board of Directors. Periodically amended and formally adopted.
    5. Bylaws outlines: Committees, officers, meetings, conflict of interest, amending bylaws
  • Employment policies and agreements
  • Shareholder agreements
  • Operating agreements
    1. Owners
    2. Members
      1. Roles
      2. Purpose

ABOUT HESS-VERDON & ASSOCIATES PLC

We efficiently and economically work to secure a results-driven outcome!

Hess-Verdon & Associates is one of the most reliable and most sophisticated law firms — experienced in the state of California at both the trial and appellate levels. Our law firm has spent years acquiring extensive experience in trial preparation, strategy, and trial presentation to help you with your specific case.

Did you need immediate attention? Set up a free no-obligation case evaluation. 

Call 1-888-318-4430
or

* For a limited time, Hess-Verdon is offering a free no-obligation case evaluation. You owe it to youself to have your case reviewed by our expert team of attorneys. 

Why Hess-Verdon & Associates

⇒ Over 30 years with deep court experience

⇒ 1500+ clients throughout our tenure

⇒ Located in beautiful Fashion Island

⇒ Highest quality counsel that cares and fights for your legal rights

⇒ Aggressive legal representation

⇒ Save time and money

⇒ Peace of mind

The bottom line: you are in good hands with our caring staff of attorneys.

Ready to receive the highest levels of attention to your legal needs?

Feel free to call us at 1-888-318-4430. We are standing by.

Welcome to Hess-Verdon & Associates
Call 1-888-318-4430

Violation of Fiduciary Duty

NEED A SECOND OPINION?

Hess-Verdon is ready to help you today.

⇒ Breach of Shareholder Agreement
⇒ Disagreements Over Direction

Breach of Trade Secrets

⇒ Failure to Disclose
⇒ Business Fraud

Intentional Interference

⇒ Intentional or Negligent Interference with Contractual Relationships
⇒ Negligent Interference with prospective economic advantage

Minority Shareholder Disputes

⇒ Disputes about managerial issues
⇒ Fiduciary matters and misconduct

Tortious Interference

stars 5 Top Business Formation Attorney in Orange County - Near Me

“Definitely a firm that will “fight to the finish.”

Frances Gruben

Client Since 2010

stars 5 Top Business Formation Attorney in Orange County - Near Me

“I have been working with this firm since 1994; you can’t beat a firm like this, that is so ethical and competent.”

Dixie Fisher

Client Since 1994

stars 5 Top Business Formation Attorney in Orange County - Near Me

The Hess-Verdon firm is a class act. I have worked with them for a number of years and seen first hand the level of service they provide, the integrity by which they operate, and the deep compassion they have for their clients. Whether it’s for trust and estate planning or business law matters, they are your best choice.

Chuck Goetschel

Client Since 2012

Hess-Verdon & Associates PLC

Call 1-888-318-4430 or Contact Us Below

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