File New Corp or LLC
Filing New Corp or LLC
A limited liability company (LLC) blends partnership and corporate structures. You can form an LLC to run a business or to hold assets. The owners of an LLC are members. LLCs protects its members against personal liabilities.
An LLC will be either:
California and federal tax purposes.
An LLC will be either:
- A disregarded entity (for federal purposes), if it has only one member
-Single member limited liability company (SMLLC) - A partnership, if it has more than one owner
-Limited liability partnership
-Limited liability limited partnership
-Series limited liability company - An LLC being taxed as a corporation
California and federal tax purposes.
Notice
Every LLC that is doing business or organized in California must pay an annual tax of $800.
WANTING TO START YOUR BUSINESS?
WHAT DO I NEED FOR TRANSPORTATION/ LIMO BUSiNESS?
WHAT TYPE OF CORP?
INC, LLC S-CORP, OR JUST A SOLE PROPRIETORSHIP
HOW TO START MY TCP?
CALL FOR AN APPOINTMENT AND DISCUSS YOUR FIRST STEP. (310) 417-9002
LLC
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- Flexible, offers liability protection, great for new businesses
- Unlimited number of members allowed
- Separate legal entity, filing required with the state
C Corporation
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- Great if you plan to go public or international
- Unlimited number of shareholders allowed
- Separate legal entity, filing required with the state
S Corporation
- The choice of smaller corporations
- Up to 100 shareholders allowed
- Separate legal entity, filing required with the state
Sole Proprietorship
- Easy, but a bit risky. Best to file for a DBA
- One owner; no filing requirement