As a California resident, you are free to register the LLC for your online business in any state. Entrepreneurs should take into account factors such as the size of their business, the market for their product or service, and future goals prior to selecting the state of incorporation. Startups and large corporations have traditionally preferred Delaware to register their LLC since Delaware law provides businesses greater flexibility in their corporate structure and stock options. In recent years Texas has emerged as an attractive alternative to California for startups as well.
“Look at this! This is a blatant copy of our design and product!”
If you are wondering how many shares to authorize upon formation, then you are in the right article. What will happen when the shares are authorized? Read below and understand the principles of shared stocks.
People often wonder whether they can form an LLC in a state they don’t live in. The answer is yes. Companies have flexibility when choosing where to establish their domicile.
All corporations that are incorporated in Delaware must do the following on an annual basis: file an Annual Report and pay an annual franchise tax. More information on both the Annual Report and the franchise tax may be found on the State of Delaware website: https://corp.delaware.gov/frtax.shtml. Both the Annual Report and the annual franchise tax are due by March 1st of each year.
A registered agent is a responsible third party who is registered in the state where your business entity is formed. The registered agent may be an individual or a business entity and is designated to receive service or process (notice of legal action) on behalf of your company. Some states, like Delaware, require you to have a registered agent at the time of formation and maintain one during the life of the company.
What is the difference between a C-Corp, S-Corp, and LLC? The three types of entities advantages and disadvantages are examined here.
Read and understand what you need to know when setting up an LLC and see if it’s more beneficial over starting up with a corporation.
WHEN should you incorporate? The answer is actually also tied to WHY you should incorporate. If your idea is just an idea and you’re happy with keeping it that way with no plans for turning it into a business, then there may not be any need to incorporate at all.