Forming A Limited Liability Company
Are you forming a limited liability company (LLC) in California? The business formation attorneys at the Law Office of Alec Harshey are here for you. Our lawyers can help you with the entity selection process and handle all of the paperwork required in forming an LLC. We provide experienced business law guidance to clients in Hemet, Temecula and throughout surrounding California communities.
Contact us today online or by telephone at 877-824-8147 to arrange a consultation with an experienced Hemet limited liability company attorney.
Key Advantages To Forming An LLC
Establishing an LLC can provide you with a number of significant advantages over establishing a different type of business entity:
- Limit your personal liability: An LLC is recognized as a separate entity, so owners are not personally liable for the business’s debts and liabilities.
- Avoid double taxation: While standard corporations must pay taxes on profits, and their shareholders must pay taxes on dividends, LLCs receive “pass-through” status, allowing profits to be taxed only once.
- Less paperwork and red tape: The paperwork and reporting requirements for establishing and running an LLC are significantly less burdensome than for other corporate entities.
Despite these advantages, an LLC is not the right entity for every business. Our attorneys will work with you personally to gain an understanding of your business goals so you can decide if forming an LLC is the right option for you, or whether organizing as a corporation would be better suited.
A key consideration of establishing an LLC is the operating agreement that spells out the roles and responsibilities of the member (co-owners). We make sure that your interests are protected in drafting or reviewing this important document.