Incorporation in California

Find the right Business Incorporation attorney in Santa Clara, CA

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. The office of the Secretary of State is the agency that receives applications for incorporation in California, and they must be completed in conformity with particular guidelines.

Benefits of Incorporation in California

Certain benefits inure to a business in California that has incorporated over one that has not. First, a corporation's liabilities can never go beyond the amount invested in the business by the owners. Without incorporation, the personal property of business owners is at stake should the company become unable to satisfy its debts. Furthermore, a business that has not incorporated puts the unnecessary burden on creditors in the Santa Clara area to evaluate the credit worthiness of individual owners rather than that of the business, making loans more cumbersome. Finally, the ownership of a corporation is divided into an abundance of equal portions or "shares" of stock. Without this mechanism, transferring ownership of a business would be impractical.

Costs of Incorporation

Incorporation can be costly. First, a modest filing fee may be charged in California for any business that wants to incorporate. Also, a corporation is taxed as its own entity. In other words, the profits a corporation makes are now taxed separately, while any disbursements to shareholders are taxed as individual income. This is called double taxation. However, a business may avoid this disadvantage with proper planning and assistance from a local Santa Clara lawyer.

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Life in Santa Clara

Santa Clara, California is located in Santa Clara County in the heart of the Silicon Valley. Many advanced technology and semi-conductor companies are headquartered in the city, including Intel, McAfee, Applied Materials, and Agilent Technologies. Sun Microsystems and Oracle are also major employers in the area. The city of Santa Clara owns and operates its own electric utility facility called Silicon Valley Power. As a result, electricity rates are considerably cheaper in Santa Clara.

Aside from its central role in the Silicon Valley semiconductor boom, Santa Clara, California is home to a diverse array of facilities. Buck Shaw Stadium is located in the city, and is home to the Major League Soccer team the San Jose Earthquakes. The San Francisco 49ers holds practices in Santa Clara and is also headquartered there. Great America, a popular amusement park in the Bay Area, is also located in Santa Clara. The city also hosts a number of outdoor events such as the Art Wine Festival in September and Concerts in the Park.

Santa Clara is a major city for lawyers and attorneys, as the Santa Clara County Courthouse maintains a branch in the city. Many lawyers in Santa Clara, California received their legal education at Santa Clara School of Law. Santa Clara lawyers are available to assist clients in a diverse range of legal fields.

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