- personal liability protection for shareholders (corporate owners),
- tax savings,
- possibilities for raising capital, and
- transferability of shares.
Corporations are required to perform certain formalities, such as
- hold annual meetings of shareholders and of a Board of Directors,
- keep detailed corporate records, including Minutes of the meetings,
- file with the Secretary of State annual Statements of Information or other similar reports.
To organize a corporation, please contact us. Our business formation services may be handled entirely online (skype or email) or by phone.
If requested, our company provides services as the registered agent for corporations which we have organized or to which we have provided other legal services.
(b) California Secretary of State requires each stock corporation to file a Statement of Information on an annual basis and to pay a $25 fee. Nonprofit corporations must file a Statement of Information every 2 years. If the Statement of Information is not filed or is filed untimely, the corporation may be required to pay a penalty or may become suspended. The Statement of Information for most corporations can be submitted to the Secretary of State online, using their online filing service. Statements of information submitted by mail can be mailed or delivered in person to the Sacramento Office of the California Secretary of State, but the processing time is longer.
Please contact us if you need help in preparation of the Resolutions / Minutes of the meetings or filing of the Statement of Information.
To dissolve a corporation, all taxes must be paid, all tax returns must be filed, all corporate creditors issues must be addressed, and the appropriate filings must be made with the California Secretary of State. The process of dissolution of the corporation may be commenced prior to completion of everything stated above. If you need our corporate dissolution services, please contact us and we will guide you through the necessary steps in winding up and dissolving the company.