The process of starting a business is extremely time‐consuming. A successful entrepreneur is aware that careful attention to legal issues is an essential component of success, even if they do not contribute directly to the bottom line.
Outline the initial steps of forming a CA business entity, specifically a Limited Liability Company (LLC). First, read the overview of Limited Liability Companies download, Second, watch the Video at the bottom of this page. Third, review the Fact Pattern. And, fourth, provide brief answers to all 6 questions below.
Lowell Litigant and Bernard Bedford have a great idea to open a shop selling re‐cycled kitty litter, in Huntington Beach, CA. Lowell and Bernard believe there is a demand for their product in that area of the State. They want to form a Limited Liability Company called, “Un‐Fresh Step, LLC.” Lowell and Bernard have already signed a lease for the shop, and have the equipment ready for production.
YouTube link: https://www.youtube.com/watch?v=072Yp0qkVyQ&t=25s
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