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Business Law FAQs

Frequently Asked Questions in Business Law

1. What type of entity should I make for my startup company?

It depends. Are you planning to stay small or go public?

Different corporate structures have their benefits. The choice of structure depends on how you want to run your startup. If you intend to keep the ownership small, and the taxes simple, the startup can be structured as an S Corp or even a limited liability company (LLC). If you intend get investors, give people shares in the company and eventually become a publicly traded, then the best structure may be a corporation .

We would recommend drafting a business plan for your start up and then consulting legal counsel for your case.

2. What type of entity should I make for my startup company?

It depends. Are you planning to stay small or go public?

Different corporate structures have their benefits. The choice of structure depends on how you want to run your startup. If you intend to keep the ownership small, and the taxes simple, the startup can be structured as an S Corp or even a limited liability company (LLC). If you intend get investors, give people shares in the company and eventually become a publicly traded, then the best structure may be a corporation .

We would recommend drafting a business plan for your start up and then consulting legal counsel for your case.

3. I have a startup, do I need to have any written agreement with the other owners?

Yes! Ideally yes. We would strongly recommend getting legal counsel who can help draft a shareholder agreement between the shareholders of a startup.

A shareholder agreement sets rules and boundaries, and it addresses most events that owners can come across, such as death, divorce or transferability of the shares.

It is imperative that shareholders get such an agreement to ensure that they know their rights in the company.

Success Stories

Vestige Law has provided exceptional legal services for my USA and International business operations. Attorney Gagan Khan and her legal team are experienced and knowledgeable attorneys. Vestige Law Firm has counseled my company through very critical business decisions over the last 2 years. As a result, my company is positioned to grow and experience great success. Without hesitation, I highly recommend Vestige Law to provide you the legal services you need and deserve to be success. Dr. George W. Hutchinson, Founder/CEO Mandala World Global Operations.

Dr. George H.

I highly recommend Vestige Law to anyone who seeks legal help. Both Attorney Gagan Khan and Martin Thomas are very professional and their skills are at the top of their peers. Not only they are very detailed at collecting evidence for discovery, they are also quick thinkers to argue for the best interest of their clients. Moreover, they also have a big heart to extend their charitable help beyond their legal responsibility. I am really grateful that I have found Vestige Law to represent me in my car accident case against a big bully insurance company. I will definitely come back to seek their legal help if I ever need again.

Lei Z.

I came to Vestige Law in search of an attorney to help me with a Property Damage case. Gagan reviewed my case and immediately assured me she could retrieve funds for several city code violations that had occurred in result of this accident. She proved she is competent with Property/Real Estate Law and she returned with a wealthy check. Her attorney/client communication skills are like no other, she’s always available and responds promptly. I’m very pleased with the outcome.

Ashley Garcia

My experience with Vestige Law was great. Gagan was very personable and made me feel like she cared about my case from the beginning. I was sent her way by a friend who told me she would take care of me, and she did just that. I appreciate her hard work and dedication in getting the resolution I sought after. Would definitely use her again if needed in the future and recommend anyone in the search for a good attorney do the same.

Troy Jackson

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