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New California Bill Changes Business Entity Naming Guidelines
Previously in California (CA), if you were looking to register a business in the state and the CA Secretary of State (SOS) determined that your company name was too similar to that of an existing Entity the existing laws allowed the applicant to obtain written consent to use a similar name from the existing Entity …
If you are planning on forming a new company or have just formed one you will most likely need an Employer Identification Number (EIN).
What kind of company would you like to start?
The “standard” type of corporation. Can have an unlimited number of owners who are provided with limited liability protection. Popular form of entity for companies looking for funding from venture capitalists.
S-Corporations are C-Corporations that have elected S-Corp Status with Federal and State tax agencies. Provides flow-through taxation to the shareholders but limits the number of shareholders.
The Limited Liability Company is a newer form of business entity that offers limited liability protection. Can be taxed as a Partnership, Corporation or have flow-through taxation to the members.