The Trial-Tested Representation Your Case Requires
Looking to launch a new business really fast?
April 13, 2023
The California economy is constantly evolving. The kinds of food that people crave, the clothes that are on trend, the places they want to go to have fun and even the modes of transportation that Californians use to get around seem to shift from season to season. As a result, entrepreneurs and small business owners often benefit from being flexible and ready to capitalize on “the next big thing” whenever that thing announces itself as an opportunity for enterprise.
Because of all this, there are times when it pays to get a business model off the ground fast – not just “relatively fast when taking into consideration market conditions, legal obligations, etc.” but “I want a new company up and running by next Tuesday” fast.
Perhaps you envision that your company will operate in multiple states and possibly even globally. Or perhaps you simply envision a company that is expansive enough that personal liability protection in the event of business challenges could be a real issue for you. As a result, you may want to consider formalizing your business as a corporation or a limited liability company down the road.
For now, however, if you just need to get your business moving immediately, you may want to consider forming a sole proprietorship if you’re going to own the company outright. If you’ll share ownership interests with at least one other, then a partnership will get your business up and running very quickly.
These company structures take almost no time to form and they can be transitioned to LLCs or corporations once a company is operational and looking to expand or to benefit from greater legal protection. You can seek legal guidance to make this switch at any time.