All Business Structures Require a Business and Corporate Lawyer - By: Lubna

There are four different types of business structures, sole proprietorship, partnership, corporation and Limited Liability Company. No matter what kind of business you own, if your goal is to perform all your business transactions smoothly, you must hire an attorney who is an expert in business and corporate law. In a sole proprietorship, it is the owner of the business who is responsible for making all the decisions regarding the business. It is he who bears all the losses and gets to keep all the profits. From the structure of this kind of business, it may appear that there is no need to hire an attorney, as business and corporate law issues are of minimal nature here. But the truth is that there are several problems that can occur in a sole proprietorship, which can be easy tackled by a lawyer, for example taxation issues, buying or selling property etc.

Since in a sole proprietorship, the business and the owner are viewed as the same entity, the personal property of the owner is not protected from business liabilities and this is where the presence of a lawyer plays a vital role.

In a partnership there are at least two owners of the business, it is the partnership agreement that decides on how the profit and loss will be shared amongst the partners. Just like under sole proprietorship, the personal property of the partners is not protected from business liabilities. But if the business has hired a lawyer, then with his or her business and corporate law knowledge, the partnership can work out a suitable strategy to save the assets. The importance of a lawyer is sublime in partnerships, because the partnership agreement is what holds the partnership together and that must be worked out in detail with the presence of an attorney.

In a corporation, the business and the owners of the corporation are two different entities, which mean that business liabilities have no claim on personal assets of the owners. It may be assumed that here the need for a business lawyer is negligible but unfortunately this will be a flawed assumption. Presence of a business lawyer can avoid many complex and complicated situations for the corporation such as shareholder restrictions and tax issues.

Lastly LLC, this form of business protects the owners of the business from business liabilities, as a LLC makes the owners and the business two different entities.

If you have an established business or are thinking about starting a new one, then you must make an appointment with Miss Lubna K. Jahangiri. Miss Lubna is one of the finest attorney’s in the state of California and is an expert in business and corporate law. Her years of experience and knowledge can guide you in choosing the appropriate kind of business structure for your business. If your business is already set up then hiring Miss Lubna as a consultant will not only ensure smooth running of the business, but it will keep your business up to date with all kinds of legal work.

About the Author

Miss Lubna K. Jahangiri is one of the most qualified and experienced business and corporate lawyer in the State of California. Lubna Jahangiri http://www.lkjlaw.com 2010 Crow Canyon Place,Suite 100 San Ramon CA 94583 U.S Tel: (925) 359-3233 Fax: (925) 359-3234 Email: lubna@lkjlaw.com

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