California Corporation
California Corporation Names
It is not required to use a corporate designator in a California Corporation. Many companies do, however, include the word “Corporation,” “Incorporated,” “Limited” or an abbreviation of one of these. The name cannot state or imply that the corporation or LLC is formed for purpose other than what is permitted in the articles of incorporation/organization. Also, the name cannot be the same or deceptively similar to any active domestic or foreign corporation or LLC filed with the state.
Director Information:
Minimum Number - Not less than three, unless there are only one or two shareholders of record. Then the number of directors may be less than three but not less than the number of shareholders.
Residence Requirements - No provision.
Age Requirements - None.
Directors are not required to be listed in the articles of incorporation.
Officer Information
Officers are not required to be listed in the articles of incorporation.
Stock Information
An increase in shares or par value does not affect initial filing fees.
Registered Agent
A corporation must maintain a registered agent at all times to accept any important service of process from the state. The registered agent must be located and available during regular business hours at a legal address within the state. California prohibits the use of a P.O. Box as your registered agent's address..
Corporate Records
An original or a copy of bylaws must be kept at the principal executive office or principal business office in the State of California. The minutes of directors' and shareholders' meetings must be kept at the principal office.
The incorporation in California does not have any special requirements. You neither have to be a US citizen nor a US resident. You don't even have to be present in the USA at any time. The minimum age to incorporate in California is 18 years. One person can be shareholder and director. A corporation in California usually takes 3-5 days to be registered.
Like with all US corporations you can benefit from many advantages:
low incorporation fees
no paid up capital required
fast and hassle free incorporation procedure
limited liability status
asset protection
bankruptcy does not affect the directors personal assets
your choice of name
anonymous filing by nominee directors available
corporations are amongst the most reputable company structures world wide
good reputation, especially with banks
outsourcing high risk activities with separate corporations
perfect to start a new business
perfect to gain investors
ability to apply for US immigration
professional appearance for your business
Note:
The only thing a corporation in California does not include are offshore advantages like tax exemption. A corporation in California needs to file accounts and pay taxes on the profit it has made. Like in most US states two different taxes occur: state taxes of California with 8,84% and federal taxes of 15% to 39%. So there is no tax advantage given. If you are interested in low-tax or tax-exempted companies we can of course assist you with that. For this we recommend the following states Delaware or Nevada.
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