Legal Question in Business Law in California

I am probably stating the obvious here when I say that these are the kind of queries you consult with legal counsel about in private and that there is no one-size-fits-all kind of formula. It greatly depends and any smart lawyer will have way more questions than answers at this point.

I will say that if any of the shareholders you intend will be non-US residents an S-Corp is out of the question.

There is way around it, you will have to engage counsel to advice on and set up the entity along with all the supporting documentation especially if you expect people to invest in the venture.

If you would like to discuss further over a free phone consult, feel free to contact me anytime that is convenient.

Our firm is now referred by the American Bar Association (see under the New York section):

http://www.americanbar.org/groups/delivery_legal_services/resources/programs_to_help_those_with_moderate_income.html

Kind regards,

Frank

www.LanternLegal.com

866-871-8655

[email protected]

DISCLAIMER: this is not intended to be specific legal advice and should not be relied upon as such. No attorney-client relationship is formed on the basis of this posting.

Mr. Natoli is correct. This is not something you get answered on the internet for free. This is something you get direct, in-person help with from an attorney licensed in your jurisdiction. I do not do the specific sort of work that you require, but I have an affiliation with an excellent Silicon Valley firm that does just exactly the kind of counseling and entity formation you need. If you would like a referral, let me know.