Incorporation and LLC Formation
Without the liability protection of a separate business entity, all of your personal assets are subject to unlimited lawsuit exposure.
Limited liability companies, or LLCs, have become very popular because they combine the personal liability protection of a corporation with the tax benefits and simplicity of a partnership. In addition, they're more flexible and require less on-going paperwork than corporations. We can help you quickly and easily set up a new LLC, or convert an existing business into an LLC.
If there are few or no employees in the business, the LLC is generally preferred over the corporation. However, any business requiring a professional license, such as a real estate broker, medical doctor, or general contractor, may not be organized as an LLC under California law. These professions however, may utilize the corporation. In many cases, a subchapter S-corporation, which receives pass-through tax treatment, is preferred over a C-corporation.
LLC FORMATION INCLUDES:
- Ongoing Attorney Consultation & Guidance
- Preliminary Name Search and Reservation
- Preparation and Filing of Articles of Organization
- Custom Drafted Operating Agreement
- Member Buy-Sell Provisions
- Preparation and Filing of Statement of Information
- Acquisition of Federal Taxpayer ID Number (EIN)
- Drafting of Quitclaim, Grant Deed, or Assignment (To Transfer Your Property into the LLC)
- Customized Executive LLC Binder
- Ownership Certificates
- Corporate (LLC) Seal
- Typically Form California LLC in 10 business days
Total LLC cost is typically $1195, which includes attorney fees of $990 and costs of $205
LLC Frequently Asked Questions
INCORPORATION INCLUDES:
- Ongoing Attorney Consultation & Guidance
- Preliminary Name Search and Reservation
- Preparation and Filing of Articles of Incorporation
- Custom Bylaws and Initial Corporate Minutes & Resolutions
- Preparation and Filing of Statement of Information
- Acquisition of Federal Taxpayer ID Number (EIN)
- S-Corporation Election & Filing
- Drafting of Deed or Assignments (if applicable)
- Customized Executive Corporate Binder
- Stock Certificates
- Corporate Seal
Total S-Corp cost is typically $1230, which includes attorney fee of $990 and costs of $240