Incorporation in California

Burlingame Incorporation Attorneys, CA

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California law allows a business to incorporate and be recognized as its own legal entity. After incorporation, buying and selling property, assenting to contracts and exercising legal rights are considered acts of the business itself and not its owners. In California, the process of incorporation is begun by filing with the Secretary of State in accordance with specific guidelines.

Benefits of Incorporation in California

An incorporated business enjoys certain benefits, the most important being a limit of liability for the shareholders. The most shareholders can lose is the amount they invest in the business. Had the business remained unincorporated, owners risk losing their personal property should the business become unable to pay its liabilities. A corporation also allows creditors in the Burlingame area to assess the credit worthiness of the business as a whole rather than that of its owners, allowing the business to receive loans more easily. Lastly, the ownership stake in a corporation can be apportioned into uniform slices, known as "shares" of stock. This makes it possible to sell ownership investments in more manageable slices.

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Life in Burlingame

Burlingame, California is a city in San Mateo County, California. It is located south of San Francisco, on the San Francisco Peninsula. It has a significant portion of shoreline on the San Francisco Bay. Its population is about 29,000 people.

Burlingame is unofficially nicknamed the "city of trees" because of the huge number of trees within the city limits (there are over 18,000 publicly-owned trees in Burlingame, California). Thanks to its close proximity to the San Francisco International Airport, many airlines and related companies do a large amount of business in Burlingame, California. 

Airlines employ a very large number of people, in a wide range of industries. These included administrative personnel, such as Burlingame, California lawyers.

So, if you live in Burlingame, California and are in need of legal advice, it's almost certain that there are attorneys in Burlingame, California who can assist you.

Costs of Incorporation

Along with a possible fee to file for incorporation in California, there are other costs that corporations incur. The most important is that a corporation is taxed as its own entity. The individual incomes of owners who are paid disbursements from the corporation's earnings are still taxed as well. This is called double taxation, but it can be avoided with proper planning and assistance from a local Burlingame lawyer.

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