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I want to start a company as an Limited Liability, but how do I go about doing this.
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Business Transactions Attorney serving Los Angeles, CA
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Doland & Fraade
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Mr. Boss gives an very good answer, which I will not repeat.
You also need to issue Membership Interests and file the appropriate papers with the Commissioner of Corporations. If you will have any "investors" or "partners" you should also have a Buy-Sell Agreement since there is no public market for your securities if one Member dies, becomes disabled, or wishes to retire.
Finally, I thoroughly endorse the comments about putting together a team of a CPA, an attorney, and an insurance agent to assist you on matters before they arise and after they arise.
Answered on Dec 12th, 2012 at 12:13 PM
Real Estate Attorney serving San Diego, CA
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Shaun K. Boss, Esq.
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An LLC is started by filing Articles of Organization with the California Secretary of State. The forms are available online at the Secretary of State's website. You will also need to file a Statement of Information after you have formed the LLC. Most LLCs also have an "Operating Agreement" which describes the operation of the LLCs internal governance. You should probably consult with both a lawyer and accountant before setting up an LLC, as there are pitfalls for the unwary. Good luck.
Answered on Dec 10th, 2012 at 12:13 PM
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There are any number of ways to do this, but the best way is to consult with an attorney who can make sure that this really is the best form of organization for your business and who can make sure everything is handled correctly. He can also assist you in making sure that you understand what liabilities you are protected from and which you are not protected from, and how to operate your business in order to preserve these protections.
Answered on Dec 09th, 2012 at 9:47 AM