So, you’ve started a business and want to form an LLC. You will need to know the California LLC requirements for forming this business entity. Before you begin, let’s define an LLC so you are clear on the definition.
LLC is short for limited liability company. Forming an LLC protects your business in case you are sued. An LLC can be owned by one or more people, each of whom is called an LLC member. An LLC with one LLC member is called a single-member LLC while an LLC with more than one owner is referred to as a multi-member LLC.
Email me at email@example.com to help you start your LLC registration today.
The main benefits associated with forming an LLC, including the following:
- Protects against lawsuits
- Cuts down on business documentation, when compared to incorporation
- Prevents double taxation
- Presents your company as being more credible
A large number of business owners like LLCs,