STEPS FOR FORMING A LIMITED LIABILITY COMPANY (LLC)

1. Choose a name and register it

2. Choose a registered agent

3. Prepare an LLC Operating Agreement

4. File LLC Articles of Organization

5. Get an EIN and bank account

6. Obtain business licenses and permits

7. Get tax advice and file any required forms

And for those considering forming an LLC in California, under legislation passed in 2020, the $800 in annual California franchise taxes is waived for the first year for LLCs formed between Jan. 1, 2021 and Dec. 31, 2023. So now might be an opportune time to form the LLC you've been thinking about! Nicolai Law Firm pc assists clients in forming LLCs, S-Corps, and other business and corporate entities. Please do not hesitate to contact us.

*** Information contained in this Memo is intended for informational and educational purposes only and does not constitute legal advice or opinion, nor is it a substitute for the professional judgment of an attorney. It is likely considered advertising. ***