Should I Buy Into a Franchised Business?

If you are interested in being your own boss and running your own company, you have a few primary options to get started. One option you have is to buy or take over an existing company. Another choice that you have is to start a business entirely from scratch, building your own business concept and creating your own brand.  A third option is to buy a franchise. Deciding to buy into a franchised business can have advantages, but also some disadvantages as well. A San Jose business law attorney … [Read more...]

Do I Need Special Insurance to Start a Business?

When you start a business, there are many things you need to do in order to protect your assets and get the company off the ground in a way that will maximize the chances of success in the future. One of the most important things that you will need to consider is purchasing insurance for the business.  In some cases, you will need special insurance to start a business because the law requires it. For example, if you plan to have any employees who are working with you, then you are required to … [Read more...]

Where Do I Get a Tax Number?

Individuals have an identification number that they use on all of their tax forms so that the Internal Revenue Service (IRS) is able to identify them.  This number is your Social Security number.  You need to include your Social Security number on forms given to an employer, as well as on tax returns. The IRS can then use your SSN number to track all of your tax forms.  If you plan on starting a business or hiring workers for your company, however, you may not wish to use your social security … [Read more...]

What is a Sub-Chapter S Corporation?

Many businesses in the United States are organized as corporations. Corporations are a very common type of business form for many different reasons. Corporations make it easier to buy and sell ownership interests in a company. Corporations can provide protection for owners from liability, limiting their risk to the money invested and ensuring owners do not become personally liable for corporate debts and judgments. Corporations can also allow a business to make some choices about how the company … [Read more...]

Should I Incorporate a New Business?

When starting a company, you will need to decide what type of business organization you wish to operate. You have a variety of different choices regarding the type of business that you will run. For example, you can be a sole proprietor, which is the simplest type of business organization that has virtually no initial paperwork requirements. You could also form a partnership if you want to work with others, or consider a limited liability company (LLC).   For many organizations, however, it … [Read more...]

Why Do I Need a Corporate Lawyer in San Jose?

If you run a business, no matter the size of the company, there are a variety of different laws and regulations that apply to you.  You must ensure you comply with both state and federal laws in order to avoid facing fines, a criminal investigation or a civil lawsuit.  Knowing the laws and all of the different rules that apply to you can be confusing, but it is your responsibility to keep up-to-date with the requirements applicable to your business.  To protect your company, it is a good idea … [Read more...]

What is a Sole Proprietorship?

When you begin operating a business or earn income from a source other than a traditional employer, it is important to understand the new obligations you have as a result of your entrepreneurial efforts. In some cases, you will need to become licensed by the state and obtain an employer identification number or tax ID number for your business. You also need to make decisions on the best way to organize your business enterprise.  One of the simplest ways to operate a business is as a sole … [Read more...]

Can I Operate a Small Business From Home?

Many business owners want to keep costs down when they first begin operating. Buying or renting office space or a location for a business can be a significant expense. You may also be forced to sign a lease that extends for months or for a full year. This can be a major obligation for you to take on if you are not sure if your business is going to become profitable within the course of a year.  To avoid the expense and hassle associated with finding and leasing a location for your business, … [Read more...]

Safety and Health Matters When Running a Business

When starting or operating a business, you have many legal obligations to comply with. Some of the regulatory requirements involve making sure you are paying the right amount of taxes and that you have properly registered your business organization with local authorities. The most important regulations you must comply with, however, are those related to health and safety matters.  Those who are running a business have an obligation to customers and consumers to protect their safety. Employers … [Read more...]

How Often Should a Corporation Hold Meetings & Update Minutes

When a corporation is created, the owners of the business enjoy many benefits including protection from liability. In some cases, incorporating a business also allows for more favorable tax treatment, depending upon how the business is organized.  However, in order to get the benefits that are associated with incorporating, it is important to understand the legal requirements for operating as a C-corporation or as an S-corporation.  The Law Offices of Mike Ross has helped many clients to … [Read more...]