Incorporation in California

Livermore Incorporation Attorneys, CA

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California law allows a business to incorporate and be identified as its own legal entity. After incorporation, buying and selling property, agreeing 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 certain guidelines.

Benefits of Incorporation in California

Benefits 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 remained unincorporated, owners risk losing their personal property should the business become unable to fulfill its liabilities. Furthermore, banks in the Livermore area prefer to evaluate the credit worthiness of a business as a whole rather than that of individual owners. This makes the process of getting corporate loans simpler. Finally, a corporation's ownership stake is divided into equal slices or "shares" of stock, which make investments in the business much easier to transfer.

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Life in Livermore

Livermore, California is a city in Alameda County. Its population is about 81,000 people. Livermore is located in the Eastern outskirts of the San Francisco Bay Area, and is generally considered to be on the border between the Bay Area and Central Valley.

Livermore, California's history of human habitation dates back several thousand years, with the Ohlone tribe of Native Americans inhabiting the area for centuries before the arrival of Europeans. The first European settlements of the Livermore area arrived in the 1770s, when the Spanish established a strong military and missionary presence in the area. After the discovery of gold in California, Livermore became a popular "first day" stopping point for prospectors arriving via San Francisco. 

Modernly, Livermore, California is home of the Lawrence Livermore National Laboratory, which, in association with the University of California system and the Department of Energy, carries out cutting-edge scientific research, particularly in the area of nuclear energy.

This facility, besides employing large numbers of engineers and scientists, also employ several attorneys who handle things like employee relations and intellectual property.

If you need a lawyer in Livermore, California, for whatever reason, it's very likely that there's a Livermore, California attorney who can help you with whatever legal problems you might be facing.

Costs of Incorporation

Along with a possible fee to apply 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 the owners are still taxed also, and this can mean the same income is taxed twice, known as double taxation. With proper planning and assistance from a local Livermore lawyer, you can avoid this disadvantage.

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