California Business Entities - How Long To Get Approved? by
Richard A. Chapo
So, you want to incorporate a business online and you want
to know the best states to incorporate. We look at a couple of
articles here which give the low-down on online company incorporation
and other methods.
You've done your research and have decided on a business entity.
You're chomping at the bit to open a bank account and get moving.
You file your corporation or LLC with the Secretary of State and
wait…and wait…and wait. Just how long is this going
to take?
California Filing Times
The California Secretary of State can be very slow when it comes
to approving new business entities. Once you file the entity,
you can sit around tapping your fingers for as long as two months.
After two months, you may not even remember why you filed the
darn thing! Can you avoid this time and momentum killer? YES!
The California Secretary of State offers "rush filing"
options for forming business entities. The first is a 24 hour
rush that ads $500 to the filing process, an expense that should
really only be undertaken if you are desperate. The second option
runs a whopping $15 and has a turn around time of 7 to 10 business
days. Ah, so this is the way to do it, right? Nah, that would
be far too easy!
For rush filings, the Secretary of State requires all filings
to be made in person. If you are not located in Sacramento, this
can cause a major problem. So, what do you do?
If you are creating a corporation, you can file the articles
of incorporation at a branch office of the Secretary of State.
Most major cities have a branch, but you can pop on to the web
site for the Secretary of State and find your local branch.
If you are forming an LLC, California makes things difficult.
For no logical reason, the Secretary of State doesn't allow LLC
filings to be made at branch offices. This policy makes absolutely
no sense, but what are you going to do? You are going to beat
the state at its own game.
Rush LLC filings must be personally filed in the Sacramento office
of the Secretary of State. The policy doesn't say WHO must personally
file it. Using this loophole, you can hire an attorney delivery
service in Sacramento to file and pick up the Articles of Organization
for your LLC. You simply send them the articles as well as the
filing and rush filing fees. You can expect to pay the attorney
service an additional $50 to $75 for the service.
California is one of the worst states to do business in. The
Secretary of State does everything possible to make filings a
pain in the… With this information, you can turn the tables
and beat them at their own game.
About the Author
Richard A. Chapo is with http://www.SanDiegoBusinessLawFirm.com
- This article is for information purposes only.
The Benefits of Incorporating in Florida by
Eddie Tobey
And now a follow-up article on which are the best states
to incorporate in. We hope you find it useful. You can follow
up on either of the article authors or find out more on how to
incorporate a business online by following appropriate links.
There are many benefits to Incorporating in Florida. For one,
there is an able work force, reflected by the fact that Florida's
unemployment rate is consistently lower than the national rate.
Florida is the center of more than a few thriving industries,
such as aerospace, and the state enjoys strong state support for
business development, reflected in its pro-business stance on
taxes.
Florida is well-known for its outstanding academic and research
achievement in aviation, aerospace, biotechnology, microelectronics,
optics, photonics, and - of course - real estate development.
As such, Florida is also an attractive spot for venture capital.
Despite the devastation of having four hurricanes hit in a short
six-week span in late November 2004, venture capitalists are interested
in investing in Florida. In fact, according to the 2005 PricewaterhouseCooper
NVCA MoneyTree Survey, Venture Capital Investment in Florida Companies
in the first quarter of 2005 is 99.3 million.
Florida's economic and business resilience after the hurricanes
was due in large part to the state government's pro-business agenda.
Indeed, the fact that Florida has one of the lowest tax rates
in the US helps to explain this quick rebound, as businesses were
eager to invest in the state's redevelopment. Along with its support
of low taxes, the government has supported specific agendas and
organizations to encourage business growth, such as Enterprise
Florida, Inc. (EFI).
Formed in 1996 to replace the Florida Commerce Department, EFI
is a public-private partnership responsible for Florida's economic
development. EFI operates with an agenda to "diversify Florida's
economy," while also creating "better-paying jobs for
its citizens by supporting, attracting and helping to create businesses
in innovative, high-growth industries." In addition, EFI
helps to support such valuable sectors as IT, life sciences, aviation,
aerospace, security and defense, and finance and professional
services. EFI helps businesses identify land that matches their
criteria, and also helps determine a business' eligibility for
tax breaks and other incentives.
As the Governor, Jeb Bush, recently stated, Florida remains "committed
to business-friendly policies, low taxes and economic diversification."
These qualities favor incorporation in Florida by helping to illustrate
the many benefits of incorporating in the Sunshine State.
About the author:
Incorporating
in Florida Info helps big and small businesses learn the benefits
of incorporating in the Sunshine State, and also provides detailed
information and advice about the Florida Department of Incorporation.
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