Q: What is the best way legally to file a foreign corp from Colorado to California and also could I later move to CA?
I purchased 2 shelf corps that are llc's and wanted to dba in california. I wanted to also ask is it legally better to have multiple companies under 1 llc or should they legally be divided?
A: This is not a one-size-fits-all. Do you want a dba in California or to register with the Secretary of State as a foreign corporation? It seems as though you could benefit from a consultation with an attorney to consider all the facts and to pick the alternative that best fits your business objectives.
A: This is a tough question to answer without more information. Many companies divide up their product lines into separate corporations so if one product has a liability issue, the revenue from the other products is not affected. But, the other side of the coin is that you have to pay a minimum of $800 per year for each company, plus prepare separate tax returns, etc. See a lawyer and explain why you want to have separate companies and the lawyer can advise you after asking a number of questions. Best wishes.
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