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SpinDistribute.com Article Directory

The following article was published in our article directory on August 18, 2012.
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Step by Step Guide to Setting Up California LLC

Article Category: Legal

Author Name: John Pena

There are a couple of things you need to get done when you are working to set up California incorporation. One of the very first things you have to do is come up with the name of the enterprise. To ensure that no existing business holds a similar label, you have to check with the records that the California Secretary of State holds. After which, you have to identify the board of directors for the California LLC. Once these are taken care of, you need to move on with the next steps including addressing the following requirements.

One, you have to formally declare you intention of forming the incorporation. This has to be done at the office of California's Secretary of State. During this step, the articles of California incorporation have to be properly reported. This should include the company name, the business address, the incorporators, objective of the enterprise as well as the identification of the board of directors. To complete the registration process, you have to cover the fee that may amount to $100.

Two, you should prepare and submit the corporation's bylaws. The statement of information for the application for California LLC should include all the details involved in running the corporation. It shall contain the definition or roles and responsibilities for each of the offices as well as the size of the board and other important information. There are no specific rules abiding the content of the corporation's bylaws. But you have to make sure it contains all the necessary pieces of information about the corporation.

Three, you have to submit a similar report or statement of information to the Secretary of State. It should also include the address or the named board of directors and everyone in the upper management team. Other critical information that needs to be reported includes the Agent for Service of Process and the like.

Four, after completing the necessary paperwork then you have to set up a meeting where the matters of appointment, stocks and taxes will be discussed. The corporate officers will have to be properly appointed and the bylaws of the corporation duly approved. The stocks will have to go through proper authorization with the fiscal year set. The stock certification form has to be finalized and here is when the designated bank will be chosen too. These among other organizational matters will have to be finalized.

The final step in setting up California incorporation involves determining tax and other requirements for regulating the corporation. You will then need to obtain an EIN or Employer Identification Number. This shall be requested from the IRA and from the state itself. This in case you will be rendering a payment of $100 to the majority of your workers for a given quarter.

Once these steps have been completed, you can then proceed in opening a savings account. Your EIN may come in handy in this process including a copy of the articles of incorporation and the resolution indicating the official signees of the California LLC enterprise.

Keywords: california llc, california incorporation

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