Step-by-Step Guide to Filing California LLC Articles of Organization by Mathew Auric When forming an LLC, you will need to complete and file Form LLC-1 with the Secretary of State. This article offers step-by-step instructions for completing and filing the Form. If you have any questions about Form LLC-1, or forming an LLC, please contact [...]
When should you choose a sole proprietorship?Although there is no hard and fast rule, if you are a new business and will be the only owner, I generally recommend that you do not form an LLC or Corporation but operate as a sole proprietorship. The main exception to this rule is if you have substantial assets [...]
Pros and Cons of an LLC The decision as to whether or not to organize as a Limited Liability Company, or LLC, is important. Some of the key pros and cons are described below, but you may want to consult an attorney to understand how they apply to your specific situation. PROS Protection of [...]
Should I elect S Corporation status? Many small business can save on taxes when operating as an S Corporation. My general rule of thumb is if you can pay yourself a reasonable salary from you company, and still have $20,000 of profits left to take as a distribution, an S corporation can save taxes for you Can [...]
Below is a checklist to help guide you through the process of forming an LLC in California. Click here to download an LLC Formation Checklist pdf that is substantially the same. Many of the items in this checklist have links to help you understand what is involved in each step. Please feel free to contact me if you need guidance [...]