California limited liability company operating agreements would appear to be a simple topic at first glance. Alas, one should never underestimate the ability of the drafters of laws in California to make errors and overcomplicate the issue at hand. In this post, we explore the necessity of operating agreements for California limited liability companies and the different types of agreements. [Read more…] about California Limited Liability Company Operating Agreements
Business Entity Information
Whether you run a business online or off, a business entity is something you need to seriously consider forming to protect yourself. In this section, you can find business entity information on corporations, limited liability companies, partnerships and more. Planning is very important when pursuing one of these business entities.
Promoters tout the limited liability company as an excellent entity choice for new and small businesses given the flexibility associated with the structure. While generally true, flexibility also creates traps for the unwary. One such pitfall concerns the operating agreement. Why is an operating agreement important? Let’s take a look.
Operating Agreement Lies
“Form an LLC! LLCs are perfect for your new business!
You don’t even need an operating agreement in most states!” [Read more…] about Why Is An Operating Agreement Important?
You’ve decided to start a business. Congratulations. Perform a bit of research, and you will quickly realize the need for a business entity. The question then becomes, who do you use for the job? Welcome to the fundamental question of LegalZoom vs attorney when it comes to legal services.
Legal Zoom vs. Lawyers
Given that I am an Internet attorney, you are undoubtedly expecting a diatribe about why the LegalZooms of the world are the ultimate evil of all evils. Many of my peers would undoubtedly take this position, but the question misses the point. The service provided by an attorney versus an online incorporation service is really a matter of apples and oranges. [For this article, “incorporation” will refer to both corporations and LLCs.] [Read more…] about LegalZoom vs Attorney – Who Do You Use To Incorporate?
Considering starting a business in California and are unclear on the state costs associated with doing so? This California corporation and LLC taxes and fee guide should help clarify the state requirements in this arena.
The problem faced by every person considering starting a business is what type of business entity you should select and, just as importantly, what are the fees and taxes associated with the different options? Get it right, and you can limit the amount you pay each year. Get it wrong and tax season can be far more painful than it needs to be. [Read more…] about California Corporation and LLC Taxes and Fees Guide
The California single member LLC is perhaps one of the more infuriating entities for people to understand. In this article, we take a look at a unique version of the company – the California husband and wife single member LLC.
If a husband and wife create an LLC, does California LLC law consider it a single member LLC or a multi-member LLC? This simple question gives rise to a host of conflicting opinions on the web. Much of this is put down to the fact each state has its own laws governing the business entity. In truth, the real issue boils down to taxes. [Read more…] about California Husband and Wife Single Member LLC Issues