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California is the 31st of the United States of America. The East of the state is the state of Nevada and Arizona, the West is the Pacific Ocean, the North is the state of Oregon, and the South is the Mexican state of Baja California.
Thus, is sought after by worldwide businesses but not many businesses are able to enter this lucrative market due to the complication of different regulations among different states of the USA; and the procedures to enter the US market.
The economy of California is the largest of any states in the United States, contributing $3.2 trillion gross state product in 2019. California would be the 5th largest economy in the world if the state stands alone as a country.
The economy of California is varied with many sectors from finance, business services, to government and manufacturing. Most of the economic activity is concentrated in coastal cities such as Los Angeles, the San Francisco Bay Area, and San Diego. These cities act as significant trade hubs to and from the United States.
| Limited Liability Company (LLC) | Corporation (C- Corp and S-Corp) | |
|---|---|---|
| Corporate Tax Rate | The corporations need to file a Statement of Information annually during the first 6 month period ending on the last day of the anniversary month of the incorporation. The Annual Franchise Tax is US$ 800 for minimum and the due date will be 15th of the third month after the close of the year. However, the LLC companies are exempt from this tax for the first year. Federal tax identification number (EIN): If the company has employees, EIN is required. Moreover, it is necessary to open a business bank account in California. | |
| Company Name | The name of each limited liability company as set forth in its certificate of formation: Shall contain the words "Limited Liability Company" or the abbreviation "L.L.C." or the designation "LLC". May contain the name of a member or manager. | The name of company formation in California must end with “Incorporated,” “Corporation,” “Company,” or an abbreviation of like import from other languages. If the business owner wants to use the words “Bank,” “Banc,” “Trust” or “Trustee,” he should have approval from the Superintendent of Bank. |
| Board of Directors | At least one person for a manager/member for LLC. California does not require a minimum age or residency for managers/members. Need to state the number of managers that will constitute the corporation’s board of directors to the government. | A corporation must have at least three directors, unless there are less than three shareholders. In that case, the number of directors may be equal to or greater than the number of shareholders |
| Other requirement | California LLCs are required to appoint a registered agent (called an “agent for service of process” in California) to accept legal mail on behalf of your business. The business owner will need to have his registered agent’s information ready to go before he completes his formation documents. A California registered agent must:
| Officers: The Articles of Incorporation does not record names and addresses. Stock: the information about authorized shares and the number of shares or par value will be listed in the Certificate of Incorporation Registered Agent: The LLC must have a physical address in California to receive legal and tax documents for the business. |
Multistream International will consult you on the suitable type of company with three proposed names that matches your business activity and needs
Several payment methods are available to the client:
| Limited Liability Company (LLC) | From US$ 690 | |
| Corporation (C- Corp and S-Corp) | From US$ 790 |
| General Information | |
|---|---|
| Type of Business Entity | Limited Liability Company (LLC) |
| Corporate Income Tax | 8.84% |
| British Based Legal System | No |
| Double Tax Treaty Access | No |
| Incorporation Time Frame (Approx., days) | 2 – 3 working days |
| Corporate Requirements | |
|---|---|
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | Yes |
| Standard Authorized Capital/Shares | N/A |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | No |
| Local Directors / Shareholders | No |
| Publicly Accessible Records | Yes |
| Annual Requirements | |
|---|---|
| Annual Return | Yes |
| Audited Accounts | Yes |
| Incorporation Fees | |
|---|---|
| Our Service Fee (1st year) | US$ 690 |
| Government fee & Service charged | US$ 450 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee (year 2+) | US$ 590 |
| Government fee & Service charged | US$ 450 |
| General Information | |
|---|---|
| Type of Business Entity | Corporation (C-Corp or S-Corp) |
| Corporate Income Tax | 8.84% |
| British Based Legal System | No |
| Double Tax Treaty Access | No |
| Incorporation Time Frame (Approx., days) | 2 – 3 working days |
| Corporate Requirements | |
|---|---|
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | Yes |
| Standard Authorized Capital/Shares | N/A |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | No |
| Local Directors / Shareholders | No |
| Publicly Accessible Records | Yes |
| Annual Requirements | |
|---|---|
| Annual Return | Yes |
| Audited Accounts | Yes |
| Incorporation Fees | |
|---|---|
| Our Service Fee (1st year) | US$ 790 |
| Government fee & Service charged | US$ 550 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee (year 2+) | US$ 690 |
| Government fee & Service charged | US$ 550 |
| Services and Documents Provided | Status |
|---|---|
| Agent Fee |  |
| Name Check | |
| Preparation of Articles | |
| Same-day Electronic Filing | |
| Certificate of Formation | |
| Digital Copy of Documents | |
| Digital Corporate Seal | |
| Lifetime Customer Support | |
| One Complete Year (12 Full Months) of California Registered Agent Service | |
| Certificate of Incorporation | Status |
|---|---|
| Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. | |
| Submission of application to the Registrar of Companies | |
To incorporate a California company, the clients is required to pay the Government Fee, US$ 450, including
| Description | Download |
|---|---|
| Application for Limited Company
PDF | 1.91 MB | Updated time: 14 Mar, 2020, 10:45 (UTC+08:00)
Application form for Limited Company processing |
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| Application Formation Form LLP LLC
PDF | 1.80 MB | Updated time: 03 Jan, 2020, 12:24 (UTC+08:00)
Application Formation Form LLP LLC |
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| Description | Download |
|---|---|
| Business Plan Form
PDF | 1,015.78 kB | Updated time: 04 Jan, 2020, 11:16 (UTC+08:00)
Business Plan Form for Company Incorporation |
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| Description | Contact Us |
|---|---|
| Information Update Form
PDF | 5.52 MB | Updated time: 06 Jan, 2020, 11:48 (UTC+08:00)
Information Update Form for completing the Registry’s statutory requirements |
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| Description | Download |
|---|---|
| California (C-Corp or S-Corp) Rate card
PDF | 459.34 kB | Updated time: 31 Dec, 2020, 11:33 (UTC+08:00)
Basic Features and Standard Price for California (C-Corp or S-Corp) |
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| California LLC Rate card
PDF | 455.71 kB | Updated time: 31 Dec, 2020, 11:33 (UTC+08:00)
Basic Features and Standard Price for California LLC |
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