Two Phase Business Plan
Welcome to our Cannabis Business Formation page.
Here we will discuss our 2 phase process for properly forming your business and then applying for the cannabis business license you want to receive.
With more and more Cities and Counties permitting cannabis businesses, proper formation and operations are keys to obtaining a permit to operate.
Success Requires Being Prepared for Opportunity - Start Now!
Luck Is What Happens When Preparation Meets Opportunity
This quote, attributed to Roman philosopher Seneca, reminds us that we make our own luck. The difference between lucky and unlucky people, as we've seen before, is all in our perspective.
Luck isn't just about being at the right place at the right time. It's also about being ready for new opportunities.
It is important to your success in obtaining your cannabis license that you have already formed your Corporation, LLC or other business entity and have completed as many of the online application requirements before the City or County opens its application window.
The application window of time is short for the amount of information that Cities and Counties require.
The beauty of our firm's 2 phase process is that once your Business Formation is completed (15 business days) and California State regulatory Compliance (On-line Application) is completed as far as can be, without a designated premises, that part of the process is done.
More importantly, the process negates the need to pay rent until a suitable premises is located in the City or County permiting the license type you wish to apply for.
That means, no matter how many Cities or Counties you may apply for to be granted a local license or permit to operate your cannabis business, the Formation documents and State application requirements are the same. The only item to be completed is the City of County application requirements, which tend to follow the State's.
Phase 1 Forming a Corporation or LLC
This is the foundation of your cannabis business. Why, because your entire business model will rest upon your choice of business structure.
A basic business course teaches the main reason for forming a corporation or LLC is to limit the liability of the owners.
In a sole proprietorship or partnership, the owners are personally liable for the debts and liabilities of the business, and in many instances, creditors can go after their personal assets to collect business debts.
If a corporation or LLC is formed and operated properly, the owners can be protected from all such liability.
Once your corporation or LLC is formed, owners of the cannabis business will be named and issued stock or membership certificates to verify their ownership interests.
Phase 2 Apply for State and Local Jurisdiction (County or City) Licenses
Now that you have successfully formed your cannabis business, your are now ready to start the application process for your State and Local Jurisdiction (County or City) Licenses.
One of the first and most important questions asked for in the application is: WHO ARE THE OWNERS?
Our office has been proudly serving all Cities and Counties in California in the formation of cannabis businesses.
With more than 19 years business experience, our firms 2 phase process will put you ahead of the others.
More and more Counties and Cities are permitting cannabis businesses. Proper formation and operational procedures are the keys to successfully apply for and obtaining a permit/license to operate.
In addition to starting a cannabis business, our firm provides corporate compliance services to cannabis businesses who have already filed their articles of incorporation with the California Secretary of State's Office.
Proper compliance is critical for maintaining active status with the Secretary of State. If your cannabis business is in suspended status, it can no longer defend against court actions and even have its name taken.
Call (888)-828-2483 today to schedule a complimentary telephone consultation.