Business Startup Services in Los Angeles
Starting up a business is an exciting time, but it also comes with numerous questions and many points of stres. Receiving support from a seasoned financial advisory can help your company launch more smoothly and create a strong foundation for a long-standing venture. Core Family Office is passionate about helping new businesses find their footing and get off to a running start in their chosen industries.
We offer the comprehensive, personalized services a family office is known for while also making our services available to all. Our team believes that all businesses, regardless of size or industry, deserve qualified advice and service that can set them on the path to success. When you work with us, we'll put our full weight behind you to help you make savvy decisions for your company's present and future growth. Don't hesitate to take advantage of our Los Angeles business startup services—schedule your consultation today!
Business Formation Guidance for a Solid Start
Establishing your business goes far beyond deciding on an industry, product or service, and name. You need to take specific steps to create a structure that determines how your business functions—and, more importantly, what happens when something goes wrong. Taking the time and care to start off the right way will help your business avoid common startup mistakes and reduce the risk of an early collapse.
There are several aspects to forming your business. We can help you with the following:
Deciding on your company's entity type is a vital step in launching a startup that can't be rushed through or overlooked. Each entity type has strengths and weaknesses, and the wrong choice can stifle your business as it grows.
Our team will sit down with you to discuss all the specifics about your new endeavor and help you understand your options clearly. We'll ask important questions, such as:
Once we know more about your company and your management style, we can make personalized recommendations that factor in your current situation and long-term goals all at once.
Even a newly minted company will have an intrinsic value based on assets, competition, and various other factors. You'll need some idea of your company's value for tax purposes and to seek investors. We have the experience to provide a fair and fact-based valuation of your company that you can justify to interested parties.
For those in it for the long haul, we'll help you protect your legacy through comprehensive succession planning. We know how to put a solid plan in place to ensure that your business won't flounder in the event of your passing or incapacitation. You can have peace of mind knowing that if anything happens, your business can continue to thrive.
Not everyone wants to be a lifelong business mogul. If you're more interested in getting this venture off the ground before moving on to your next big project, we can help you build a sound exit strategy that will promote a smooth transition from your hands to the next. Whether you're looking to sell your share to a partner or pass it on to a new party, you'll be able to step back with confidence, knowing that your departure won't create an undue hardship on what you've built.
Building Infrastructure for Your Business
A company requires the coordination of many moving parts, and each one will require careful attention in the formation process. As your experienced advisors, we can support you in setting up much of the critical infrastructure that will help your business meet its daily challenges. You can count on us to assist you with:
We'll also evaluate your plans to address mistakes and help you take the necessary steps to avoid them. A small error or oversight can cause massive problems down the line after a business launches, and the sooner they're caught, the more likely your company is to succeed.
One question that's rarely discussed when forming a business is what will happen in a partnership if one of the business partners wants to retire or passes. Having a plan in place ahead of time can protect not only the business, but also your loved ones. We can help you create a mechanism to provide security for the company and see that remaining partners can acquire the outstanding share of the business and fairly compensate the partner or beneficiaries.
A buy/sell agreement is drafted between the partners detailing what they want to happen in the event of their passing or leaving the business. The agreement includes a complete contract and life insurance policies for the partners involved. Once enacted, the payout of such a life insurance policy will provide capital for the partners to buy out the remaining share and keep the company whole. We can help you create this policy with sensitivity and attention to detail.
Helping Your New Business Network
Investors can be the lifeblood of your company in its early years, but finding the right investors can often be as tricky as persuading them to invest. Thanks to our years of work, we've built an extensive network of investors in various industries, and we can help you do the same. We'll work with you to put you in touch with solid potential investors who can open new opportunities for your business. With our support, we can also help your business appear at its most appealing, so you have a strong chance of sealing the deal.
Providing Exposure for Nonprofit Organizations
We're proud to work with nonprofits in various causes and enjoy helping you transform your mission into real-world results. One of the greatest challenges in the early years of forming a nonprofit is getting your name in front of potential donors. Core Family Office will use our skills and connections to help you gain exposure to audiences who support your cause. Having the right backing from small and large donors will help your nonprofit become an active force for change.
Supporting Your Business Startup in Los Angeles
Your passion for your business is what drives you; our passion for supporting intrepid entrepreneurs is what drives us. Core Family Office is excited to help you get your company off the ground floor and become a contender in your industry. We're proud to offer startup services to Los Angeles business owners like you. Schedule your consultation and see how we can help your venture become an industry leader with a strong start.