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Corporate & Entity Formation
We at Business Law Inc. have extensive experience with forming business entities and will help and assist you in forming your business entity. Please contact us for further information regarding the right entity choice for your business.
Form An LLC
Why Form a LLC?
Protect your personal assets:
Forming a Limited Liability Company, “LLC”, is another way for business owners to protect their personal assets. Like shareholders of a corporation, all LLC owners are protected from personal liability for business debts and claims.
Tax advantages:
Unlike a corporation, an LLC is not considered separate from its owners for tax purposes. LLCs are treated as “pass-through” entities meaning that LLCs can avoid double taxation since business income pass through the business to the LLC members, who report their share of profits or losses on their individual income tax return. The LLC itself does not pay taxes. However, LLCs can choose to be treated like a corporation for tax purposes; as a C corporation or an S corporation.
Flexibility:
LLCs provide with greater flexibility in management and organization of the company. Members can enjoy the benefits of pass-through taxation while having the ability to divide ownership and voting rights in unconventional ways.
Recommendations:
LLCs are especially beneficial for real estate investors as it is one of the best means for holding real estate and other assets. Also, LLCs are recommended when conducting business with other entities (such as corporations, LLCs, trusts, estates) as investors.
Privacy:
If you don’t want your involvement to be public knowledge then form a corporation or an LLC. Shareholders identity can remain confidential in a corporation or an LLC.
Ready to form your LLC?
Click here to purchase a LLC formation package online or call us at 1.858.695.9900 for assistance
What State to Choose?
What State to Choose?
Laws and fees governing LLCs can vary from state to state. You are able to choose which state you want to form your business in. However, it is usually more cost-effective and simple to form a LLC in the state you conduct business in. If you choose to set up the LLC in another state than the state you conduct business in, the LLC may be subject to taxation in both states.
However, setting up the company in other states, such as Delaware and Nevada, may have substantial benefits for your business. We can help you decide if a Nevada, Delaware or California LLC is the best choice for your business.
Delaware
More than 695,000 businesses have their legal home in Delaware. Delaware is recognized to have the most advanced and flexible business formation statute in the nation. The business friendly government along with the customer service process documents and requests much faster than other states. Furthermore, Delaware offer other advantages such as low annual franchise taxes and no state corporate income tax for LLCs that operate outside of Delaware.
Nevada
With its privacy and liability protection status, more and more businesses are choosing Nevada to form their business in. Nevada allows for a higher level of privacy for a business and its owner’s personal information is not public record, allowing anyone that forms a Nevada LLC complete anonymity. Furthermore, Nevada offers great tax advantages. There is no corporate income tax, no taxes on corporate shares, no franchise tax, no personal income tax and nominal annual fees.
Our LLC Package
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