Deciding to start a business is an exciting and complex adventure. As you strategize your business plan, one key factor to consider is how to structure your business. The formation type you select will impact everything from your tax liability to how you run your...
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Business Law
Tips for finding the right business partner
On Behalf of The McMillan Law Firm, APC | Jan 11, 2022 | Business Law
If you're forming a business and you're not going to be a sole proprietor, where you just create the company on your own, you may decide to work with a business partner. The two of you have to set this up together as co-owners. Not only do you need to know what legal...
How should you set up your business?
On Behalf of The McMillan Law Firm, APC | Dec 1, 2021 | Business Law
Choosing a business entity is not like walking into a wine shop, grabbing a bottle you like the label of, paying the appropriate amount and walking out with it. It is much more complex, and the more you understand, the better choice you can make, as is true for wine....
How could confusing your credit cards affect your business?
On Behalf of The McMillan Law Firm, APC | Nov 24, 2021 | Business Law
If you own a limited liability company (LLC) you need to avoid mixing business with pleasure when it comes to money. Commingling is the term for when you mix your personal and company finances and it becomes hard to distinguish what is what. The primary reason to...
How can you end a business partnership?
On Behalf of The McMillan Law Firm, APC | Nov 18, 2021 | Business Law
Business partnerships rely on two people getting along. Just like a personal relationship, the dream is sometimes better than the reality. Entering a business partnership is similar to entering a marriage in that you create a legal contract. As with a divorce, ending...
What’s the difference between a general and limited partnership?
On Behalf of The McMillan Law Firm, APC | Sep 20, 2021 | Business Law
Starting a business on your own can be a daunting prospect, but launching a company with someone else's support may not seem quite as frightening. When you are the sole proprietor, you are the only one investing money and time in the company. You don't have anyone...
Does your business insurance cover being unable to operate?
On Behalf of The McMillan Law Firm, APC | Aug 9, 2021 | Business Law
Floods, fires and other such natural or manmade disasters could all damage or destroy your business premises. While you probably have insurance to cover damage to stock and the premises, chances are you will be unable to operate, at least for a while. Every day you do...
Review the pros and cons of an LLC in California
On Behalf of The McMillan Law Firm, APC | Jun 25, 2021 | Business Law
California is open for business, making this an excellent time to pursue your entrepreneurial dreams. People are working more, which means they are shopping for goods and services more often. In La Mesa and nearby communities, residents are interested in finding new...
Top 3 hurdles facing today’s business owners
On Behalf of The McMillan Law Firm, APC | Jun 1, 2021 | Business Law
Business owners around the country had a tough year last year. But 2021 is poised to be a growth year for many small and large businesses around the globe. Still, that doesn’t mean that it will be smooth sailing from here on in. You can expect all of the same problems...