Are you incorporating in California? If so discover how to do it in the fastest, most efficient way possible.
Incorporating in CA doesn’t have to be a long, complicated process. Keep reading for the tips that can help you get set up quickly and efficiently. Once your new business is off the ground, you are free to focus on developing your products and services.
Get to Know Your CA Incorporation Choices
There are various incorporation options from which to choose. Some are available only to certain business owners. Others will find they have more than one option from which to choose. The IRS states the most common incorporations are a sole proprietorship, partnership, corporation, and S-corporation. You can also incorporate as an LLC (Limited Liability Company).
Naturally, there are pros and cons to each option. Your incorporation choice will determine which tax forms you need to file. It will also determine the paperwork you need to turn in for your business.
Get to Know Your Incorporation Responsibilities
Incorporation responsibilities vary depending on the business structure you choose. Sole proprietorship businesses don’t require extensive maintenance. This business structure is ideal for busy business owners who don’t want to spend lots of time dealing with paperwork. However, you shouldn’t automatically incorporate as a sole proprietorship because it looks easy. In some cases, becoming an LLC or another type of business is your best choice.
Once you have decided on your business type, you need to get to know the rules and requirements. In some cases, you will need to pay a yearly fee or file paperwork on an ongoing basis. Know what you are getting into and write important dates on your calendar, so you don’t forget about them.
Know When Incorporating in California Makes Sense
Some want to incorporate a business before they quit working for a current employer. Such individuals figure they should have a company up and running before quitting a day job. However, it’s always better to quit work before starting your own company.
Incorporating your business before quitting work could cause problems with your current employer. In some instances, you could even face legal issues. It’s best to stop one job before taking on another job.
Avoid Doing It Online
Incorporating online sounds easy and efficient, but this isn’t the case. In fact, many business owners who incorporate online regret doing so later on. Why? Here are some reasons:
- Legal problems can arise because you aren’t working with an experienced professional.
- It often takes longer than you expect and the service offered won’t meet your needs.
- You won’t get the personalized counsel you need to make smart incorporation decisions.
Choose the Right Financial Company to Work with When Incorporation
Are you incorporating in CA? If so, get help from a reliable, experienced company that knows the ins and outs of the process. Incompass has nearly 30 years of experience in this field. Our experts are familiar with the pros and cons of all the incorporation options. We offer a personalized assessment to each of our customers. Our business financial experts will go over your business plans and goals, explain your choices and help you make the one that best suits your needs.
Get in touch with our team at Incompass to learn more about our services or to schedule an appointment at your convenience. We specialize in helping small business owners make wise, well-informed incorporation choices, and help them through the process of incorporating in California.