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Video instructions and help with filling out and completing california form 5806 2020-2021

Instructions and Help about california form 5806 2020-2021

The following information is provided for educational purposes only and in no way constitutes legal tax or financial advice for legal tax or financial advice specific to your business needs we encourage you to consult with a licensed attorney and/or CPA in your state the following information is copyright protected no part of this lesson may be redistributed copied modified or adapted without prior written consent of the author a limited liability company is a hybrid between a corporation and a partnership an LLC protects your assets in the event of a lawsuit in order to form your LLC you must file LLC formation documents with the Secretary of State once your documents are approved and sent back to you your LLC is now in existence and authorized to do business in the state we have spent considerable time to make the details of this video simple and easy to understand however we cover a lot of ground and you are going to hear a lot of new terminology would you recommend that after you watch this video you watch it a second time in order to fully comprehend all the information provided please make sure you have watched the first lesson on researching your LLC's name your desired LLC name must be available for use before you proceed with filing your LLC formation documents your LLC is required to list a registered office and a registered agent within your LLC formation documents the registered office is a physical address it cannot be a Pio box that is located in the state where your LLC is formed a registered agent is a person or a company who agrees to accept legal mail and important documents on behalf of your LLC the registered agent is located at the registered office and is generally accessible during normal business hours as we mentioned a registered agent can be a person or a company who has an address in the state where your LLC is formed you as an individual can be your LLC's registered age however your LLC cannot be its own registered agent for individuals who have an address in the state it is most common that they serve as the LLC's registered agent having said that the individual person you choose as the registered agent does not need to be a member of the LLC it can be a friend or a family member or frankly anyone you know who agrees to accept service of process on behalf of your LLC service of process is the delivery of legal mail and important documents sent from the state or a law firm to your LLC correspondence from the state can include items such as annual report notices late notices and copies of formation documents legal documents can include items such as subpoenas and/or complaints for legal action again the purpose of designating a registered agent is to authorize someone to accept service of process on behalf of your LLC however agrees.