Set up a single member LLC or allocate rights to several owners and managers. All services include an Operating Agreement to comply with California legal requirements. We never distract you by upselling items you don’t need.
Learn how to form a Limited Liability Company in California and why filing the Secretary of States’ Articles of Organization is just the first step. California requires an Operating Agreement and adherence to numerous requirements for establishing legal protection to members.
This is how mandatory and optional provisions to California Articles of Organization and entering an Operating Agreement set up owner’s responsibilities. Profit shares and management rights should be defined in this agreement consistent with the member’s expectations.
Dividing profits among members of a Limited Liability Company is easier than with a corporation. Profits can be shared in any manner members choose. A member’s interest can be sold when agreed to in a written operating agreement.
Complying with regulations and abiding by its Operating Agreement will continue the LLCs life. Tax treatment, ease of regulatory compliance and flexibility of allocating profits are some of the reasons business startups choose to form an LLC versus a Corporation.
Limited Liability Company law regarding how to form an LLC. California replaced its LLC laws to be more in line with the rest of the country. This is the set of statutes governing Operating Agreement requirements; Annual filing fees and franchise taxes charged in California.