Putting up a business in America’s eighth largest city requires knowledge of and compliance with business laws, which a proficient San Diego business attorney can help you with. California corporate law stipulates some state requirements for the creation of a new company or business. Once you have complied with these, your business can be recognized as a juridical entity.
The first step in forming a company is to acquire a name that is not previously registered, and is not currently being used by another business in the state. Failure to provide one will cause the disapproval of your application. The legal name must have a corporate designator such as “inc.”, “co.”, “ltd.”, or “corp”.
Articles of Incorporation
The Articles of Incorporation is a set of documents that govern the management of a corporation, and is the basis for its registration. It is filed with the Office of the Secretary of State of California or in the particular state where you want to incorporate. It includes the nature of the business, its name and address, and those of the directors, the number of authorized shares, and date of incorporation. Your lawyer can take charge of this to ascertain that it’s done correctly.
California law states that the board of directors of your corporation should have at least three members. However, if your company has less than three shareholders, then the number of your directors should equal that of your shareholders. The directors are not required to be State residents and can be of any age.
All states require written corporate bylaws. These outline the structure and governing rules of the corporation, and specifies the responsibilities of its members, Board of Directors, and executive committee. It also details the nomination and election process of the officers and directors. Bylaws have to be formally adopted and amended as necessary.
When it’s time to lay the ground work to get your company started, esteemed law firms like the Webb and Bordson Law Group have competent lawyers to assist you with every detail. In the future, if you are faced with a rejected insurance claim which is a matter of life and death for your company, the firm’s reputable insurance defense attorney can help your business stay afloat. Trusted lawyers with proven track records can guide you as you venture through the business jungle.
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