State of California
Advantages to register an LLC in California
The main advantages of incorporating in California are lawsuit protection, credibility, tax savings, deductible employee benefits, anonymity, and the simplicity of raising capital. By creating a separate legal entity for personal protection purposes, a California corporation has a broad range of powers beyond that of the standard sole proprietorship such as small claims court benefits, separate liability for corporate debts, and best of all perpetual duration. When you incorporate in California you create a separate legal individual.
If you register company California LLC you will receive protection from personal liability for things like lawsuits and other financial claims against the company. In an LLC, you do not issue stocks to raise funds or revenue for capital investment. Instead, members are issued interest certificates that reflect the amount or share of their investment in the company. An LLC is run by the members, and the power vested in these members is determined by the percentage of ownership. You can register an LLC by filing with the office of the Secretary of State. In most cases, this process is simple and takes as little as a couple of days to complete. It’s a good idea to consult with an attorney or other financial adviser before filing for this status. You may want to weigh the alternatives to determine which business structure meets the needs of your business, your customers and your partners.
Register company California LLC
Here are the main advantages to register in California:
No requirement of an annual general meeting for shareholders.
No loss of power to a board of directors.
Much less administrative paperwork and recordkeeping than a corporation.
Company formation in California
If you want to incorporate or form an LLC in California, we can help you form your new company with the California Secretary of State.
Incorporating LLC in California
Incorporation in California is a fairly easy process but the number of legal issues to consider can make the execution of each stage in the process extremely complex.
Every business owner should incorporate their business, since there are more advantages then drawbacks. Incorporating your company is certainly a good answer to protect yourself from those business lawsuits that come around so often. Another problem most of the California businessmen generally experience is ever-increasing taxes. The majority of new businesses seeking liability protection organize as corporations, but limited liability companies (LLCs) are gaining favor. Real estate companies and investment funds are more likely to form as LLCs or limited partnerships, than as corporations. Some other companies elect to become LLCs because the corporate governance is easier. The downside to LLC’s is that they are a rather new concept (sort of a hybrid between partnerships and corporations). Because of their relative newness sometimes the legal uncertainties involving them can be a serious disadvantage. We can help you decide the most appropriate legal structure for your business.
Registering LLC in California
Form an LLC in California
A Limited Liability Company (LLC) combines the tax flexibility of a partnership with the limited liability of a corporation. Our customers form LLCs more often than corporations, typically to protect their personal assets and avoid the “double taxation” of a corporation on shareholder dividends. Each member (owner) of an LLC reports their share of profit and loss in the company on their individual tax return.
A California Limited Liability Company (LLC) is a legal form of Business Company offering limited liability to its owners. It is similar to a corporation, and is often a more flexible form of ownership, especially suitable for smaller companies with a limited number of owners. Unlike a regular corporation, a limited liability corporation with one member may be treated as a disregarded entity, so the member is often singled-out as a person performing the actions of the LLC.
A California Limited Liability corporation with multiple members may choose, generally at the time that the new entity applies for a EIN number, to be treated for U.S. federal taxation purposes as a partnership, as a C Corporation, or as an S Corporation.
California Limited Liability Company combines the best of corporations and partnerships, because the Limited Liability Company offers its members protection from individual liability and, like a limited partnership, allows others to become a member only if the other members unanimously agree.
The California LLC Formation is governed by its regulations called an operating agreement. Limited Liability Company (LLC) regulations are a hybrid between corporate bylaws and a partnership agreement. The California Limited Liability Company is further distinguished from the corporation in that it is not generally required to have annual meetings unless otherwise stated in the operating agreement.
LLC’s classified as partnerships or disregarded entities are subject to an $800 annual tax if they are doing business in California, or the California Secretary of State accepts their articles of organization or certificate of registration. The annual tax is pre-paid for the privilege of doing business in California and is due on the 15th day of the fourth month after the beginning of the taxable year.
Our California LLC package
Our California Limited Liability Company (LLC) package includes:
- Preliminary name check & reservation of your business name;
- Preparation and filing of your Articles of Organization for a California LLC;
- Statement of Information for the filed California LLC;
- Certificate of Status (good standing);
- LLC Operating Agreement;
- Documents filed in 5 to 8 business days.
Articles of Organization
Statement of information
Certificate of status (good standing)
Our company licensing services
— What we do and do not do
Our company is EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly licensed with local Regulators and Financial Authorities to get respective official licenses to legally carry out their cryptocurrency or financial related business activities.
TBA & Associates Tax Business Advisors does not provide or carry out any sort of Cryptocurrency or Financial services!
Disclaimer: While TBA & Associates strives to make the information on this website as timely and accurate as possible, the information itself is for reference purposes only. You should not substitute the information provided in this article for competent legal advice. Feel free to contact TBA Customer Services for advice on your specific cases.