What is an LLC?

Hermosa Beach LLC Attorneys, CA

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The Limited Liability Company, or LLC, is a legal form of business organization that offers the advantages of several other traditional structures. Like a sole proprietorship or partnership, an LLC is not taxed as its own entity. However, it still has the advantage of limited liability, the same as a corporation. An LLC can also have an unlimited amount of shareholders, like a corporation. However, the LLC is dissolved if one of those members dies or files for bankruptcy. For hundreds of years, limited liability has been a primary goal of some business forms, but since the California legislature enacted laws authorizing its formation, the modern LLC has become more and more popular.

Can My Business Be Formed as an LLC?

California allows a company to incorporate using the business form it chooses. To begin as an LLC, a company simply files the necessary form with the Secretary of State. However, there may be an additional fee required for forming your LLC, determined by California laws that govern the formation and actions of LLC's. In deciding whether you should organize as an LLC, you should consider carefully the applicable laws. Finding the right business structure for your company can lead to increased profits, but the process may take some time.

Can I Change the Form of My Business to an LLC?

Businesses in Hermosa Beach may sometimes change form. A company is eligible for conversion to an LLC if its situation falls under circumstances that are detailed by California law.

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Life in Hermosa Beach

Hermosa Beach is a city located in Los Angeles County, California.  It has a population of about 19,000 and is known for its wonderful climate and beautiful beachfront location.  It is home to many celebrities such as Carson Daly and Jimmy Kimmel due to its location and excellent residential homes.

The entire city of Hermosa Beach, California is marked by the beach culture.  The beach area is perfect for beach recreational activities like surfing, paddleboarding, beach volleyball, and sunbathing.  Sea breezes help to keep the region remarkably clear of smog and pollutants.  The city holds many yearly events, the majority of which revolve around the beach scene.  Some of these events include Shakespeare by the Sea, the International Surf Festival, and the Hermosa Ironman triathlon.  Hermosa Beach also hosts the Hermosa Beach Film Festival, with screenings of short films held at the Hermosa Beach Playhouse.

Pier Avenue one of Hermosa Beach's main areas for dining, shopping, and night life.  The Hermosa Beach Pier can be found at the end of Pier Avenue.  Other places to visit in Hermosa Beach, California include Cypress Park, Fort Lots-o-Fun, and the city's skateboard park. 

Lawyers in Hermosa Beach, California represent clients in a diverse range of legal topics.  Hermosa Beach lawyers can provide much guidance and assistance when it comes to answering legal questions or representing clients in court.

How Can an Attorney Help?

A lawyer versed in California business law will be able to advise you of the benefits and costs for forming and maintaining a LLC.

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