Compare LLC and Inc.
An Inc. is short for incorporated and an LLC stands for a limited liability company. Both protect company owners from personal liability for business obligations.
Small Business Owners Making More Than $250,000
The small business owners that make $250,000 a year or more tend to be manufacturing executives and those who run holding companies.
How to Start an LLC in California
To start an LLC in California, you may hire a lawyer or do it yourself by going to the Secretary of State's website and registering your business as an LLC by filing the Article of Organization and following the instructions.
Can Two Businesses Have the Same Name?
It depends. If the business name is a registered service mark or trademark, another business cannot have the same name because it violates trademark law. You must perform a three-part test if the business name is not a registered service mark or trademark.
Material Breach of Contract
A material breach of contract occurs when a party fail to perform a contract's terms making the primary purpose of the contract not met, the breach is considered material.
What Type of Business Is a Partnership?
A partnership is the simplest business structure where two or more people are owners of a business. The types of business partnerships include general partnership, limited partnership, and limited liability partnership.
What Is Company Culture?
A company culture is how things get done in the workplace. Company culture can more be described as core values or operating principles used to set the tone for the company's overall operations and success.
What is a sole proprietorship?
A sole proprietor is someone who owns an unincorporated business by himself or herself. A sole proprietorship is a business that can be owned and controlled by an individual.
Sole Proprietorship vs. LLC
Sole proprietorships are popular for self-employed professionals, freelancers, and contract workers, while LLC offers personal liability protection than sole proprietorship.
Is it legal to sell homemade food in California?
Yes, you can sell food from home so long as you have California-required health and food handling permits and business licenses. You must get a permit to sell food from home from the county health department in California.