Business Entity Regulations

I currently reside in the state of California. There are many business formation codes in the state of California. General provisions of the California Corporations Code governing corporations are as follows: * Stock corporations section 100 et seq. Nonprofit corporations Public Benefit corporations section 5110 et seq. Mutual Benefit corporations section 7110 et seq. Religious corporations section 9110 et seq. Foreign corporations section 2100 et seq. * Limited Liability Companies section 17000 et seq. * Limited Partnerships section 15611 et seq. * General Partnerships section 16100 et …

…a change of business entity may be advisable. For example, the business that initially began as a sole proprietorship may grow and require the financing options available through new partners or corporate investors. If the business is successful, the owner may acquire personal assets that will need protection from the liabilities of the business. Reference: http://www.ss.ca.gov/business/business.htm http://www.ss.ca.gov/executive/ca_roster/2004/01h_st_agencies.htm