You might be asking if you have to pay the $800 LLC fee the first year if you’re going to register a Limited Liability Company (LLC) in California. The fee is required in the first year of formation, so the answer is yes.
Every LLC in California must pay the $800 LLC fee as an annual tax. It is due on the 15th day of the fourth month following the formation of the LLC. For instance, the $800 cost is due on April 15th of the same year if your LLC is created on January 1st.
LLCs in California must additionally pay an additional $800 filing fee and submit a Statement of Information to the Secretary of State of California within 90 days of its establishment and on an annual basis after that. For paper files, the filing fee is $20, while for internet filings, it is $25.
If you are a member of the LLC and have a physical street address in the state of California, you may serve as your own agent for service of process there. A person or organization designated to accept legal documents on behalf of the LLC is known as an agent for service of process.
It is crucial to remember that acting as your own agent for service of process can have disadvantages. The delivery of court papers to your home address in the event that your LLC is sued can be difficult and perhaps embarrassing. Additionally, you must tell the California Secretary of State of any changes to your address or address changes for the LLC.
You must first be designated by an LLC or company to serve as its agent for service of process in order to register as a corporate agent in California. After being appointed, you must submit a Statement of Information to the California Secretary of State and pay a $20 or $25 filing fee.
It is significant to remember that there are obligations that come with being a registered business agent in California. You must be accessible during regular business hours to accept and swiftly forward legal documents to the proper person on behalf of the LLC or corporation. You and the LLC or corporation risk legal repercussions if you don’t do this.
In California, a person or organization named to accept legal documents on behalf of an LLC or corporation is known as the agent for service of process. In the event of a lawsuit or other legal action, legal papers will be served at the agent’s address, which serves as the LLC or corporation’s registered office for legal purposes.
An individual who resides in California, a company that is permitted to conduct business there, or a foreign company that complies with California’s registration requirements can all act as the agent for serving of process. The agent’s address cannot be a PO Box or another type of postal address; it must be a real street address in California.
The $800 LLC fee and the designation of an agent for service of process are the last costs and requirements for incorporating an LLC in California. Even if you have the option of acting as your own agent for serving of process, it may be advantageous to choose a registered corporate agent to prevent any potential risks. To ensure compliance with all state regulations, it is crucial to speak with a legal expert before incorporating an LLC in California.