Regardless of your business pedigree, the outset of any for-profit enterprise requires sound legal expertise. Whether you plan on doing the lion’s share of your business in Northern California or beyond, your need for a Roseville business lawyer may well stop at Randhawa Hundal. We take our clients and their interests seriously, not least when they’re looking to make their dreams come true and bring a new product or service to market.
When assisting clients with entity formation, we endeavor to empower via a better understanding of consequences and procedures. What kind of costs and advantages should you associate with your options? How do you get there as efficiently as possible? Proceeding with a cursory assessment of your alternatives is never wise given the last important of your decision. We’ll assure you don’t have to go it alone.
Decisions about the kind of entity you wish to form should be an integral consideration amid initial business planning. Should you need general help with planning from a Roseville business attorney, Randhawa Hundal can provide you with timely and comprehensive assistance. One of our first steps would be a detailed discussion of your formative options and the various implications thereof. Under California law, for example, there are several alternatives wherein the differences may be significant to your bottom line.
While you may aim to remain a small or medium-sized venture, that doesn’t necessarily mean becoming a corporation is the wrong choice. Corporations are distinct legal entities whence compared to those founding the enterprise in question. This means that in addition to limitations against liability, the corporation could also exist beyond the deaths of its owners. It nevertheless subjects shareholders to tax liability.
Limited Liability Company (LLC)
While larger companies often adopt a corporate framework in a bid to generate capital via the sale of stocks and bonds, the LLC is still a popular option among a wide range of reputable businesses. Such companies are taxed differently and generally subject to some kind of operating agreement among management.
Limited Partnership (LP)
Such a partnership assigns liability (e.g. for debt) to different partners so that it is commensurate with the extent of their involvement. While general partners incur unlimited liability, a limited partner’s obligations would further depend on the nature of his or her involvement.
General Partnership (GP)
So long as at least two members of a venture are engaged in a for-profit enterprise, they may become a general partnership. By so doing, participants become jointly liable unless otherwise determined by law or claimant.
Limited Liability Partnership (LLP)
Only available to certain kinds of practices (like law or engineering), a limited liability partnership must by law maintain sufficient insurance as per its unique function amid the marketplace.
One of the most basic entities one can form, this entity assures that a founding individual is entitled to all profits while also remaining on the hook for taxes and other obligations. Given the heightened responsibility associated with this kind of endeavor, legal help may be especially advisable.
A number of forms may be found at the website for the California Secretary of State, but we strongly recommend legal consultation prior to making any final decisions. A complete conversation about how tax and other issues may impact the rest of your business plan may be appropriate, as well. The more homework you can perform at the outset, the fewer headaches you’ll incur over the long-term. To arrange an appointment, place a call to 916.580.3681 or fill out our web-based form located here.
Simran Randhawa of Randhawa Hundal LLP is an excellent trust attorney. Simran’s knowledge and attention to detail was paramount in the preparation of my living trust.The whole process was stress-free and easy. He is very detail oriented, courteous and professional. I highly recommend him if you're looking for a Will and Trust preparation attorney.read more
I had to evict my tenant because she was not paying or planning to pay. I was very happy to have found Hundal LLP; I was able to get my property back. Mr Hundal was very professional and easy to reach whenever I needed a consult. He kept me informed of each step of the process. Will refer any family and friends. Also, the fees are reasonable.read more
"I am very happy with my O1 visa (Individuals with Extraordinary Ability or Achievement) approval experience with Randhawa Hundal LLP. Simran Randhawa is an exceptionally skilled Lawyer with thorough knowledge of immigration law. I was very impressed with his approach to evaluate my case with complete honesty and offer genuine advice especially when I was standing at the end of my OPT duration. He personally took time to explain me each and every step of O1 visa. He was able to ingrain confidence in me through his analysis and clear communication. He was always available to answer my questions or concerns. He made me feel like he cared about my case and understood my critical immigration situation. Without his help, it would not have been possible to secure my O1 visa. I would highly recommend Simran Randhawa to anyone pursuing their dreams to work/immigrate in the USA because of his expertise, commitment, work ethics and diligence in work." Thank you again for your exceptional service. Kirandeep K. ManiLab Manager/Plant PathologistCSP LabsPleasant Grove, CAread more
This was my first time evicting a tenant and they handled the case in a very professional manner. Very responsive and efficient in handling the eviction case. The overall price was reasonable as well. I would recommend these guys.read more
This was my first experience at having to evict a tenant. I was concerned about the process and lawyer fees. I cold called Randhawa Hundal, LLP and spoke to Jaspreet. Jaspreet explained everything in detail and helped me understand the reality of an outcome. He helped me make the best financial decision. I was being emotional about this eviction and was willing to spend more to get results. Even though Jaspreet could have earned more by letting me proceed as I intended, he explained why it was best to take another direction. I strongly recommend this firm.read more
They are very professional and knowledge attorneys. I would highly recommend them. We needed an estate plan and Simran made the process easy to understand, he answered all our questions and had our estate plan done in an extremely timely manner. Their fees are very reasonable and an overall great firm to work with.read more
All around great!! Really easy to work with and really reasonable on their pricing. Had a rental that was behind on rent, they helped me get my rent money and get my house back, I'll definitely use them again and tell my friends to use them. 100 % happy with experience with themread more
I hired Randhawa Hundal for some tax related stuff. They were really good to work with and were very professional. Jaspreet was a pleasure to work with and he was very good at answering and/or returning phone calls. He was always easy to get a hold of. He explained the process to me and got me a really good result. I was so pleased with their services that I went back to them again to have my will done. The other attorney, Simran, gave me a complete estate plan, which was way more than what I was expecting. I highly recommend this law firm and will use them for all of my legal needs !! :o)read more