Business Formation

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Business Formation Attorney In Colorado & California

Getting Your Business Off On The Right Foot

Starting a business can be an exhilarating yet daunting and perilous task, which requires making numerous tough decisions. The process of forming a business cannot be accomplished overnight. It is essential to seek legal guidance from our experienced business formation attorney at The Heritage Law Group to ensure the proper establishment of your company. We are dedicated to providing personalized representation to business owners and entrepreneurs throughout both states. Our services extend to the San Jose & San Francisco Bay Area, as well as the Denver metro area in Colorado. It is crucial for businesses to have a solid foundation from the start, which is why seeking legal advice can greatly benefit their success in the long run.

Contact The Heritage Law Group to schedule a consultation with a lawyer today. 408-925-0146

Choosing a business structure

When establishing a business, it is crucial to consider the legal structure that will govern its operations. The legal entity of a company has significant implications on various aspects, including taxes, liability, and fundraising capabilities.



  1. Sole proprietorship. This is the simplest business entity that involves only one owner (the sole proprietor). The sole proprietor is responsible for the business’s day-to-day operations, while the company’s income and expenses are included in the owner’s tax returns. 
  2. Partnership. A partnership is a business structure formed by two or more owners. A partnership is very similar to a sole proprietorship, except that the company’s profits have to be divided among multiple owners. Each partner must report their share of the income or loss on their personal tax return. 
  3. Corporation. This type of business structure is separate from its owners. Typically, corporations are large organizations owned by stockholders. Forming a corporation can be a complex and daunting task because it requires you to comply with numerous regulations and tax requirements. 
  4. Limited liability company. A limited liability company, or LLC, is a hybrid structure that has the characteristics of a partnership and corporation. If you own an LLC, you can benefit from reduced taxes and, at the same time, enjoy personal liability protection. 

Establishing the necessary documents

There are certain documents that are necessary when establishing almost any business: 

  • Business plan. Every business needs a well-drafted and well-thought-out plan in order to thrive. 
  • Partnership agreement. If you are thinking of establishing a partnership, it is vital to have a well-written partnership agreement in place. 
  • Operating agreement. If you are setting up an LLC, you may need an operating agreement to establish the rules and structure of the business. 
  • Buy/sell agreement. A buy/sell agreement may be an essential document for every company regardless of the type and size of the business. 
  • Employment agreement. If you need employees to do work for your company, you need to have a proper employment agreement in place. 
  • Non-disclosure agreement. You may also need a non-disclosure agreement to prevent sensitive information from being shared with others. 



We highly recommend seeking counsel from a proficient business formation attorney to evaluate your specific circumstances and determine the necessary documentation for setting up your company.  As experts in this field, Heritage Law Group can provide invaluable guidance and legal support throughout this process.

The Step-by-step Guide for business formation

Business formation usually involves taking a number of steps, including but not limited to: 

  • Conduct market research 
  • Develop a business plan 
  • Find funding for your business 
  • Choose a business location 
  • Choose a business structure 
  • Name your business 
  • Register your business 
  • Obtain state and federal tax IDs 
  • Apply for appropriate permits and licenses 
  • Open a bank account for your business 


If you are considering starting a business, it is recommended that you consult with a knowledgeable attorney from Heritage Law Group to receive expert guidance on the proper steps for business formation.

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