While colloquially called “incorporation,” formation is the proper term for setting up a business as its own legal entity by registering it with a state. Formation could mean you’re setting up one of several legal structures, like a limited liability company (LLC) or a corporation.

A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.

If your business name or address changes, you must report the change(s) within 90 days of the change (Business and Professions Code section 7083). Complete and submit an application to Change Business Name or Address. The application must be signed by an owner, partner, or officer of the corporation.