If you are an entrepreneur in the cannabis industry, you may have questions about what type of business entity you should be. Are you required to be a non-profit? Can you be a for profit business?
After the legalization of marijuana in California, businesses in this industry can elect to be a sole proprietor, an LLC, a C corporation, and S corporation, a partnership, a non-profit organization, a collective/cooperative, and possibly others.
Existing non-profits or collectives/cooperatives may want to change their business entity. Those without a business entity may be interested in forming a business entity.
The type of business entity that is right for you depends on a number of factors and circumstances. The attorneys at Weed Law, PC can discuss your options with you.