Saturday, October 14th, 2006
One step closer.
Today Alex and I are signing the Article of Organization-paper that is a required form to start up a company here in California. We chose LLC (Limited Liability Corporation) as our form of incorporation, since it gives us many benefits. One benefit is that the required administrative paperwork is less than other corporation forms. Another reason is that LLC (as the name implies), protects us as individuals from economical liabilities in case of something goes wrong, and we get sued. If that happens, the worst thing that can happen is that the company goes bankrupt.
For further information about forming an LLC, I’d recommend you to visit the Secretary of State in California. There you’ll find all the forms and information that you need to form an LLC.
Take care,
Viktor
February 21st, 2007 at 11:21 am
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