(833) 650-6844
Most business owners’ primary reason to form a business is to safeguard their personal assets by separating them from their business liabilities. When a corporation or LLC is properly formed and maintained, the business owner creates a shield from lawsuits that could otherwise adversely affect their personal assets such as their home, savings or even their car. While asset protection is the cornerstone reason for most business owners, there are numerous advantages to forming a California LLC or Corporation.
LLCs and Corporations provide these advantages
LLCs provide additional advantages such as:
It is important to note that when forming a California LLC or Corporation, the California Franchise Tax Board will require a minimum annual franchise tax of $800. Additionally, a Business License or Health Certificate may be required depending on the type of business and the location. It is always a good idea to consult with the local tax authority and your tax professional when starting a business in California. I can assist with forming your LLC. My services would include filing your formation paperwork with the California Secretary of State, obtaining your Federal Identification Number, drafting your Operating Agreement and Organizational Minutes and coordinating the filing of the first Statement of Information – my services would be $400 plus the costs of filing:
Filing Fee for certified Articles of Organization – $75
Over the Counter Fee – $15
Filing Fee for certified Statement of Information – $26
Optional Corporate Binder – $90
by Shari Alexander
916.899.1956