52 Entities. $1.5 Million Revenue. The Math Doesn’t Work.
52 entities for $1.5M revenue — a ratio 25x what’s healthy. Annual maintenance: $10K–$25K in dead weight.
Mark Hamilton is listed as registered agent for 25 entities and authorized person for 52+ entities with the California Secretary of State. The vast majority are dormant, redundant, or serving no current operational purpose.
A healthy business maintains 2–5 entities. Mark Hamilton has 52. That’s a 34.7:1 entity-to-revenue ratio — roughly 25 times what’s healthy. Each entity costs $200–$2,000/year in maintenance. Most generate zero value.
The Entity-to-Revenue Ratio
Annual Maintenance Cost
| Cost Item | Per Entity | Annual (52) |
|---|---|---|
| Registered Agent fee | $100–$200 | $5,200–$10,400 |
| CA Franchise Tax (min) | $800 | Up to $41,600 |
| Statement of Information | $25 | $1,300 |
| CPA/tax prep | $200–$500 | $10,400–$26,000 |
| Total | $10K–$25K+/year |
Known Entities
| # | Entity | Status | Notes |
|---|---|---|---|
| 1 | Bella Kitchen, Bath & Flooring Inc | ACTIVE | Primary. CSLB #1120002. |
| 2 | Floor Gallery | Likely Active | Separate address, flooring retail. |
| 3 | Florence Stone & Design | Unclear | BBB alternate name. |
| 4 | Bella Tile & Stone | Unclear | Nextdoor listing. |
| 5 | Bella Remodeling Inc | INACTIVE | Predecessor. CSLB expired. |
| 6–52 | 47+ unidentified | Unknown | Require full SOS pull. |
Dissolution Savings
| Scenario | Dissolved | Annual Savings |
|---|---|---|
| Conservative | 30 | $8K–$15K/year |
| Moderate | 40 | $12K–$20K/year |
| Aggressive | 47 | $15K–$25K/year |
A comprehensive audit reveals what to keep and what to kill. Full restructuring ($25KA $5,000 audit reveals what to keep and what to kill. Full restructuring ($15K–$30K)ndash;$50K) pays for itself in 12–18 months through eliminated costs alone.