Los Angeles County Cannabis Business Formation Attorney
California will not allow just any person to legally enter the cannabis business. The state licensing agencies will pay very close attention to who is applying. One of the first ways that you show the regulators who you are is through your business organization and structure.
In addition, the type of business entity that you choose will have a large impact on things such as your operations and tax obligations. Depending on your entity choice, you may need the following:
- Operating agreements
- Corporate shareholder agreements
- Partnership agreements
The Steps for Beginning a Marijuana Business
Starting a marijuana business is not as simple as choosing your structure and opening your doors. You must consider the pros and cons of each type of business. Then, you need to draft the documents to start the business along with laying out the ground rules for how your company will operate. You need an attorney who is with you every step of the way and can advise you on the decisions that could lead to approval of a successful business.
There are certain structures that could give you a better chance at getting a license. The state will look at the people involved with your business and who the control persons are. You make these choices at the entity formation stage. The state will only grant a license to a business that they can trust, and you will begin to set up this structure at the formation stage. At the same time, you also want to establish your business in a way that will protect you from liability.
An Attorney for Cannabis Business Formation in Los Angeles County
At the Kaver Law Office, we are an experienced cannabis business formation firm with specialized knowledge of the marijuana industry. Contact us online or call us today at (310) 620-6420 to get started on forming your business to apply for a cannabis license.