By-laws describe the agreed rules governing the operations of the Professional Corporation.
By-laws describe the agreed rules governing the operations of the Professional Corporation.
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Name your California LLC. ... Choose your registered agent. ... Prepare and file articles of organization. ... Receive a certificate from the state. ... Create an operating agreement. ... File a statement of information. ... Get an employer identification number. ... Pay the annual franchise tax.
In California a business's annual report is called the Statement of Information. It's a required filing that keeps the state updated with information about participants in the company. It must be filed on time, and the penalty for being late is hefty: $250, versus the filing fee of up to $25.
The Statement of Information LLC (SOI) is known as Form LLC-12 in California. The SOI acts as an annual report form that must be submitted to the California Secretary of State every two years. Note that other states refer to this as a Biennial Report or Annual Report.
An LLC is defined at California Corporations Code section 17001(t) as an entity having one or more members that is organized under the Act. Generally, one or more LLC ?members? enters into an operating agreement either before or after the articles of organization are filed. See Cal.
No, since your California LLC doesn't need to pay the $800 franchise tax for its 1st year, you don't need to file Form 3522. Form 3522 will need to be filed in the 2nd year.