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STRATEGIC BUSINESS PLANNING CONSULTANT in BREA, OC CA
Strategic business planning is an important part of any successful corporation. Business planning is the process of determining the present environment and setting goals and objectives to move the company forward in a specific direction.
Advantages of effective business planning:
- Reduce expenses by removing unneeded costs
- Increase revenue by improving marketing, entering new markets, buying new equipment, etc.
- Decrease taxes by taking advantage of financial opportunities
- Decrease risk by developing a proper legal platform
Typical Business Planning Phases:
- Determine corporate "mission" or purpose
- Identify primary internal and external influences on business environment
- Measure the status of the business: strengths, weaknesses, opportunities and threats
- Establish goals
- Develop strategies to reach goals
- Develop objective system of measurement to determine progress towards goals
- Assign responsibilities to individuals and create deadlines
- Document and distribute this business plan
- Acknowledge completion and celebrate success
Types of Organizational Structures:
- Sole Proprietor: One person owns an unincorporated business and offers no legal protection
- General Partnership: Business assets and debts are owned equally by all general partners involved and offers no legal protection
- Limited Partnership: Limited partners have no management authority and have liability restricted to the assets invested into the business
- Limited Liability Partnership: Some or all business partners have limited liability to the activities of another business partner
- Family Limited Partnership: An FLP is a limited partnership controlled by a family that consists of general and limited partners
- Business Trust: A commercial organization managed by appointed trustees (title owners) for the benefit of one or more beneficiaries
- C Corporation: Shareholders can include individuals, other corporations, trusts, partnerships, LLCs, and other entities.
- S Corporation: The corporation's income or losses are divided among and passed through to its shareholders
- Limited Liability Company (LLC): Provides limited liability that allows pass-through income for tax purposes
- Non-Profit Organization: It distributes its surplus funds to help the community according to its goals
- Out of Jurisdiction Corporations and Companies: Any out-of-state or out-of-nation business must qualify and register with the California Secretary of State before conducting business in California
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PRACTICE AREAS
ESTATE PLANNING | Reduce Estate Tax, Create Successor Trustee or Beneficiary, Protect Your Family & Assets, Reduce Family Disharmony. Important documents: Power of Attorney for Health Care, HIPAA Declaration, and Living Will.
POWER OF ATTORNEY | General, Limited, Durable, Springing, Financial, Medical
PROBATE & TRUSTS | Orange County, CA, Probate Administration, Trust Fund Attorney.
BUSINESS PLANNING | Develop Systematic Process to Increase Revenue, Decrease Costs and Protect Assets
RETIREMENT PLANNING | Qualified Planner, Employee Benefits, Pensions, Protect Business Assets.
ASSET PROTECTION ATTORNEY | Legal Asset Protection Attorney Services for Living Trust, Family Limited Partnership, LLC & Lawsuit Protection.
TAX PLANNING | Personal & Business Tax Planning for Retirement & Deferred Tax Plans.
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ELDER & SENIOR LAW
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Gerard W. O'Brien - Business Planning Attorney in Orange County including: Anaheim & Anaheim Hills, Brea, Buena Park, Cypress, Fountain Valley, Fullerton, Garden Grove, La Habra, La Palma, Los Alamitos, Orange, Placentia, Seal Beach, Stanton, Tustin, Villa Park, Westminter, Yorba Linda and other cities in Orange County, CA.
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