Incorporation in California

Costa Mesa 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 particular 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. Without incorporation, the personal property of business owners is at stake should the company become unable to satisfy its debts. A corporation may also find it easier to finance itself through loans, allowing creditors in the Costa Mesa area to evaluate their investment by assessing the corporation rather than the individual credit-worthiness of its owners. Lastly, a corporations charter requires that ownership be divided into stakes or "shares" of stock, all of equal size. This makes the process of transferring control much more practical.

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Life in Costa Mesa

Costa Mesa, California is a city in Orange County. Its population is currently 110,000 people.

Costa Mesa, California was founded in 1953. It was primarily a rural community at its founding, and it gradually transitioned into a suburban "edge" community with a strong economy based on commerce, retail, and light manufacturing.

The largest commercial center in Costa Mesa is the South Coast Plaza, a shopping center of over 300 stores. It is known for its unique architecture and large size. Consumers spend well over 1 billion dollars per year, providing a major driving force of Costa Mesa's economy. The owners of the shopping center typically need legal representation when negotiating and finalizing lease agreements with tenants. The owners, as well as prospective tenants, employ or retain large numbers of Costa Mesa, California attorneys.

If you need to find legal advice in Costa Mesa, California, you should start by seeking out a qualified attorney in Costa Mesa. A Costa Mesa lawyer can probably help you with whatever legal issue you may be facing.

Costs of Incorporation

There are costs associated with incorporation, both short and long term. First, businesses in California may be charged a fee to incorporate. Also, a corporation is taxed as its own entity. Disbursements to the owners of the corporation are also taxed as individual income, so this means earnings may be taxed twice. But this double taxation can be avoided with proper planning and help from a local Costa Mesa lawyer.

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