What is an LLC?
The Limited Liability Company, or LLC, is a legal form of business organization that offers the benefits 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 benefit of limited liability, the same as a corporation. An LLC can also have an endless 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 main 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?
A business in California can be organized using the form that it chooses. If the founders want to organize as an LLC, all that is necessary is filing the appropriate form with the Secretary of State. However, there can 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 may lead to increased profits, but the process may take some time.
Can I Change the Form of My Business to an LLC?
Businesses in La Habra might sometimes change form. A company is eligible for conversion to an LLC if its situation falls under circumstances that are detailed by California law.
Find a La Habra Lawyer that Specializes in Your Area of Need:
LLC Attorneys and Law Firms in the Largest CA Cities
Life in La HabraLa Habra is located in Orange County, California. The city has a lot of history to it because in the 1800s, the area was seen as a natural path to the north. Spanish explorers discovered the area, and Mariano Reyes Roldan was granted the lan. Later, Abel Stearns purchased the land from him. Therefore, many La Habra residents pride themselves over the rich history associated with their properties.
Famous residents include Rusty Anderson, Natalie Golda, Cathy Cooper, Richard Nixon, Ann Meyers, Jenna Haze, Jennifer Hanson, Anne Ramsay, and Norma Zimmer. It is not hard to believe that so many well-known people would want to own property in such a beautiful, history-rich area.
Being in Orange County, La Habra is a short drive away from beautiful beaches, many quaint downtown areas with great shopping and dining, and gorgeous properties to admire and/or live in. The wonderful weather of Orange County is an added plus.
Residents also have the luxury of having top-notch firms with excellent attorneys near by. Orange County is home to many firms of all sizes, that practice in all areas of law, and attract and train some of the nation's most brilliant legal minds. Therefore La Habra residents have no tension for any legal need of theirs can be handled well by the legal force in Orange County.
How Can an Attorney Help?
The decision of whether to form or convert to a LLC is best considered with the advice of local lawyers practicing business law in California.