…creditor rights. California LLC’s can be member-managed or manager-managed. In a California member-managed LLC, the members manage the company by membership voting. In a California manager-managed LLC, members appoint one…
…estate LLC that you create. You can get around this by forming a “master” or “holding” LLC. This master LLC will then own each of the other LLCs that you…
…This is true for both single-member LLC and multi-member LLC’s. Similar to a corporation’s bylaws, your LLC’s operating agreement specifies, amongst other things: Who owns your LLC Management of your…
…names and addresses of each of your LLC’s members. 5. Draft an Operating Agreement for your LLC An operating agreement is a document used by LLC’s to explain the rules…
…real property can enjoy the protection of an LLC liability shield while avoiding the double-taxation of some corporate business structures. Drawbacks of a Real Estate LLC While an LLC may…
…an LLC are other LLCs, the fee is based on total income not included in the fee calculation of another LLC. In theory, this should avoid a circumstance where LLC…
Do you have a suspended California LLC? A California LLC loses all of its legal rights when it is suspended. Theoretically, this means that your company must shut down completely…
…The Purpose of your LLC: Section 2 requires information on the purpose behind why you are setting up an LLC. If you are using the LLC-1 form listed above, then…
In recent years, limited liability companies (LLC’s) have enjoyed significant gains in popularity. As the business structure of choice for numerous startups, the standard LLC serves to protect corporate assets…
…brought by an individual because of something that occurred on the property. Should I have an LLC or just buy insurance? While the formation of a limited liability company (“LLC”)…
1. What is a California LLC? A California LLC is a business entity that can limit the liability of its owners. People that can emulate the tax and ownership characteristics of other entities, such as a sole proprietorship, partnership, or corporation. Owners are called members and each member holds a membership interest based on
Unless you’re selling insurance or dispensing a licensed professional service, there’s a way to establish a business that protects your personal assets while avoiding the red tape involved with launching a corporation. It’s the California Limited Liability Corporation, also known as a California LLC! Here is what you will need to know to form a
Every single day, more of our activities become digital and take with them huge reams of personal data that can easily be exploited for profit and influence by those with the willingness and inclination to cross ethical boundaries. Cyber Security is the system of protecting that personal data that is kept digitally.
You may have heard that entering into a dental partnership is like entering into a marriage…. Unfortunately, it is not… It is harder. Both are gigantic commitments that change the course of ones life. They both require trust, respect, and communication. They both require a same philospohy on spending and saving money. The truth, however,
