Organizing CA Corporations and Single-Member LLCs
July 26, 2006
Bill Staley 818-936-3490
Rachael Simonoff Wexler 310-255-9084
1
Organizing California Corporations
and Single-Member LLCs
Presenters:
Bill Staley, Attorney
Rachael Simonoff-Wexler – Alschuler Grossman
Stein & Kahan LLP
July 26, 2006
Woodland Hills
San Fernando Valley Bar Association
William C. Staley,
Business and Tax Attorney
Law Office of William C. Staley
www.staleylaw.com
Organizing CA Corporations and Single-Member LLCs
July 26, 2006
Bill Staley 818-936-3490
Rachael Simonoff Wexler 310-255-9084
2
This presentation should be viewed only as a
f h l
d
b
i
f
summary o t e aw an not as a su st tute or
tax or legal consultation in a particular case.
Your comments and questions are always
welcome.
William C. Staley
Organizing a California Corporation
William C. Staley
Organizing CA Corporations and Single-Member LLCs
July 26, 2006
Bill Staley 818-936-3490
Rachael Simonoff Wexler 310-255-9084
3
Organizing a California Corporation
• Preliminary Steps
• Perform choice of entity analysis*
• Or note in the cover letter or engagement
letter who has performed it for the client.
• Use a checklist* to gather all the
William C. Staley
necessary information.
Organizing a California Corporation
• Preliminary Steps
•
Reserve the name
.
•
It might be necessary for a related corporation to
authorize the use of a similar name.
•
Pick your client.
• Representing the entity will leave you out if there is
a shareholder dispute.
William C. Staley
•
It’s best to stay with the person with whom you
have a long relationship.
Organizing CA Corporations and Single-Member LLCs
July 26, 2006
Bill Staley 818-936-3490
Rachael Simonoff Wexler 310-255-9084
4
Organizing a California Corporation
• Preliminary Steps
Send an engagement le