Limited Liability Company FAQ’s

Are you considering starting your own business? It’s important to evaluate the different options that various types of businesses have to offer. One type of business to consider is a Limited Liability Company or an LLC. Find out what this can offer your business:
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What is a Limited Liability Company?
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A Limited Liability Company resembles several characteristics of a corporation and a partnership. It is similar to a corporation because they both share limited liability, except an LLC has more flexibility than a corporation. An LLC and partnership are related because they both share pass-through income taxation.
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Are there shareholders in an LLC?
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No, the company has no shareholders, which is something a corporation does have. An LLC has owners of the business. This factor makes an LLC similar to a partnership. As a matter of fact, there can be more than one owner in an LLC, and the percentage of profit is divided among each of the members.
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How do you form an LLC?
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You don’t need a lawyer to form an LLC. After you have committed to forming an LLC business, you must file and submit the appropriate paperwork for your business according to your state laws. One of the key factors you need to figure out is the percentage each owner of the company will profit from the company.
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If you would like to know more information on how to incorporate your business as an LLC, do not hesitate to call us today!
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OC Legal Service assists clients with a wide array of services, including:
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Personal Services:
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  • Divorces
  • Pre/Post-nuptial Agreement
  • Living Trusts
  • Advanced Health Care Directive
  • Wills
  • Power of Attorney
  • Deeds (Grant Deeds, Quit Claim, Inter-spousal Deed Transfer, Deed Correction)
  • Evictions
  • Immigration Services
  • Notary
  • Promissory Notes
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Business Services:
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  • Incorporations (LLC’s, S-Corp, C-Corp, Non-Profits)
  • Company By-Laws (Operating Agreement), EIN, Seller’s Permit
  • Dissolutions
  • Real Estate Services
  • Promissory Notes
  • Buy/Sell Agreements
  • Employee Handbooks
  • Partnership Agreements
  • Copyright & Trademark
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& much more..
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We are licensed, registered, and bonded in the State of California.
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Get started with us today. Visit our store in Santa Ana, CA, or call 714-209-8500 to make an appointment for a free consultation for legal document help now.
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We look forward to doing business with you!

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