Helping Small Businesses with Corporate Law Issues
Call a Ventura County Corporate Lawyer
Starting a small business is an exhilarating time. If you are the business owner or an executive at a small business, you may be thrilled with the prospects for the future but unsure of what steps you should be taking now to make sure your company can grow. In every business, there are times when legal complications arise. Our team is here to help you weather those storms so that you can prepare for and enjoy long-term growth for your business. A comprehensive risk analysis can help you identify areas of concern before they turn into a problem. If you are looking for a Ventura County attorney, call us today!
Empowering You to Make Smart Legal Decisions
At Ridley Legal, we aim to form lasting business relationships with our clients. We take the time to understand your business and provide you with realistic solutions that work for you. We can help you structure your business and processes to maximize profit and avoid legal complications. We love watching businesses blossom over time and our firm has grown alongside our clients. Ridley Legal makes it a priority to treat every business we work with as if it were our own.
What is corporate law?
Corporate law is a legal practice area that applies to small and large businesses and all of their business law matters. Corporations are businesses that are formed with a legal personality and are considered their own legal entity. Corporations offer limited liability, transferable shares, centralized management under a board structure and shared ownership by contributors of capital. There are various types of corporations and they offer different tax and management advantages and risks. Ridley Legal can help you select the right entity for you, and create the best corporate structure to achieve your business goals.
Some of the legal implications of a corporation include:
- Forming the corporation
- Incorporating with the state
- Choosing the location for incorporation
- Documenting corporate choices and drafting corporate documents
- Registering your corporation with state and federal regulatory authorities
- Documenting minutes and actions of the board of directors
- Executive compensation issues
- Dealing with shareholder purchase and buyout agreements
- Forming contracts
- Purchasing business liability insurance
- Dissolving corporations to end liability
- Adhering to local, state, and federal laws regarding your business
How Ridley Legal Can Help You
Whether you are just starting your business, need to form a corporation, expanding to accept new investments or partners, or are facing legal trouble with your business, our team is here to help. We can work with you to structure your company to limit your personal liability so that your personal assets won't be at risk to pay corporate debts. We can also help you structure your corporation to maximize tax advantage or include other partners in management. From formation to dissolution, Ridley Legal can guide you and your business.
In order to provide executives and board members the full protection of corporate status, businesses must adhere to corporate formalities. Some examples of corporate formalities are:
- Maintain separate bank accounts from the owners (don't combine business and personal funds)
- File separate corporate income tax returns
- Hold annual shareholders' and directors' meetings and document them
- Keep minutes of these shareholders' and directors' major decisions
- Provide annual reports to shareholders
- Make sure that corporate officers and directors sign documents for the corporation
- Keep detailed financial records and only use company funds for appropriate business expenses
Ridley Legal can perform a confidential risk analysis of company practices so you can see where corporate formalities need strengthening. With this knowledge, you can limit your risk and focus your time and money where it helps you most – growing your business.
today if you want more information about corporate law or would like to set up a
over the phone with an attorney at our firm.