Incorporation versus Limited Liability Company
Incorporating has been around since the USA was founded, whereas Limited Liability Companies, LLCs, have only been around since 1979. The first State with an LLC was Wyoming in 1979. California has allowed LLCs since 1995 which is a relatively short time. Therefore, many laws for LLCs have not been reviewed by the Courts and many decisions are based upon corporation law in California.
If you are looking to start a domestic limited liability company and are wondering ‘What is a corporation busin…
When forming a domestic Limited Liability Company you might decide to look into the trademark process. Trademark rights are established based on usage, not registration. It’s important to understand that you don’t select a brand, name, or mark and then own the trademark. Instead you must check to see if your name or brand is available before spending money by marketing the name and building its value.
In this article we cover the steps required for the trademark registration process, such as ho…
What's an Employer Identification Number and Why do I need one?
If you are considering starting a professional corporation in California, you might have seen the term employer identification number or EIN. You might be wondering what an employer identification number is and why do I need one.
This is particularly important if you have decided to start a new business and form the business yourself. You will want to ensure you understand everything you need to do for the incorporation process.
This article will help explain this term and why you might need a…
Making law simple
You have decided to form a new business and have your plans in place. The next important step is to form a corporation, but what are your options? You could go to a business formation lawyer, but the fees are typically over $1500.00. This is going to place significant pressure on your start-up funds.
Alternatively, you could go to an online paralegal to file your business legal documents but this can still be costly. You could have to pay $500 to $1000 for online legal services which is only a …