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Silicon Valley business formation attorneyMany people begin a tech start-up or other small business as a sole proprietorship or simple partnership. But as a business grows, you may begin to wonder whether it is time to think about a more formal business structure, such as a limited liability company or corporation. Here are three questions to consider when deciding whether your business should become a limited liability company (LLC).

1. To What Extent Are Your Personal Assets at Risk if You Are Sued By a Customer, Creditor, or Employee?

Sometimes, the money starts flowing in a business and seems like it will never stop. But when your business spending or borrowing reaches six or seven figures, you need to think about what will happen if you run short of cash. You do not want to risk the chance of losing your home or other personal assets to creditors. 


how to close a business the right wayClosing a business requires more than just hanging an “out of business” sign in the window and locking the doors. Depending on the circumstances, the closing of your business can cause high levels of stress and anxiety, especially for those unfamiliar with the proper steps to take and the correct forms to file. While both the state of California and the federal government offers resources to assist, the help of an experienced business law attorney could make all the difference. 

When closing a business in California, the owners must:

  1. File final year current tax returns
  2. File proper dissolution, surrender and cancellation forms with the California Secretary of State’s office within 12 months of filing the final tax forms
  3. Refrain from conducting business in the state after the final taxable year

This three-step outline, in a very general sense, is the procedure one must undertake for closing a business. The reality of the situation involves the filing of a number of forms with both state and federal authorities, and failing to follow proper procedure could result in unnecessary stress and even litigation. It is important to remember that all tax forms remain open to audit until the expiration of the statute of limitations. In addition to filing final state and federal tax returns, it is important to:


Many people have an entrepreneurial spirit, and that's a tremendous gift to have. It also means you will have a lot of responsibility when you start your own business. When you go this route, you will have to consider a lot of very critical issues to ensure your business is successful.

First and foremost, you have to make the decision to start your company. Great! But it's not as simple as just saying "I run my own business now." What type of business will you have? Is it a partnership? A corporation? A limited liability company? A non-profit? This first step is incredibly important, because it will dictate all of the legal setup and documentation you need to do to ensure your company is compliant with the law and properly established.

You will also want to familiarize yourself with your state's rules, regulations and laws relating to starting (and maintaining) a company. There will be many forms, fees and tax documents that need to be completed, paid and filed.


Proper planning is required if your dream is to start a business in Silicon Valley. A detailed business plan will go a long way in helping you start your business as well as ensure your business goals are protected in the future.

Your idea needs to be developed and for your business to succeed, you need to understand the market, your competition and how to set your business goals to make your business successful. Every business idea is unique and relies on specific factors. However, every business can benefit from following a carefully drafted business plan.

Your business plan should address specific items to help your business now and in the future. What should your business plan include? Listed below are items to consider addressing in your plan:


If you are currently working to start a new business, chances are good that you've got money on your mind. More specifically, you may be consumed by worries about how much everything seems to cost. You began with a grand picture in your mind of the perfect workspace with the best equipment, but that picture probably became a little smaller once you started calculating expenses.

This is a common scenario, and one that is faced by most entrepreneurs when they are just starting out. But while it may be a good idea to settle for less than perfect in some areas, there are other areas where you should not skimp. This includes working with an experienced and highly knowledgeable business law attorney.

A recent article on the website Entrepreneur.com discussed 10 entrepreneurial land mines to avoid when starting a business. Number seven on that list: "Not paying for proper legal advice." Too many business owners decide that they cannot afford or don't need to hire an attorney. They believe they can simply find any legal forms they need online and take care of the legwork themselves.

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