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Selecting the Right Business Entity
January 31, 2019 @ 6:00 PM - 8:00 PM PST
Whether just starting a business or owned a business for a while, all business owners need to understand the what, how, and why of the legal form under which their business operates.
A proper business entity selection can play a huge role in the long-term success of a company as well as determining the amount of personal liability that the owner (or owners, in the case of a partnership) will face in the event of a lawsuit or collection action.
Selecting the right entity can shield your personal assets from being taken to satisfy business-related or personal liabilities incurred by fellow owners. There are pros and cons to every business entity selection, and what works for one business might not be the best fit for yours.
- Why your business’s goals and priorities affect the business entity under which it operates
- What are the legal ramifications of operating under various business forms
- What’s the big picture tax implication operating under various business forms
During this interactive question-and-answer (Q&A) workshop, you’ll learn the basics of each of the business legal forms to help you make the best business formation decision for your business.
Business entities under discussion include:
- Sole proprietorship
- Partnership (both general and limited partnership)
- Limited-liability corporation (LLC)
- Corporation, subchapter S, and common C type
- Benefit corporation
- Low-profit limited liability company (L3C)
- Emerging business structures for socially conscious, mission-driven business
$20 West Center clients; $25 Coast Women in Business or Mendocino Coast Chamber of Commerce members; $30 general admission
Debra DeCarli practiced law in San Francisco, handling complex litigation all over the country before moving to Mendocino. She and her husband loved the beauty and strong sense of community on the Mendocino coast. Her practice focuses on estate planning and helping local businesses. She excels at truly listening to people and translating what she learns into workable strategies and solutions. Whether advising individuals or businesses, Debra always starts with a discussion of short-term and long-term goals and priorities.
ABOUT WEST BUSINESS DEVELOPMENT CENTER
The West Business Development Center (West Center) prepares entrepreneurs to adapt to rapid technology shifts, a mobile workforce, and the growth of customization. West Center supports Mendocino County small business owners and the communities they serve so they may thrive in the decades ahead. Established in 1988, West Center is a nonprofit 501(c) (3), with two locations: in Fort Bragg, California, and Ukiah, California.
To become a West Center client, go to Get Started, and an advisor will contact you to schedule a meeting.