Different Ways of Incorporating in California

Posted by Nabin Shaw on May 7th, 2018

Incorporating refers to the process of protecting someone’s personal assets from any action that might affect their business. This also gives value to the business since it makes it an incorporated business. Incorporation adds authenticity to the business. This makes the clients trust the business; moreover, other unincorporated options available. This is one of the best things to do in order to raise the business higher. 

California is one of the most popular states for incorporation. Hiring the best corporate lawyer is sure to give the business a smooth incorporation process. California offers several business growth opportunities for businesses.

 One significant advantage of enterprises in California's territory is the board adaptability – the state just requires three official position holders: president, CFO, and secretary. The taxes are also relatively low in California as compared to that of other parts of the country.

How a corporate lawyer can help incorporate a business in California

• Selecting a business name available

The lawyer will go through the list of rules and regulations laid out in California for selecting business names. Whatever business name the corporate has shall match the rules and regulations of the state. No name violating the rules and regulations of the place will be allowed to operate in California. The lawyer ensures that the business name is meeting all the required rules and regulations.

• Filing the California articles of incorporation

One of the most important things the lawyer does is to file the California articles of incorporation. Under this, the company acknowledges the rules and files to seek for incorporation. This is a long process that involves a lot of legal terms and conditions. This is one of the most important stages too.

• Creating company bylaws

The lawyer helps layout the bylaws of the company as per the request of the stakeholders. These bylaws state the nature of work and business structure. These bylaws are very important.

• Getting the FEIN and opening an incorporation bank account

The lawyer helps the company get a hold of the Federal Employer Identification Number as provided by the state. It is with this number that the business can then open a bank account as an incorporated entity. After getting the FEIN, it is important to open a bank account as an incorporated business.

• Getting a business license

The next step is to get a business license from the state. The lawyer helps the company get a business license from the state.

• Submitting the initial report of the business

The lawyer then prepares a 90-day report to submit to the state. This report includes the functioning and results of the business.

These are some of the simple steps that can get your business incorporated in California. A corporate lawyer makes the satire tedious process a rather simple and quick one. They also help ensure that all legal formalities are met and no legal loophole remains. Incorporating is extremely beneficial for businesses. It makes them stand on a higher authenticity ground compared to the rest.