Incorporation in California

Hawthorne Incorporation Attorneys, CA

Find the Right Lawyer Now

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

Advantages of incorporation are many. The primary benefit is that the liabilities of the business can only be satisfied by the assets specifically invested into the company by the owners. Had the business instead remained a collection of the owners' personal assets, the personal property of the stakeholders could be liquidated to pay the liabilities of the business, if it runs into financial problems. A corporation also allows creditors in the Hawthorne 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, 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.

Find a Hawthorne Lawyer that Specializes in Your Area of Need:

Incorporation Attorneys and Law Firms in the Largest CA Cities

Show California Cities

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 Hawthorne lawyer.

Find the Right Lawyer Now

Breach of Contract Lawyers in Other California Cities and Towns

Top Rated Lawyers

View attorney profiles and see how other LegalMatch users rate attorneys that may respond to your case.

Business - Transactional Lawyer
LegalMatch Business - Transactional Lawyer Eric F.

Eric F.

Middlesex, CT

Business - Transactional

Rating (3 users) *****
See Reviews
Business - Transactional Lawyer
LegalMatch Business - Transactional Lawyer Daniel S.

Daniel S.

Martin, FL

Business - Transactional

Rating (2 users) *****
See Reviews
Business - Transactional Lawyer
LegalMatch Business - Transactional Lawyer Russell (Russ) B.

Russell (Russ) B.

Van Buren, MI

Business - Transactional

Rating (1 users) *****
See Reviews
Business - Transactional Lawyer
LegalMatch Business - Transactional Lawyer Brian D.

Brian D.

Morrow, OH

Business - Transactional

Rating (5 users) ****
See Reviews

Need a Business Lawyer?

No obligation - Lawyers compete for your case. Choose your issue & get started now: