Incorporation in California

Find the right Business Incorporation attorney in Tustin, CA

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. 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 specific 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. If the business had remained a personal asset of the owners, they could run the risk of losing their personal property to pay for the company's financial liabilities in case of default. A corporation might also find it easier to finance itself through loans, allowing creditors in the Tustin area to evaluate their investment by assessing the corporation rather than the individual credit-worthiness of its owners. Finally, a corporations charter requires that ownership be divided into stakes or "shares" of stock, all of equal size. This makes the process of transferring control much more practical.

Costs of Incorporation

There are costs associated with incorporation, both short and long term. First, businesses in California might be charged a fee to incorporate. Also, a corporation is taxed as its own entity. The individual incomes of owners who are paid disbursements from the corporation's earnings are still taxed as well. This is called double taxation, but it may be avoided with proper planning and assistance from a local Tustin lawyer.

Talk to a Business Law Attorney now!

Life in Tustin

Tustin, California is a thriving community in Orange County near Los Angeles. Tustin has a suburban character and is home to a population of about 76,000 people. The city has been listed in Forbes Magazine as one of the top 25 places to live in America. This may be largely due to Tustin's top 10% ranking in terms of per capita, as well as the city's short commuting distance to other areas in Los Angeles.

The city of Tustin, California is also known for its rich availability of economic and employment opportunities. Top employers in the area include ABM Industries, Lineage Power, and Rockwell Collins. The health care industry also supports much of Tustin's economy. Many Tustin residents also work in the surrounding cities and enjoy a short commute to other major areas.

Visitors to Tustin can look forward to an abundance of attractions and events. Places like the Market Place and Jamestown Village Center provide excellent shopping in an old town-style setting. The Tustin Sports Park and Columbus Tustin Activity Center are venues for many sports and recreation events. Local gatherings include Old Town Art Walk, and the "Halloween Howl" festival. Overall, Tustin California is an ideal location for leisure and residence.

Lawyers in Tustin, California assist the community by providing a wide range of legal services. Tustin lawyers are available to assist clients at the Superior Court of California, County of Orange. The court processes a variety of claims, many of them involving the specific ordinances and statutes in Tustin.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Howard B.
Howard B.

Business - Litigation

Rye Brook, NY

Mark B.
Mark B.

Business - Litigation

Roseland, NJ

David A.
David A.

Business - Litigation

Walnut Creek, CA