What is an LLC?

Find the right LLC attorney in Yorba Linda, CA

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. Also like corporations, LLC's may have as many shareholders, or members, as it likes. Unlike a corporation however, the death or bankruptcy of one of the members will dissolve the LLC. Different 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?

In California, a business can be formed using the form that it chooses. Opening an LLC just requires that the business founders file a form with the Secretary of State. There can be a fee required for opening your LLC, however. Applicable California laws govern the formation of LLC's and their actions. These laws should certainly help you decide whether to organize as an LLC. The business structure that is appropriate for your business might take some effort to find, but finding the right business form can reward you with increased profitability.

Can I Change the Form of My Business to an LLC?

Businesses in Yorba Linda may change their forms in specific circumstances. Whether a business may convert to a LLC or not is determined by California law.

How Can an Attorney Help?

Lawyers practicing business law in California can advise you on whether it would be favorable for your business to form or convert to a LLC.

Talk to a Business Law Attorney now!

Life in Yorba Linda

Yorba Linda is a suburb within the beautiful Orange County, California. It is home to approximately 62,234 people. It is well-known because Richard Nixon was born there! Therefore, a popular site to visit is the Richard Nixon Presidential Library and Museum. Yorba Linda has been ranked as twenty-one amongst the best places in the United States to live in. CNN Money reported that it was one of the most affluent areas in the United States, because the median income was ,000.

Other famous residents include Sabrina Bryan, Steven Lenhart, Ashley Edner, Alli Mauzey, Chris Pontius, Danielle Fishel, Jim Edmonds, Dan Kennedy, and Bengie Molina.

Orange County is home to many law firms of all sizes, with very competent attorneys. Therefore residents of Yorba Linda have no problem finding the best lawyer to handle their legal issues.

All in all Yorba Linda is a wonderful place to live in with great people, a well-educated, affluent population, and beautiful beaches around. It is easily understandable why this area has been picked as one of the best places to live in the United States!

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