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Aug 03
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I have been asked about LLCs and Estate Planning. An LLC is a limited liability company. It is a way to set up your business that reduces your personal liability for any business activities that take place.
In order to set up your business as an LLC, you must first file a certificate with California’s Secretary of State – stating the name, address and name of its registered agent who is responsible for accepting legal and tax documents on behalf of the company.
An LLC is an easy way to start a business and keep it going, and has become the business organization of choice for small closely held businesses. It provides tax advantages to transfer assets from one generation to another while keeping control until death.
If you own a small business and are interested in making it a limited liability corporation, contact an experienced Riverside Estate Planning attorney who will show you how to incorporate your business into your Estate Planning.