California Corporate Legal Guides (10 found)

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Robin Mashal
Written by Robin Mashal
Contributor Level 7

There are numerous articles addressing the advantages of incorporating your business. I would like to point out some disadvantages of incorporating a business under certain circumstances under California law.
Jon Mitchell Jackson
Written by Jon Mitchell Jackson
Contributor Level 6

A "C Corporation" (or simply a Corporation) is considered by law to be a unique entity separate from those that own it...
Jon Mitchell Jackson
Written by Jon Mitchell Jackson
Contributor Level 6

A subchapter "S" Corporation, also called an S Corporation, is a corporation that once incorporated, elects a special tax status...
Jon Mitchell Jackson
Written by Jon Mitchell Jackson
Contributor Level 6

A corporation is a particular form of business created according to the laws of a specific state or country...
Jon Mitchell Jackson
Written by Jon Mitchell Jackson
Contributor Level 6

Generally speaking, the corporate veil is a legal shield protecting owners, operators, management, employees and shareholders from personal liability.
Tamara Lynn Harper
Written by Tamara Lynn Harper
Contributor Level 5

To become an S corporation, an "S election" is filed with the IRS under IRC §1362. The election has the effect of making the corporation a pass-through entity for federal tax purposes, but does not change the nature of the entity as a corporation for state law purposes.
Tamara Lynn Harper
Written by Tamara Lynn Harper
Contributor Level 5

It is not true that a corporate entity is fully formed with the filing of the Articles of Incorporation. There are formation requirements and annual requirements that are commonly referred to as corporate governance. Reaching through the corporate entity to attach personal assets may occur.
Tamara Lynn Harper
Written by Tamara Lynn Harper
Contributor Level 5

Myth: My corporate records book is not necessary. I filed the Articles, why bother with anything else? The reason for forming a corporate entity in the first place is to have the liability protection if the corporation is sued and so that the corporation can sue in its own name.
Jon Mitchell Jackson
Written by Jon Mitchell Jackson
Contributor Level 6

A Family Limited Partnership (FLP) is an entity, like a corporation. It is used to protect assets and keep them in the family. A certificate is filed with state authorities to bring the Partnership into existence. The Partnership has distinct identity and tax identification number. It can own assets
Tamara Lynn Harper
Written by Tamara Lynn Harper
Contributor Level 5

When a new corporate entity is formed, it must be capitalized, or a value contributed to it by each shareholder, member, or partner depending upon the type of entity created.

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