Could Your LLC Save on Taxes by Converting to an S Corp?

As an LLC owner, one of the things that you should think about is whether the business should remain an LLC, or whether your business would benefit from changing its corporate structure to something else, such as an S Corp. If you’re thinking of the disadvantages and advantages of changing the corporate structure of your [...]

Is an Officer of a Corporation An Employee?

► Business & Startups FAQs | Knowledge Base One of the top questions we get in the area of corporate governance is whether an officer of a corporation is an employee. Such a common question should have a very easy answer, right? So why is it so hard to get a straight answer on this? The [...]

Top Tax Savings Tips When Paying Yourself as a Business Owner

How Should You be Paying Yourself as a Business Owner to Reduce Your and Your Business's Overall Tax Obligations? Our Guide Breaks Down the Details  Probably the most frequent question that small business owners ask their lawyers and accountants is “how should I be paying myself as a business owner” in a way that will allow [...]

Does your Company Need to Obtain Foreign Qualification To Do Business in California?

Ken Lund / / CC BY-SA Many business owners form new business entities in states like Delaware or Nevada thinking that they will save taxes or fees by incorporating those states, even though they are doing business in California. The reality is that if a business is “doing business”  in California, such [...]

Can a Company Have Two Presidents?

One of the top questions we get from new business owners or established businesses making changes in management structure is whether a company can have two presidents. Although there is nothing technically barring a company from sharing the responsibilities of president between two people, there are legal and practical reasons why this is not always [...]

Can a California Corporation Do Business in Nevada to Save on Taxes or Fees?

Owners of a California corporation may wonder from time to time wonder whether it would be cheaper or save money on taxes or fees by doing business in Nevada instead of California. These days it seems easy to do business in any state or country in the world, but there are steps to take if you [...]

How to Reincorporate or Convert into a Delaware Corporation

Need Help Converting your Corporation to a Delaware Corporation? Check out our guide and $99 Complete Form Package Below. One of the top questions business owners and startups often ask is whether it makes sense to convert their non-Delaware corporation or LLC into a Delaware C Corporation.  Usually, this arises when venture capital or other [...]

Guide to Taxes for New California LLCs

Congratulations on your new business! As a new business-owner, you will be encountering a myriad of business, tax, and legal issues related to your new business. This sheet is intended to give you an overview of the tax matters that could apply to you.  This sheet is not and should not be considered legal advice, [...]

What is a Registered Agent and Why Does a Business Need One?

In California, all businesses must have a registered agent. A registered agent,  also known as a resident agent or statutory agent, is a business or individual designated to receive service of process when a business entity is a party in a legal action such as a lawsuit or summons. The registered agent is the person authorized [...]

Does a Single Owner Corporation, C, Corp, S Corp or LLC Need to Have Annual Meetings of Shareholders and Directors?

If your business is owned by a single person, and does not have multiple owners or shareholders, do not fret - the majority of small businesses are single-owner businesses. Many single-owner businesses wonder whether they need to comply with the annual meeting, notice, and filing requirements. The answer is generally yes. Complying with the annual [...]

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