Entity Formation & Maintenance
Cruz Law's Comprehensive Approach
Forming your business entity at Cruz Law is not a one-size-fits-all approach and is never handled in a vacuum. If you wanted one-size-fits-all, you could simply use a document drafting service or an online legal document website.
Before Cruz Law forms your entity, Blyss gets to know you, what’s important to you, what your business is going to do in the world and how you plan to exit it. She asks you questions that will inform her of the tax structure of your entity, how you plan to own the entity, and what happens to your business entity when you pass on (or you pass the company on to a new owner).
She asks you these questions so that you don't have to worry about whether you know the right questions to ask. And then she will discuss your options with you in a way that allows you to know you are making informed decisions about:
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Where to form your entity (Nevada, Delaware, Wyoming, or your own home state are all options)
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What type of entity to form (LLC, S-Corporation, LLC taxed as an S-Corporation, Partnership, or C-Corporation are the most likely options she will consider)
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How to set up your bank accounts, what type of insurance to get, which agreements you need immediately (and which can wait), which intellectual property to protect (and whether to own it in a separate entity from your operating assets), how much and what type of insurance you need, how to work with your CPA for max tax savings, and more
At Cruz Law, Blyss sees the formation of your business entity as just the beginning of a long-term relationship in which she is able to become the trusted counselor you turn to for help with all of your business decisions.
Proper Planning Isn’t Reserved Just for the Ultra-Wealthy
Think about it this way – imagine the most successful business owners you know. They don’t just turn to their attorneys for help incorporating their business entities; they turn to their attorneys BEFORE entering into any business deal that will impact the bottom line.
That’s the type of relationship Blyss has with her clients.
Maintaining Your Business Entity - Compliance & More
Blyss doesn't really like the word compliance because it seems to suggest that she is going to restrict you in some way — but, it’s just the opposite …
Maintaining your business entity is about the “nutrients” of a business that is well cared for. Through Cruz Law's membership programs, Blyss takes care of all the little details so you can stay creative and expansive.
At most business planning law firms, the relationship ends when you sign your incorporation documents. At Cruz Law, Blyss sees the signing of your incorporation documents as the beginning of her relationship with you and your business. Over time, your business will change and grow. Your ownership structure may change, and she knows for sure that the law will change. Your business documents must accommodate all of these changes in order to make sure your business is on track for growth and continued success.
If your business does not have annual meetings, maintain meeting minutes, have agreements, and is not properly updated and maintained over time, your legal documents become worthless — worth no more than the paper they were printed on. And the costs of failing to update your legal documents regularly are typically far greater than keeping everything current.
To help you make sure your entity is maintained properly, Blyss offers ongoing strategic and tactical support to ensure your business has the continued foundation necessary for growth. Cruz Law's membership programs are designed so Blyss can proactively monitor the activities of your business on a weekly, monthly, or quarterly basis.
By doing this, Blyss can stay on top of your business’ legal, insurance, financial, and tax (LIFT) details so you can relax and be more creative, more expansive and live more into the possibilities for your business knowing that everything else is handled.
For more information about Cruz Law's unique membership programs, schedule your LIFT Business Strategy Session online today by clicking here.