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ADVERTISING By: Tamara B. Pow, Esq. If an LLC has two or more members, it is treated as a partnership for tax purposes unless it elects to be treated as a corporation. However, an LLC with only one member cannot be a partnership, so...
By: Tamara B. Pow, Esq. A California limited liability company (LLC) is formed by filing Articles of Organization (also known as Form LLC-1) with the California Secretary of State. A foreign business entity files a similar form (Form LLC-5) to register to do business...
By: Tamara B. Pow, Esq. Whether or not you form an LLC (limited liability company), insurance is always the first line of defense. Although an LLC may protect your personal assets from liabilities of the business (subject to some exceptions – see my earlier...
By: Tamara B. Pow, Esq. The next blog in my series on FAQs for LLCs focuses on personal assets. If you form an LLC, are your personal assets protected from liabilities? Simply because you form an LLC (limited liability company) does not mean your...
By: Tamara B. Pow, Esq. As discussed in my last blog, many business owners are looking at forming LLCs as a result of the new tax act. In addition to any potential tax breaks, there are some other advantages to forming a limited liability...
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