Our Orange County business law attorneys are experienced in the creation and ongoing advisement of California Limited Liability Companies. The Law Offices of Bradley S. Erdosi represents California Limited Liability Companies in all stages of the business. We can assist your
commencing in the pre-formation stage, through in all stages of the corporate existence, including the inception and formation of the corporation. After the corporation is formed, our attorneys advise corporations on day-to-day matters related to the ongoing operation and compliance issues. Whether you need advice regarding the formation of your corporation, yearly minutes, or a buy-sell agreement, you can count on the Law Offices of Bradley S. Erdosi to assist you step-by-step.
Minimum Annual Tax. California Law imposes a minimum annual tax on all Limited Liability Companies registered to do business in the state of California. This tax is also imposed on .
Gross Receipts Tax. In addition to the minimum annual tax imposed, a Limited Liability Company is assessed an additional tax based on the gross receipts of the Company. This tax, known as the Gross Receipts Tax, is imposed by California Revenue and Taxation Code section 17942. This tax is based on the total income from all sources derived from or attributable to the State of California.
Management Structure of LLC. A California Limited Liability Company may be either "member managed" or "manager managed". When an LLC is member-managed, all owners of the LLC have authority to make decisions on behalf of the LLC. Conversely, an LLC that is manager-managed designates one or more persons to assume management and decision making responsibilities on behalf of the LLC. In this circumstance, the manager does not have to be a member of the LLC.
Starting an LLC
A California Limited Liability Company is commenced by the filing of Articles of Organization with the California Secretary of State's office. Our Orange County business lawyers will be happy to assist you in properly forming your LLC in California.
Prior to filing the Articles of Organization, it should be determined whether or not the proposed corporate name is available. A search may be done though the California Secretary of State's website.