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| Name | How to Start an LLC in California in 2023 |
| Video Uploader | Video From BetterLegal |
| Upload Date | This Video Uploaded At 21-01-2023 11:00:37 |
| Video Discription | In this video, we will show you how to start an LLC in California. Here's what we will cover: - The necessary filings and documents you need to open a bank account - What to do if you get rejected - State compliance you have to do on a regular basis - Tax election options once you have formed your LLC in the state *GET 50% OFF A CALIFORNIA LLC FILING* https://app2.betterlegal.com/formation?new=yes&type=LLC&state=California&c=YOUTUBECA *Step 1: California LLC Filing* - The first thing you need is called the "Articles of Organization." This is the filing you make with the state of California. It costs $90 and the turnaround time is roughly 2 business days. The effective date can be set up to 90 days in the future. *Name Selection* - You need to pick a unique name that doesn't match anybody else's. You can't use someone else's name or use the word "Incorporated" in the name of an LLC. *Registered Agent *- You need an in-state California address (not a PO Box) where you can accept mail in person from Monday through Friday, normal business hours (9-5). This is a requirement from the state of California and is public on the state's website. For privacy, you can use a third-party Registered Agent like BetterLegal. *Step 2: EIN* - An Employer Identification Number (EIN) is the social security number of your business. You need to file for it after you have received approval for your LLC from the state. *Step 3: Operating Agreement* - This is a legal document that outlines the rights and responsibilities of the managers and members of the LLC. It is important to have this document in place before opening a bank account or entering into any business dealings. *Step 4: State Compliance* - Once your LLC is approved, you need to file a Statement of Information every year on the anniversary month of your filing to keep your business active in the state of California. This costs $20 and is due on your anniversary month. *Step 5: Tax Election* - Once you have your LLC, you can elect to be an S Corp or C Corp either 75 days after formation or the first 75 days of every calendar year. Remember to always check with the state of California for the most up-to-date information on LLC formation and compliance requirements. It's also recommended to seek professional advice from a lawyer or accountant to ensure you are in compliance with all laws and regulations. |
| Category | Education |
| Tags | llc in california | start llc california | california llc formation | california llc | california llc operating agreement | california llc formation service | california llc name search | how to form an llc in california | california small business |
