Limited Liability Company
How to organize a limited liability company?
Our lawyers in Orange County, California, will be able to help you to form an LLC. We provide fast, reliable, and reasonably priced LLC formation services. Please contact us to get started.
How is LLC different from a corporation?
Limited Liability Company does not have many of the corporate formalities. For example, in California,
- an LLC is not required to keep detailed records or to have annual meetings of the owners,
- an LLC needs to file a Statement of Information only once every two years.
Taxation of these two forms of business differs significantly. Members of an LLC can choose to be taxed either as a corporation or as a “pass-through” entity (where income or loss of the company is passed directly to owners.)