Hello and Welcome.
Typically sole ownership of a business
will choose between a sole proprietorship, S-Corporation
or Limited Liability Company ("LLC
A sole proprietorship needs no formal registration other than to register an assumed business name "ABN" or "DBA
" "doing business as" for example "John Smith" DBA as "San Fran Events". As simple as a DBA is to register, a sole proprietorship does not shield you against personal liability.
If a suit is brought against the business, your personal assets are in jeopardy to satisfy a judgment against the company. This is why most individuals choose either a S-corporation or LLC.
Both the S-corporation and LLC offer tax advantages while shielding the owner from personally liability. The LLC has less formalities in formation and is more flexible in ongoing management.
Here is a link to a blog in which clients have used and found very informative in helping choose an entity for a new business venture: www.quicksprout.com/2010/03/31/beginners-guide-to-corporate-entities/
Regardless of which entity is chosen, a business conducting activity in San Francisco and have its company headquarters based in San Francisco would register the entity with the California Secretary of State: www.sos.ca.gov/
There are many tax implications of doing business and a competent CPA
's advise should be sought for consultation of the tax liabilities and implications of each type of entity.
All my best & encouragement.
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Thank you for allowing me to be of service to you. Please be aware that the information provided here is not legal advice. Rather it is simply general information. All states have intricacies in their laws and any information given is simply information only and specifically is not intended to be, nor does it constitute, legal advice. This communication does not establish an attorney-client relationship with you.