Business Entity Setup
We Help you Secure & Protect your Dream Business
The first step in establishing your business is to pick the correct business entity for you. Depending on your type of business and industry, our brokers personalize better protection and tax saving opportunities. Plus, look forward to legally registering your business name! Check out the three (3) most popular business entities below. As a corporate agent of service in California and licensed tax professionals, our staff will ensure a solid foundation for your business.
Types of Entities
Reviews from our Business Services Customers.
FAQs for Business Entity Setup & Taxes
Yes; however, to better protect yourself from identity fraud it is highly recommended to get a tax identification number TIN for yourself as a sole owner. This same number can be used for any business you start up as a sole-proprietor.
If you have a Corporation or LLC registered with the State Secretary of California you are required to pay a minimum $800 franchise. This is due in the first quarter of your accounting tax period. You must pay this fee even if you declared a loss on your tax return.
You can register a new Corporation or LLC in the last 15 days of the year and not pay the franchise $800 minimum tax as long as you did not conduct business in those last 15 days. This is a great way to get a head start on the new year. You can set setup a new business bank accounts, and other necessary system required to manage your business.
Income taxes are determined by a number of different factors. Tax planning will assist small business owners by estimating quarterly taxes, setting up budgets, and identifying business expenses that can be deducted. Call us for more information.