Annual Meetings

While the time / date of the annual meeting can vary form year-to-year you should follow the time frame as shown in Section 7 of your Operating Agreement. Follow this link for more information

IRA Investment Issues

Accessing your retirement funds can be a great way to grow your retirement nest egg. Alternative investment strategies can increase your plan substantially. If you are not comfortable / knowledgeable with a specific investment or strategy, you would be wise to learn the ins and outs using some other source of funds. Retirement funds are […]

Do you need a DBA?

Doing Business As or DBA is also known as a fictitious business name in some states. Most commonly used by individuals presenting themselves as a business. Think of “George” operating a mobile car wash – with the business name “Sparkle Clean Wash”. This helps with marketing and helps his clients identify him and his service. […]

Shares – why do you have them?

For Corporations, shares designate ownership and the number issued to each individual gives the % ownership. Some shares can be left in treasury un-issued; but if not issued in some states like DE it may affect the annual fee. You should talk to your CPA about the effect in the state of formation. For LLCs, […]

SIC and NAICS codes

Some states require an industry standard number to be assigned to your company after it is established. The codes do not match business types exactly and you have to make a judgement as the category in which your business should be “tagged”. The official list is maintained here. For example, searching for Rental indicates that […]

Filing Dates for California Form FTB 3522

Every LLC that is doing business in California or that has articles of organization accepted or a certificate of registration issued by the SOS is subject to the $800 annual tax. The tax must be paid for each taxable year until a certificate of cancellation of registration or of articles of organization is filed with […]