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Do you want your business to be a limited liability company or a corporation?
LIMITED LIABILITY COMPANIES:
Limited Liability Companies (“LLCs”) have become very popular in recent years because of their flexibility and lack of complicated “corporate” formalities (e.g., the need to hold annual meetings, keep official “minutes,” etc.). LLCs exist as a hybrid between traditional corporations and partnerships. They combine the benefits of limited liability offered by the corporate model, with the ease and simplicity of a partnership. In California, LLCs are governed by the California Revised Uniform Limited Liability Company Act (California Corporations Code §17701.01, et seq.).
The very first step in the process of forming your new LLC is to file your Articles of Organization. EvoLaw will prepare and file your new LLC’s Articles based on the information you provide in the formation questionnaire, and once the Secretary of State processes your Articles, your new limited liability company will officially exist.
Corporations have been around for a very long time, and their primary benefit, at least in the eyes of the public, rests on the limited liability that the corporate form offers the shareholders.
If you decide to form a corporation, the very first step will be to file your Articles of Incorporation. EvoLaw will prepare and file your new corporation’s Articles based on the information you provide in the formation questionnaire, and once the Secretary of State processes your Articles, your new limited liability company will officially exist.
For information about how to choose the type of entity that’s best for you, visit EvoLaw’s Knowledge Base (“Should I form an LLC or a corporation?“).