What is an LLC?

Find the right LLC attorney in Ontario, CA

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. LLC's, like corporations, can also have as many shareholders, or members, as desired. The LLC, however, is dissolved if one of those members files for bankruptcy or dies. Various forms of limited liability companies have been around for hundreds years, but the modern LLC, like the legislature enacted in California, became more popular in the past several decades.

Can My Business Be Formed as an LLC?

The right business form is a decision left up to each business that openes in California. An LLC is started simply by filing the appropriate 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 Ontario 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.

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.

Talk to a Business Law Attorney now!

Life in Ontario

Ontario, California is a city in San Bernardino County. Its current population is about 170,000 people.

For thousands of years, the area now known as Ontario was a hunting and foraging ground for the semi-nomadic Tongva band of Native Americans. People of European descent arrived when Mexican settlers began populating the area.

Ontario's early economic growth was fueled by agriculture, and tourism by wealthy Californians, who viewed the area as a health resort, and it is still a destination for people who enjoy a warm, dry climate, either for recreation or retirement.

During and after World War Two, Ontario, and many other suburbs, experienced a housing boom, thanks to the explosion of industrial activity, which significantly increased the population. Modernly, there is still some manufacturing activity in Ontario, California, which is an important part of its economy.

Owing to its diversity and relatively large population, a thriving legal community has sprung up in Ontario. Ontario, California lawyers are as diverse as the community itself, and virtually every imaginable practice area is represented. If you need legal advice or representation, an Ontario, California lawyer is a good person to ask.

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