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Business and Professions Code 17918 specifies "No person transacting business under a fictitious business name contrary to the provisions of this chapter, or his assignee, may maintain any action upon or on account of any contract made, or transaction had, in the fictitious business name in any court of this state until the fictitious business name statement has been executed, filed, and published as required by this chapter. For the purposes of this section, the failure to comply with subdivision (b) of Section 17917 does not constitute transacting business contrary to the provisions of this chapter."
Los Angeles County is always looking to conduct business with small business owners. If you are looking to sell goods or services to the County, the State, and the Federal Government -- visit the Office of Small Business.
This office does not issue business licenses. To obtain a license, contact the City Hall in the city where the business will be conducted. For a business to be conducted in an unincorporated area of the County, contact the Los Angeles County Business License office at (213) 974-2011.
Our office provides help with SBA services including funding programs, counseling, federal contracting certifications, and disaster recovery. We can also connect you to our partner organizations, lenders, and other community groups that help small businesses succeed.
All individuals or entities conducting business activities within the City of Los Angeles are required to apply for and obtain a Business Tax Registration Certificate with the City of Los Angeles, Office of Finance. You may also have to register with other Federal, State, and Local government agencies depending on the structure and location of your business.
1. Your Social Security Number if your business is a Sole Proprietorship or your Federal Employment Identification Number (EIN) if your business is a Partnership, a Corporation, a Limited Liability Company (LLC), or a trust
Most businesses must register with the US Internal Revenue Service (IRS) to obtain an Employer Identification Number (EIN). If you are not a US citizen, you may need an Individual Taxpayer Identification Number (ITIN) instead.
The market in the county is growing, with its large number of residents. Census Bureau projects that a significant additional growth is also to happen in the year 2025. This population data spells great things for businesses.
Whilst most people initially think of movies and tourism in the Los Angeles County, the area has been home to lots of major industries, each with a booming ecosystems of businesses. Other major sectors like aerospace, technology, transportation, marketing and design, apparel, tourism, food manufacturing, transportation and bioscience are also major economic factors.
Be the first to know when excellent business ventures become available in the Los Angeles County market by subscribing to our email alerts. Gain access to the latest businesses for sale around the area and be the first to know.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
When it comes to commercial real estate ownership in majority-Black neighborhoods, Black business owners are often systemically excluded from the economic benefits such ownership can generate, while other investors amass control over profits and the trajectory of neighborhood development.
In fact, joint guidance from the Treasury Department, Federal Reserve, and the Federal Deposit Insurance Corporation formally recognizes owner-occupied commercial real estate as lower-risk for lenders. Local ownership of commercial real estate has been found to help stabilize rents and support vulnerable businesses in withstanding economic shock. Additionally, an Urban Institute study found a positive correlation between small businesses which received loans to purchase real estate and increased sales and job creation.
Why do Black small business owners, residents, and developers face such high barriers to ownership? And what can local governments do to facilitate more inclusive ownership and prosperity? To answer these questions, the next section of this report draws from on-the-ground perspectives from business owners, residents, and other key community stakeholders in South Los Angeles.
Even if down payment assistance and quick capital were easily available to small business owners, the processes for successfully locating, financing, and closing on a commercial real estate property deal are opaque, complicated, and difficult to navigate. Technical assistance could help, but not all residents and businesses know where to look or how to best to access it.
A robust body of evidence demonstrates that in strong market neighborhoods, community ownership models can be useful tools to empower tenants, ensure affordability for entrepreneurs, and retain local businesses and organizations who may otherwise be displaced. In weak markets, they can provide a foundation for vitality and enterprise where the conventional market has failed.
Rather than focus on outside investment and business attraction, local governments should create tax credits to support real property ownership for existing small businesses, particularly small businesses owned by people of color. There are many examples of state and local governments creating tax incentives for small business incubation and stabilization, as well as tax credits for residential homeowners of almost all kinds. However, there is a largely untapped opportunity for governments to leverage tax credits to support small business property ownership, which the evidence base presented in this report suggests would grow these businesses and create new economic activity and jobs.
Starting a business through a franchise is often the shortest path to profitability, but where do you start? This workshop will cover franchising basics, including the array of categories, investment levels, ownership options available, and how to go about defining your vision to make sure you are selecting the right fit for you.
GLAZA occasionally issues Requests for Proposals for various business opportunities in connection with our activities at the Zoo. We encourage you to check this page regularly if your business is interested in working with us.
If you are compensated to interact with the Department of the Zoo, City law may require you to register as a lobbyist and report your activity. Any individual may qualify as a lobbyist, regardless of occupation, education, training, or professional title. A lobbyist may hold a position that includes but is not limited to attorney, CEO, consultant, government liaison, business owner, permit applicant, urban planners, expediters, land developers, various real estate specialists and others.
Whether you are an investor evaluating opportunities or a current business owner looking to sell, it is important to work with an experienced attorney who can protect your interests. At Boyd Law, our attorneys are experienced in performing due diligence, researching business assets and debts, and advising buyers and sellers through all phases in the purchase or sale of a business.
As with most things in the world of business, the process of buying and selling a business can be very complicated. In fact, there are many methods in which to accomplish the sale of a business as well as lots of practical and legal things to consider.
Our Boyd Law business purchase and business sale attorneys in Los Angeles will be able to provide you with a list of important questions to consider while buying or selling a business. We also understand that protecting your trade is extremely important in the process and making sure that you are fully protected in both the buying and selling process.
Our firm has represented parties to both sides of the transfer of businesses and business interests. We work to finalize purchase and sale agreements for our clients as quickly as possible, while ensuring that their interests are protected by thoroughly reviewing all pertinent documents. Our attorneys have substantial transactional and litigation experience in all these areas, so we are able to offer our business clients truly comprehensive counsel when they are seeking to purchase or sell a business in California.
Regardless of which side of the transaction you are on, buyer or seller, you can benefit from not only the assistance of someone who will do much of the legwork of a business purchase or sale, but also from the objective counsel of a third party whose job it is to protect your financial interests.
If you are buying or selling an existing business, the Los Angeles business attorneys at Boyd Law can help you proceed in a professional manner that ensures no issues are overlooked and the resulting sales agreement is beneficial to seller and buyer. Given the complexity and scale of the issues involved in the sale of a business, it is critical for both purchasers and sellers to retain an attorney with knowledge and expertise in such matters to guide them through the process and safeguard their interests. 041b061a72