Entity Formation & Compliance Consulting
The term corporation comes from the Latin corpus, which means body. A corporation or LLC is a body–it is a legal person in the eyes of the law. It can bring lawsuits, can buy and sell property, contract, be taxed, and even commit crimes. It’s most notable feature: a corporation or LLC protects its owners from personal liability for corporate/LLC debts and obligations–within limits.
It is true that operating as a corporation has its share of drawbacks in certain situations. For example, as a business owner, you would be responsible for additional record keeping requirements and administrative details. More important, in some cases, operating as a corporation can create an additional tax burden. This is the last thing a business owner needs, especially in the early stages of operation.
Remember, aside from tax reasons, the most common motivation for incurring the cost of setting up a corporation is the recognition that the shareholder is not legally liable for the actions of the corporation. This is because the corporation has its own separate existence wholly apart from those who run it. Some of our services include:
- LLC Formation
- S-Corp and C-Corp Formation
- Annual Minutes
- Statement of Information updates and filings
- Buy-Sell Agreements
Ask us how we can help advise you to incorporate your Santa Clara or Santa Cruz business – we know all the ins and outs!