I am a private chef seeking to write up a business plan to teach cooking for couples in a creative and fun atmosphere.
Workshops will be half a day to a full day. They will take place in hotel conference rooms, cooking shops, private homes, or anyplace where I will receive permission from the owner to use their space.
I may hire independent chef instructors to teach so I can focus on operating the business.
I’d like to keep my personal & business finance separate and prevent double taxation. Which form of business entity is best suitable for my business interest?
Answer: An S corporation would be very suitable for your purposes
However, make sure to properly classify the instructors you mentioned as employees or independent contractors. You should discuss this with your business attorney.
Over the past several years, this has become a huge issue and I have defended so many employers who misclassified their employees as contractors.
In addition, do not rely on the advice of non-professionals in the field of internet services about incorporation. Make sure that your business is incorporated by a business attorney and be sure to comply with all corporate laws including maintaining your corporate formalities at least once a year at a minimum.
Be sure to draw up all contracts in the name of the corporation. Pay yourself a reasonable amount of salary. Do not commingle your personal money with the bank account for the corporation. Start with a reasonable amount of capital in the bank to pay creditors. Record the capital raised with the Commissioner of Corporations. Do not forget to issue stock and record it in your share ledger.
When we sign up for the annual corporate records maintenance program, does that include any type of representation?
That is, should we or our corporation come under scrutiny in the years that we are paying for the service with you?
Answer: Depends, our services are generally à la carte also consider we’ve significantly reduced the risk
In order to keep the annual program free manageable for small business clients, we pretty much treat our services as à la carte.
However, we do add in what we call our “I just have a quick question” feature.
If something comes up during the course of the year related to the corporate records, you may just give me a call and I will do my best to answer your question and it’s included in the program.
If we need to work on a project, then we will discuss the budget and go from there.
So long as you maintain good business practices:
We use the proper contracts for the work studies
Properly maintain our corporate formalities
Keep a paper trail while doing it
We’ve reduced the risk as much as we possibly can!
As far as the corporate records, when I researched the requirements online, it seemed that we only needed to record officer meeting minutes at least once annually to be in compliance.
There was not much change that occurred in the business over the years since inception.
What type of information would you need to produce the documents you referenced?
Answer: We send you notices of when meetings are required, working agendas to fill out, we will draft the minutes and return them for electronic date stamped signatures
One of the critical things with corporate record-keeping is that we go through the process of doing it even though they’re not are many changes.
Microsoft will handle their corporate records with the same officers and directors, insurance companies, contracts, etc. The fact that things don’t change much, does not mean that they are not required to do it.
Your corporation will be treated just the same.
One of the keys to our processes is that you and I will have the paper trail backward and forward to show that it was actually done.
In the program I will be sending you notices of when meetings are required to be done, I will send you working agendas to fill out and send back to us so that we can prepare the minutes, we will draft the minutes and send them out to for electronic signatures which will be date stamped, etc.
Highly recommended!
Andy Gale & the associates at Gale and Vallance were awesome in setting up the CA Professional Nursing Corp for ARF Admin Solutions. They were very responsive and knowledgeable from the start. Highly recommended!
George
01/01/2023
Business legal services
Gale & Vallance provided excellent business legal services. The firm was professional, prompt and prepared. The entire process of starting a new corporation was easy and affordable. They have my recommendation.
Raj
07/10/2022
Highly Recommend!!!
I met Andrew Gale through a mutual friend several years go. I was so impressed with their business practice that I made it a point to get to know the attorney to expand my own business. Several years later following their advice i am successful with my business endeavors and do not make any decisions unless i consult with them. Not only do they manage my corporations but also literally help 30 of my clients who use their services. Rare gems in the industry. Highly recommend Gale and Vallance.
X
Incorporation Attorney
1820 W Orangewood Ave Ste 104a, Orange, CA, United States
This firm is excellent, efficient, reliable, with great valuable expertise and very thorough. Their dedication to providing great work and service is apparent in their kind, supportive, consistent great communication. Including providing consistent updates on new laws and regulations. Working with them and having them on my team, I have the confidence and reassurance that all services provided will be of great assistance and help to the continued positive growth and success of my corporation business along with the maintenance of keeping in compliance with and within federal state laws and regulations.
Hannah K
27/01/2024
A trusted colleague/friend of mine actually referred me to Andy's firm and I'm really grateful!
He and his team were incredibly prompt, informative, helpful, and patient (with inevitable questions that came there way by a new business owner like myself). With all the specificities it takes to create a business, this team was awesome in communicating with me and assisting me with navigating not only the needs to get the ball rolling but also how to keep it rolling and with tips to help with bank accounts and accounting packages (if I were to want to take those routes).
They were also very neutral in providing all the options possible and when I requested advisement or pros/cons, they were able to share these promptly and in a way that helped me choose what was best for me.
I'm glad to have worked with them and will continue to work with them
Courtnie L.
07/11/2023
I am so grateful for Andy Gale and his firm's help in getting my S Corp established. He has great expertise and I feel more at ease knowing everything was set up properly with their assistance!
X
Incorporation Attorney
1820 W Orangewood Ave Ste 104a, Orange, CA, United States
Andy and his team were a pleasure to work with! As an LMFT opening a private practice, I was nervous and felt like I didn't know what I was doing. Andy did a great job at explaining everything step by step. I got off of our kick-off call feeling confident and ready to take the next step to opening a practice! I decided to go with a corporation for my private practice. Andy and his team are thorough and answered all my questions throughout the process. I was surprised how quickly everything was taken care of. They also sent me emails along the way, giving me updates. I will be using them for my yearly legal needs. 10/10 recommend!
Julie Eyssallenne
12/11/2023
Andy and his team of professionals are amazing to work with. Not only are they extremely knowledgeable and professional, but they are also very friendly and easy to work with. They will always be my go-to. I appreciate Andy and his team!
Z D
12/01/2024
I could not be more pleased, and frankly impressed with the expertise, attention to detail, follow-up and professionalism of the whole office staff. Andrew Gale Esq is extremely knowledgeable of his craft. His overall approach to corporation creation and management took any doubt or apprehension I had about the process.
Thank you so much for everything and I look forward to a long relationship with your legal practice.
Zouhair Kevin Daif, FNP, Nursing P. C.
I am a private chef seeking to write up a business plan to teach cooking for couples in a creative and fun atmosphere.
One of the critical things with corporate record-keeping is that we go through the process of doing it even though they’re not are many changes.
