llc incorporation by bestman

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									              Incorporation/LLC Comparison & Procedure
Incorporation
     Name Search
     Name Registration - $10 Filing Fee
     Articles of Incorporation - $100 Filing Fee
     Registered Agent - $100 to $200/year
     1st Year Measured Rate State Tax
     2nd Year $800 Min. State Tax on 4/15/09
     Limited Liability (Corporation is its own entity)
     Double Tax (Corporate and Personal, expect sub-section S)
     Stock (Raise capital)
     Bylaws
     Obtain state and local licenses and/or permits (EIN, Re-sellers Permit)
     DBA (Fictitious Bus. Name)
     More bookkeeping and paperwork than a LLC

Limited Liability Company
     Name Search
     Name Registration - $10 Filing Fee
     Articles of Organization - $70 Filing Fee
     Registered Agent - $100 to $200/year
     1st Year Measured Rate State Tax on 4/15/09
     2nd Year $800 Min. State Tax (unless taxed as Corporation)
     Limited Liability (LLC is its own entity)
     Members Taxed Individually
     LLC Formation Agreement
     Obtain state and local licenses and/or permits (EIN, Re-sellers Permit)
     DBA (Fictitious Bus. Name)
     Less bookkeeping and paperwork than a Corporation

Procedural Steps
1.  Name Check (1 day)
2.  Name Reservation (1-3 weeks)
3.  File Article of Incorporation/Organization (8 to 12 weeks)
4.  Bylaws/Formation Agreement - review and modify
5.  Obtain licensing/permits, etc. (EIN; re-sellers permit; business tax license; fictitious
    business name statement)
6. Open/modify banking/investment/insurance records
7. Select/Order corporate seal, stock certificates
8. Complete and file "Statement by Domestic Stock Corporation"
9. Transfer assets and debts and notify stakeholders (business associates, creditors, etc.)
10. Secure tax advise from accountant/bookkeeper
11. Perform corporate function (bylaws, hold organizational meeting, chose fiscal year)


       1006 Vine Street, Paso Robles, CA 93446 • 716 E. Grand Avenue, Arroyo Grande, CA 93420
       Paso Robles (805) 237-7770 • Arroyo Grande (805) 481-5551 • Santa Maria (805) 928-8222
 I am not an attorney. I can only provide self-help services at your specific direction. SLO LDA #208 Exp. 01.23.10
                             Fax # (805) 237-7775 • www.WeHelpYouLegal.com

								
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