Last Friday I was the speaker for the Central Orange County Chapter of Fore Networking at Mile Square Park Golf Course in Fountain Valley, California. My topic was “Maintaining Your Corporate Books.” While there are advantages and disadvantages to each business structure (sole proprietor, limited liability company, corporation), a popular benefit of forming a corporation…
Category Archives: LLC
Bringing in Partners to your LLC
So you’ve had your head in the game for a couple of years and now looking to bring in another partner. One of my favorite daily websites to read is INC.com, and a reader recently wrote in asking about expanding their LLC by bringing in another partner. Be sure to consider whether you want to bring…
You Need Money? I Have Some Money For Ya’. Oh, and Some Tax Breaks.
I recently wrote about Why You Should Start Your Own Business Now, and fellow business attorney Joseph Dang has written an article in the San Diego Business Examiner about starting a business during a recession. If that isn’t enough for you, President Obama has promised to thaw the credit markets to help small businesses, including…
Picking a Business Structure
Entrepreneur.com has an article titled “The Basics of Business Structure“, where author Michael Spadaccini explains the differences between the various types of business structures and advantages and disadvantages. Professional Corporations If you a professional (e.g. doctor, lawyer, engineer, etc) and are interested in forming a corporation, you must file for a professional corporation; you cannot…
Why Should I Pay You To File For My Corporation When the Other Guy Does It for Less?
Businesses are always looking to cut costs, and with the economy the way it is, certainly you should spend your money wisely when starting a new company. Over the years, there have been a slew of “Document Filing” companies like MyCorporation and LegalZoom that will draft legal forms for you, such as filing for a…
CA is Cracking Down – Make Sure Your LLC Is Compliant
Over the past few weeks I’ve been writing about how you can manage your LLC. Now, LA Times is reporting that the State of California is now cracking down on LLCs that have not been compliant in its forms and paying taxes and fees. According to the article, LLCs face suspension if: – they didn’t…
California Limited Liability Annual Tax for 2009
For those of you preparing your taxes for 2008, please remember that if you maintain an LLC, then you have to pay the annual LLC tax for 2009 on April 15, 2009. From the Franchise Tax Board Instructions for Form 3522 LLC Tax Voucher: Who Must Pay the Annual LLC Tax Every LLC that is…