If you're starting a corporation or a limited liability company in California, a key step in the process is filing your articles of incorporation. Your corporation's existence is legally established when you file the articles with the California Secretary of State, which charges a fee for the filing. Currently the fee for a general stock corporation is $100, and the fee for an LLC is $70.
When you're starting a business, the decisions you make early in the process are extremely important because your choices now will have effects throughout the life of the company. You'll have to decide how the business will be structured, and the type of entity you choose will have a bearing on a range of matters, including taxation, personal liability and division of profits.
Businesses merge for a variety of reasons. The basic idea behind merging is synergy -- that the combined performance and value of the companies will exceed the value of each company's individual parts.
In all aspects of life, the decisions we make now will have qualitative and quantitative effects in the short and long terms. The same goes for business.
Let's say you've worked hard for years to build a profitable business. You may have even spent significant time away from your family to raise finances and manage operations. As an entrepreneur, you probably realize, too, that once your company reaches a certain level of profitability, selling the business may be the best move for its growth and your future.