Forming a limited liability company (LLC) provides benefits and liability protection for any type of business.
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Chances are you've considered the key benefits of forming a limited liability company (LLC):
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Limited Liability Companies combine the limited liability advantages of corporations with the control and tax advantages of a partnership. While setting up an LLC is more difficult than creating a partnership or sole proprietorship, running one is significantly easier than running a corporation. The entity is taxed like a partnership - income and losses are accounted for on the owner's individual tax returns. Also, a limited liability company can be owned by non U.S. citizens/resident aliens and other business entities and have unlimited number of members.
In summary, an LLC has the following benefits:
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After you've decided forming an LLC is right for your business, there are a few things you should consider before starting the application to ensure a smoother experience.
On the application itself, you'll receive a list of filing components that are mandatory in your state, and a list of optional business components you may want to consider filing at the same time you are starting an LLC.
The cost for each service is listed both on our site in "Post-Formations" and on the application itself.
Next, fill in your name, address of business, members, desired company name (for a name search).
Then, you'll fill out standard billing information that includes your address, credit card number, and contact information.
You'll receive a notification email shortly confirming your LLC order. Keep a copy for your records.
If we have any questions, we'll call you.
Once we've confirmed your order, we charge your credit card to pay the required government fees and begin your LLC formation. You can check the status of your LLC order at anytime by calling our business filing experts toll-free 1-877-692-6772.
Have your confirmation number ready for a quick status check.
With our Rush Filing Service, you can receive your "Articles of Organization" and your "Operating Agreement" in as little as one week. With this service, we hand deliver the documents to the appropriate state office, reducing your time to form an LLC.
Congratulations! You've formed an LLC.
Once we complete your filing, you'll receive your Articles of Organization and Operating Agreement. These are the documents that support your organization and they arrive in your Corporate/LLC Kit — or Elite Corporate/LLC Kit if you choose to upgrade.
Articles of Organization: The Articles of Organization are the main filing documents that begin your existence under state law. Once filed, you have a legitimate business!
Your Articles of Organization spell out the name, basic purpose, incorporators, amount and types of stock which may be issued and any special characteristics of the business entity. They are included in your LLC kit when we form your business.
The Articles of Organization are approved by the Secretary of State and should be kept in your kit as a record of filing with the Secretary of State.
Operating Agreement: The Operating Agreement of your LLC contains the written rules for conduct of the LLC. They are distinct from the Articles of Organization, which only state the basic outline of the company.
Operating Agreements generally contain information on meetings, elections of a board of directors and officers, notices, types and duties of officers, and other routine conduct. They are, in effect, a contract among members and must be formally adopted and/or amended.
The Operating Agreement is included in your kit when we form your LLC, and should be completed and signed upon receipt.
Laws and fees governing LLCs can vary from state to state.
Most of our customers choose to form an LLC in the state in which they are conducting business. This is typically the most simple and cost effective way to operate.
Some customers form their LLC in other states for tax reasons. Any state that you do business in will require you to file a "Foreign Qualification" if you are not forming an LLC in that state. This regulation is state-specific.
The purpose of a Registered Agent is to provide a physical address for your business so that it can accept official documents on behalf of your corporation (tax notices, annual reports, legal-process documents such as a summons, etc.).
The primary benefit of this service is that it provides a layer of privacy between you and the public. As the Registered Agent's name and address is one of public record, generally the Registered Agent's legal address will be the one listed in all official public documents.
Penalties for not maintaining a Registered Agent generally may cause a jurisdiction to revoke a business's corporate or LLC legal status. Please note that post office boxes are not allowed.
To keep your business legally viable after you incorporate, there are a number of steps you may need to follow. You may need to file an Article of Amendment to indicate changes in your company. You also may need to file an Initial or Annual Report, which is a requirement in most states. Our business filing experts can help you process necessary changes to your business.
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