San Diego Corporate Dissolution Attorney
We Handle the Formation and Dissolution of Corporate Entities
Both the formation and dissolution of a company comes with a vast array of legal hurdles. Our skilled San Diego business formation and dissolution lawyers have over half a century of experience in business law and can help entities open their doors—or close them—in an efficient manner.
Our team can assist with corporate entity formation for companies just getting off the ground. We also understand the complex laws that are involved in corporate entity dissolution and can guide clients through every step of the process.
If you need counsel regarding your corporate entity, we are here to help. Contact Purdy & Bailey, LLP online or call (858) 360-7080 to speak with a corporate dissolution or formation lawyer in San Diego.
Forming a Corporation or Business Entity
With more than 50 years of experience, we proudly help companies across California with corporate entity formation. From an initial meeting to drafting and filing the correct charter documents, we understand how to create a lasting and successful enterprise.
Our firm can help you with forms and processes involving:
- Researching and registering a corporate name
- Preparing and filing your articles of incorporation
- Appointing a Registered Agent
- Filing tax and employer identification paperwork
- License and permit applications
- Setting up a corporate records book
- Creating corporate bylaws
- Appointing initial corporate directors
- Holding your first board of directors meeting
- Corporate compliance with tax and regulatory requirements
- Navigating issues with foreign corporations
- Business contract drafting
- Legal advice regarding insurance policies
- Federal and state administrative agency proceedings
Factors to Consider During Incorporation
Corporate directors and executive officers typically find themselves under considerable scrutiny, and they must exercise a high degree of prudence in conducting the affairs of a corporation.
With so many decisions being subject to examination, it is crucial that directors and officers consult with knowledgeable San Diego corporate formation attorneys when performing their duties.
We can help determine what type of entity is best suited to your business:
- C corporation
- S corporation
- Limited Liability Corporation (LLCs)
- Limited Liability Partnership (LLPs)
- General or Limited Partnership
- Sole Proprietorship
- Non-profit organization
Other factors you will need to take into consideration include:
- Where your entity should be formed and which states offer the best opportunities for different industries
- Drafting shareholder agreements
- Partnership agreements and business contracts
- Avoiding corporate board impasse/deadlock
- And creating a succession plan and corporate dissolution
About Corporate Dissolution
Just as corporate entity formation requires keen oversight, so does corporate dissolution. Business owners often overlook many steps when they are engrossed in the process of wrapping up their businesses. With our help, you will feel safe and secure in how your dissolution is being handled and ensure corporate compliance, whether it’s in California, incorporated in Delaware or anywhere in the nation.
How Do I Dissolve My Business Entity?
There are many questions to ask yourself when you begin to consider wrapping up your corporation, such as whether board deadlock/impasse may be problematic. When you have decided to wind down your business, you must take important steps to limit your liability, pay any creditors and properly dissolve the entity.
Some of these steps include:
- Notifying your creditors that you are going out of business.
- Ensuring final tax returns have been filed.
- Settling or paying any remaining debts or liabilities.
- Terminating business contracts.
- Dissolving, surrendering or canceling your entity with the California or appropriate Secretary of State’s Office.
It is also important to ensure that you comply with your state’s specific guidelines for dissolving your business.
Our San Diego corporate dissolution lawyers can make sure that you have a firm understanding of these rules and regulations, such as:
- Closing out general partnership agreements
- Canceling out-of-state registrations
- And, if necessary, getting tax clearance
What Are the Advantages of Forming a C Corporation?
There are many advantages to forming a C corporation. Although it is owned by shareholders who elect a board of directors that make business decisions and manage policies, it is still treated as an independent entity. When owners or shareholders change or die, the C corporation will continue to exist.
Owners have limited liability, which means they are not held personally liable for debt incurred by the corporation and they cannot be sued as individuals due to any wrongdoing by the corporation. When compared to an LLC or a sole proprietor, corporations have a lower risk of being audited by the IRS.
A C corporation can also deduct the cost of benefits to employees as a business expense. This means that health benefits plans for employees can be written off. Additionally, shares can be sold to a large amount of investors because there is an unlimited number of stockholders. This means that more funds can be raised for projects.
Contact Purdy & Bailey, LLP for Corporate Guidance
Whether you are seeking to form a business entity or are considering dissolving one, there is no substitute for competent and understanding advice from an experienced business formation and dissolution attorney in San Diego.
Our experience spans the nation, and our qualified business lawyers have also assisted foreign corporations. Whether you run a corporation, limited liability company, general partnership or limited partnership, contact our team to get the prompt guidance and assistance that you deserve.