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  • DIRECTORY

Business & Corporate Law

Entrepreneurs and business owners often need legal consultation in managing their business. The Lawyer Referral and Information Service (LRIS) can help you find a San Diego business lawyer.

Contact a Referral Specialist

Glossary of Legal Terms
Get a Referral to a Lawyer

Key Issues in Business & Corporate Law: Types of Businesses
  • Sole Proprietorship
  • A business or financial venture carried on by a sole person and which is not a corporation.
  • Partnership
  • The relationship existing between two or more persons who join to carry on a trade or business. Each person contributes money, property, labor or skill, and expects to share in the profits and losses of the business.
  • Corporation
  • Shareholders exchange money, property or both, for the corporation’s capital stock. A corporation’s liability is limited to its assets, and stockholders are protected against personal liability connections to the affairs of the corporation. The corporation is taxed a special corporate rate, and stockholders pay additional tax upon dividends to profits obtained from the corporation.
  • Limited Liability Company (LLC)
  • Similar to a corporation, owners have limited personal liability for the debts and actions of the LLC.

What to Ask Your Lawyer?
  • What do I need to include in my business contracts?
  • What parts of my business pose a liability risk?
  • How do I evaluate a potential business merger or acquisition?

Disclaimer: The information on this page is to aid your general understanding of general law issues and terms. This information does not constitute legal advice and should not be depended upon for that purpose. Laws are constantly changing and may at any time render the information found here invalid, so you will want to do further research on your own. For legal advice, consult an attorney. If you need a referral to an attorney, contact the SDCBA’s Lawyer Referral and Information Service at www.sdcba.org/ineedalawyer.

Updated 3/27/2018

Resources

U.S. Small Business Administration

State Bar of California Business Law Section

San Diego Law Library

Issues with your attorney's bill?

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