To conduct business activities in California, you need to be familiar with the business corporation laws of the state. This is because the business corporation laws of California are different from those of the other states of the USA. For example, if your corporation is already registered in another state and you also want it to be registered in California, you will have to make a filing fee to the California Secretary of State. Again, even if your corporation is registered in another state, but is not doing business there, you will still have to pay franchise taxes to the state of California to work there. This means that you will be subject to double taxation. You also need to keep in mind that apart from corporate law, the corporate security laws in California also differ from those of the other states.
To form a corporation in California, you’ll need to draft the Articles of Incorporation. For this, you’ll have to give details such as the name of your business company, office address, and the name of a registered agent. Next, you will have to present your document to the California Secretary of State, Corporations Division, which will then process your application. Once your document is found to be in order, your business will be incorporated as a limited liability company.
Besides this, you may also include the Articles of Organization, Articles of Amendment and also the Articles of Dissolution in your incorporation document. The office of the Secretary also allows you to opt for Foreign Qualification, which means that you can do business with any organization outside the state of California.
You have the option of choosing the name of your California business corporation, which once approved will be reserved as exclusively yours. It must however be noted that the State of California has its own rules in respect of naming a corporation. Your corporation name should have some corporate indicator such as Inc., Corp., Incorporated, or Corporation.
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Creating A California Corporation
10 August 2010 8:30 PM |
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A Limited Liability Corporation, commonly referred to as LLC, is a company that combines features of a corporation with a partnership-type business structure. The owners are referred to as members and not partners or shareholders. To create a corporation in California, individuals need to be...
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California Department Of Corporations
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You need to get your company registered in California in order to conduct business in the state. For this, the California Department of Corporations receives your application or documents and examines them especially in respect to the formation of the Articles of Incorporation. Besides other...
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Limited LiabilityCompany Corporations
10 August 2010 8:30 PM |
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A limited liablity company (LLC) is a legal form of company offering limited liability to its members. In a LLC, all members are protected from personal liability in case of business debts and claims and this feature is known as “limited liability.” This means that...
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Delaware Corporations
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Delaware corporations are corporations that have their charter in the state of Delaware. Delaware has long been known to be a corporate-friendly state, and its long tradition of successfully applying corporate law allows it to score over rival states even though other states too are...
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Pros And Cons Of Nevada Corporations
10 August 2010 8:30 PM |
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Businesses can be incorporated in any state in the U.S. Nevada and Delaware are the most commonly preferred states for incorporation. Incorporating in Nevada has unbeatable benefits. Many business owners and entrepreneurs prefer to utilize the services of professional Nevada corporation planners, who are specialized...
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Articles Of Incorporation
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An article of incorporation is a legal document that establishes the structure and purpose of a corporation. It is submitted to a regulatory authority. Sometimes it is also called a ‘Certificate of Incorporation.’ Articles of incorporation generally include information about the name of the incorporator...
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Forming Nevada Corporations
10 August 2010 8:30 PM |
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In order to form a Nevada corporation, a real presence of the corporation must be established in the state. If the business that incorporates is not dealt with like a Nevada corporation, the benefits can never be reaped. A Nevada corporation is considered an entity...
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Comparing Nevada And Delaware Corporations
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Delaware and Nevada are two states that are tax havens and are very business-friendly. Naturally, businesses weigh the option of incorporating either in Nevada or in Delaware. Delaware has long been the base for many American industries. The chemical company DuPont is an example of...
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Laws on Forming an LLC
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Limited liability companies are easier to form than corporations, but you should follow certain guidelines to make the LLC a legal reality. First you should choose a name for your LLC, which should comply with the rules of your state’s LLC division. Your state’s LLC...
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Nevada Corporation FAQs
10 August 2010 8:30 PM |
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Many business owners opt to incorporate their business to protect themselves and the business from unanticipated losses and liabilities. Both small as well as large businesses can be incorporated. It is possible to incorporate businesses in any state in the United States, regardless of where...