Without the liability protection of a separate business entity, all of your personal assets are subject to unlimited lawsuit exposure. We form your entity correctly — the first time.
Limited liability companies, or LLCs, have become very popular because they combine the personal liability protection of a corporation with the tax benefits and simplicity of a partnership. In addition, they are more flexible and require less on-going paperwork than corporations. We can help you quickly and easily set up a new LLC, or convert an existing business into an LLC.
While the LLC is often preferred over the corporation, most businesses requiring a professional license — real estate broker, medical doctor, accountancy firm — may not be organized as an LLC under California law. These professions may utilize the corporation. Due to recent changes, the Contractors State License Board has finally given approval for the licensing of LLCs, as well as Corporations, to act as general contractors.
Total LLC cost is typically $1,695, which includes costs of $265.
Guidance from a licensed California attorney on entity type, tax treatment, and ownership structure.
Preliminary name search and reservation with the Secretary of State.
Preparation and filing of your Articles of Organization.
Drafted around your members, not a generic form — with member buy-sell provisions.
Preparation and filing of the initial Statement of Information (Form LLC-12).
Acquisition of the LLC's federal Employer Identification Number.
Quitclaim, grant deed, or assignment to transfer your property into the LLC.
Beneficial Ownership Information (BOI) filing for federal reporting compliance.
Customized binder with ownership certificates and the LLC seal.
Total S-Corp cost is typically $1,895, which includes costs of $310. Professional Law, Medical, and Accountancy Corporations involve additional work including carefully drafted bylaws, and must be licensed through the State Bar, State Medical Board, or Board of Accountancy.
Entity selection, tax election (S-Corp), and ownership structure tailored to your business.
Preliminary name search and reservation with the Secretary of State.
Preparation and filing of Articles of Incorporation.
Custom bylaws and initial corporate minutes & resolutions.
Preparation of the initial Statement of Information.
Acquisition of the corporation's EIN.
Timely S-Corp election for pass-through tax treatment where favorable.
Beneficial Ownership Information (BOI) compliance filing.
Customized binder, stock certificates, and corporate seal.
If desired, this firm can act as your company's registered agent for service of process. As required by law, a registered agent relays service of process, legal notices, and state mandates to your company. The registered agent must reside in California.
The name of the agent and agent's physical address becomes public information. By appointing Attorney Michael Elson and this firm's office address, you gain additional privacy and the benefits of a third-party registered agent for your Corporation or LLC.
The fee for this service is $125 annually. Please call or email for more information.
Online filing services owe no duty to make sure your LLC or corporation is formed correctly. We do.
