There are several important stages in the growth of any successful San Diego business, and one of these is the establishment of a new LLC or corporation that is associated with your existing business. There are a multitude of reasons why this may be necessary, including:
- Structuring The Creation of a Product or Service Offered by the Parent Company
- Establishing a Separate Entity Based Upon New or Differing Members or Shareholders
- Tax Benefits Derived from Restructuring Your Existing Business Model
- Joint Ventures with Onshore or Foreign Business Partners
The resulting legal issues can be as complex as the reason for establishing the new company. What entity should be selected? Who are the owners and how will profits and control be divided? How will products and services be transacted between the various entities? What is the best tax benefit scenario for the parties involved? How will business accounting for the new entity be managed and by whom?
Each step of growth for your business is an exciting opportunity, as well as an important responsibility. Managing each step prudently along the way ensures that you are building a solid business and not a house of cards. If you are planning to establish a new LLC or corporation that is associated with another San Diego company, call us for a free initial consultation at 866-631-3470.
Allen Barron is uniquely positioned to provide counsel and supporting services in every area of your business. From the formation of your new company, to the development of accounting systems, tax strategy, and experienced business advisory services, we are prepared to support your company and help to achieve your business goals.