What Is the Easiest Way to Set Up an LLC in California?
Setting up a limited liability company (LLC ) has distinct advantages, including protecting your personal assets, which some other types of businesses, such as sole proprietorships, don't offer. Without this type of protection, if your business goes into debt, your personal assets like your home and any money in your bank account may be seized to pay for the company's debt. Once you set up an LLC for running your business, the business becomes its own entity separate from you. There are also tax benefits and added flexibility when it comes to management, ownership and profit distribution — all of which are compelling reasons to set up an LLC.
The steps you need to take vary from state to state. If you're in California, learn more about what the process of forming an LLC looks like.