LIMITED LIABILITY COMPANY FAQs! There are many questions that face a business owner of a limited liability company (LLC). From formation to maintaining the business formalities with the Secretary of State and to paying taxes (both federal and state!) – there are too many questions to ask if you own a business. The issues are …
Attention Business Owners: Statement Of Information All California LLCs have a requirement to submit a Statement of Information (SOI) with the Secretary of State. The SOI provides the State with all the updates of the company’s activities. In California, an SOI must file every 2 years. The first SOI however must be filed within 90 …
Business Law Tip: Limited Liability Company (LLC) Forming a Limited Liability Company (also known as an LLC) is not mandatory to start your business. There are other cheaper and easier options to choose from. However, if you are serious about your business, forming an LLC should be one of the first tasks on your agenda. …
Why Form A Business Entity? The main reason to form a business is to earn profit. Whether you operate as your own business or as a company or corporation or any other formal legal entity, the same reason applies – earn money. However, the law offers various protections when forming a business. The informed business …
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