State of California legislation makes it economical and advantageous to incorporate a business in California. The Prepaid Minimum Franchise Tax has been reduced for certain “qualified new corporations”.

Currently, California corporations offer outstanding and unique opportunities for privacy, protection, and profits by taking advantage of California state business laws in the following areas:

1. Protection from personal liability

2. Stockholders names are not public

3. An individual can be sole President, Secretary, and Treasurer

4. Corporate retirement plans are more liberal in some respects than IRAs and Keoghs

5. Ability to provide yourself with tax-deductible corporate fringe benefits such as health, accident, and disability insurance; life insurance; and a medical reimbursement plan

6. Perpetual corporate existence

7. Tax flexibility, control over how much individual income owner/employee will earn and report on federal (more…)