MoorePark Enterprises Logo

Nonprofit Corporation

What Does “LLC” Stand For?

The abbreviation “LLC” stands for limited liability company. The name refers to one of the primary benefits of this business entity type—LLCs allow business owners to keep their personal assets separate from those of the company. This effectively limits their own liability when it comes to company debts and responsibilities.

What is an LLC?

what is an LLC

In the United States, a limited liability company is a business entity type that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation, creating the best of both worlds for business owners. LLCs have rapidly become one of the most popular business structures for new and small businesses, largely because they are considered to be simpler and more flexible than a corporation.

When you form an LLC, your business becomes its own legal entity, with separate debts and legal matters. However, LLCs are still tied to your personal taxes.

SCHEDULE A CONSULTATION

Included in all packages:

  •  Verify Company Name Availability
  •  Preparation & Filing of Articles
  •  Next Business Day Processing
  •  Expedited 4-hour and 24-hour processing available
  •  Registered Agent (1st Year FREE)
  •  90-day Statement of Information Filing
  •  Fictitious Business Name Filing (if required)
  •  Customer Support
  •  Access to Incorporation Documents
  •  All California State Filing Fees Included

Important California Filing Requirements

Statement of Information

Frequency: Biennially
Due Date: During six-month period ending on last day of anniversary month of incorporation or qualification.
Filing Fee: $20
Important:  The initial Statement of Information filing is due within 90 days of the entity formation date.

California Franchise Tax

Frequency:  Annually
Franchise Tax Fee:  $800 (minimum)
$800 payment for the LLC Franchise Tax is due by 15th day of the 4th month after your LLC is filed. The month your LLC is filed counts as Month 1, regardless if you file on the 1st of the month, the last of the month, or any day of the month, really. This means that if you were to file your LLC on March 22nd, then you must pay the $800 fee no later than June 15th (in this example, March is Month 1, April is Month 2, May is Month 3, and June is Month 4). Then, every year after your first payment $800 LLC Franchise Tax will be due by April 15th. You pay the $800 LLC Franchise Tax using Form 3522 called the LLC Tax Voucher.
(We do not assist in the filing of the Franchise Tax Report)

Our Services Include:

California Incorporation Filing (LLC/Nonprofit/S/C)
California Corporation Name Search
FEIN Registrations
Franchise Tax Board Registration
California Attorney General Registration Filing
Corporation Compliance Filings
Fictitious Business Name Statements
Business License Assistance

In Partnership with WorkFlow Lounge, we offer:
Virtual Office Business Address
Business Telephone Service
Shared Coworking Space Membership options

We are located inside WorkFlow Lounge

Website hosted, designed and maintained by
InfoPrincess Graphics
916-304-2881