California Budget Problems Impact Business Incorporation Filings
by: Mark Thomas
Business incorporation can be difficult on a good day. In California, it seems that it is becoming more difficult by the day. Why? Three words…Budget, Budget, Budget!
California government just can’t get it right. In the best of times, the process employed by the Secretary of State to process Business Incorporation and Limited Liability Company filings was one of the slowest in the country. Even then (back in the good ol’ days), it took several weeks for the Secretary of State to process the paperwork if you wanted to incorporate or form an LLC, while many states would process a business filing in less than 24 hours. If you think several weeks to incorporate or form a limited liability company in California is bad, hold onto your hat. As of this writing, California is taking about 2 ½ months! That’s right, if you want to form an LLC or incorporate your business in California, plan on about 10 weeks of waiting for the Secretary of State!
There is a way out, however. By paying extra money, your filing can be completed in about 7 business days! How do they do that? Well, they do it by continuing to push normal processing times back even farther to collect the increase in upfront fees. Make sense? No, not really…California’s entrepreneurs who are considering business incorporation or maybe starting a limited liability company are the answer to California’s budget problems. Their business incorporation is a vote of confidence in their ability to be successful in business and their success will bring untold tax dollars to the coffers of the state. The state should do everything in its powers to get these new businesses up and running so that the hungry and eager entrepreneurs who have always made California great can help to rebuild its struggling economy.
I am not writing this as a means to prevent you from pursuing your dream of owning and running your own business. In fact, I believe that your business incorporation and the thousands of LLCs and Corporations, like yours, that are waiting to be filed are the answer. We are no longer even offering a filing that will take in excess of two months. Our price now automatically includes the extra rush fees required to complete the filing faster. Incorporate. Form an LLC. Chase your dreams. We will do our part to continue to help and, hopefully, we can help California understand how important your business incorporation success really is.
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