How to Form an LLC in California for a Small Business or Nonprofit
Recently I was asked to assist with forming a new LLC in California. After some thought, I decided to tackle the project. It turns out it was not as difficult as anticipated. This could be due to the fact that I have made several changes to my LLC and have managed others’ LLC over the years. The article
I found explained simply how to form an LLC in California (it should be basically the same process for others states
) by Christoper Carter
on eHow.com. It is clear and concise and that is why I decided to mention it to you. I hope it helps. If you still need assistance or want to have someone else form the LLC on your behalf give me call at (323) 778-2109 PST.
You’ll have to complete some paperwork to get your LLC status.
An LLC Defined
A California Limited Liability Company (LLC) acts as a separate legal
entity from the owners (members) of the business or nonprofit organization. In addition, members of a California LLC have limited liability from debts and obligations that arise in the course of conducting business. As a condition of forming an LLC in California, the appropriate documents must be filed with the state. California LLCs also must obtain the appropriate permits and licenses to legally operate. For nonprofits tax exemption is achievable, you just have to file additional paper work with the state and the Franchise Tax Board.
Legally Organizing Your Business Before You Open Your Doors
Instructions: How to Form an LLC in 7 Steps
- Select a name.
- File articles of organization with the California Secretary of State’s office.
- File a statement of information with the California Secretary of State’s office.
- Create a written operating agreement to be kept at the business.
- Apply for an employer identification number (EIN).
- Register for California taxes with the State of California Franchise Tax Board.
- Obtain the necessary licenses and permits.
I know this may seem to over simplified but really it is not. Give it a try and let me know what you think.
Wishing you much success.
WANT TO USE THIS IN YOUR BLOG, E-ZINE OR WEBSITE? You can, as long as you include this complete tag with it: Lorne S. Wellington has a BA and MBA. She has been consulting and advising businesses and nonprofit organizations for over 12 years. In addition, she created a nonprofit in 1997 and today she owns Sculpted Silhouette, a lingerie boutique in Los Angeles. Her clients are located in the USA, Italy and South Africa. She has worked with a food manufacturing company, several retailers, an international aid organization, a bed and breakfast and a multi media company.