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Re: Forming a LLC in California

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My basic understanding is that you have two options when forming a firm, a
corporation or a partnership. In a corporation you have to pay corporate
tax of approx 30% of profits, but if it goes bust the owners are not liable
for any more than their investment in the company. In a partnership, you
don't pay corporate tax, but the owners are liable for more than their
investment in the company.

ml


                                                                           
             Amehrabi(--nospam--at)aol.com                                              
                                                                           
             01/06/2005 01:39                                           To 
             AM                        seaint(--nospam--at)seaint.org                   
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             <seaint(--nospam--at)seaint.or         Forming a LLC in California         
                    g>                                                     
                                                                           
                                                                           
                                                                           
                                                                           
                                                                           




Colleagues,

I was wondering if any of you ever formed a LLC (Limited Liability Company)
in California.  Perhaps you can share some of your experiences.  This can
be in any aspects of forming a LLC, after formation, taxation, etc.

Thanks,

Ali Mehrabian, Ph.D., M.ASCE
West Coast Research Institute
1233 Amherst Ave., Suite 105
Los Angeles, CA 90025
Phone: (310) 612-6661


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