Establishing the Contracts
No matter the product or service you offer, establishing the necessary contracts is important. Some common start-up contracts to draft include:
- Business contracts
- Non-compete agreements
- Non-disclosure agreements
- Buy-sell agreements
- Service contracts
- Employment agreements
- LLC operating agreements
- Partnership agreements
- Confidentiality agreements
- Shareholder agreements
- Employee handbooks
- Releases of liability
- Equipment leases
An experienced business formation attorney can draft or review your contracts, help you understand the wordings and contents, and help mitigate potential disputes.
Why Sound Contracts Are Important
A properly drafted contract can offer you and your business the following benefits:
- Avoid potential contract disputes, conflicts, or litigation, and mitigate risk
- Clarify business agreements, relationships, and rights of parties
- Prevent errors or misinterpretation in both agreements and communications
- Establish how disputes will be resolved through mediation, arbitration, or litigation
- Generate revenue and increase operational efficiency
- Extend the brand and values of your business
- Protect real property, intellectual property, and asset values
Filing Required Taxes
Your business entity determines the taxes you may need to pay. As a business owner, some common taxes to file include income tax, property tax, sales and use tax, employment tax, and excise tax. You may also need to obtain your federal and state tax ID numbers to file your taxes.
Applying for Licenses and Permits
Depending on your industry, you may need to obtain licenses and permits for your business to operate legally from both federal and state agencies.
Business insurance provides protection to business owners from the unforeseen costs associated with running a business. You can also protect your business from potential liability and debt with the right business liability insurance policy.
Choose an Experienced Attorney
Forming a new business in California involves several complexities. Choosing a business structure, establishing legal documentation, filing required taxes, and applying for licenses and permits all require proper guidance and assistance from legal counsel. A knowledgeable California business law attorney can offer you the detailed guidance you need to make critical decisions.
At Katz Business Law, I offer dedicated legal services and representation to clients in business formation matters. As your legal counsel, I will work with you to understand your business’s needs and goals. Using my extensive knowledge and experience, I will advise you on your business structure options and set your business up for success. I can guide you through every phase of the business formation process from start to finish.