Limited Liability Company

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Why form an LLC?

Chances are you've considered the key benefits of forming a limited liability company (LLC):

• Secure your personal assets through Liability protection
• Deduct certain expenses
• Reduce audit risk

But you have a company to manage, and forming an LLC takes time.

Let MyCorporation save you time and hassle when you use our expert document filing services to take this next step.

• We make LLC formation affordable. Our limited liability company (LLC) formation services start at just $69 (plus required government fees). Lawyers charge, on an average, over $200 per hour. With our document filing services, you know exactly what you need, what you are getting and how much it all costs from the very beginning.
• We take the bureaucracy out of forming an LLC. You could file everything yourself, but when you consider the time needed to file, administer and maintain all the documents necessary to keep your business running legitimately, why would you? MyCorporation offers you serious savings when it comes to your time and resources. Once you decide to form an a limited liability company (LLC), simply fill out our online application and we take care of the rest.
• Help is a phone call away. Call one of our business filing experts to walk you through the LLC formation process. Or, simply answer our questionnaire online that walks you through the process step-by-step, and one of our experts will contact you to confirm and track your order. We are an online service, backed by real people.

Why choose a limited liability company vs. a corporation?

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:

• Liability protection like a corporation - LLC members are generally protected from personal liability for business debts and claims. This means that if the business can't pay a creditor or gets sued, the creditor cannot legally come after the member's personal assets such as a house or car.
• Management - A limited liability company provides flexibility in business organization and management. The owners can be individuals, trusts, partnerships, corporations and non-resident aliens. There are significantly less formalities to maintain an LLC compared to a corporation.
• Maintenance - LLCs are less formal than corporations and do not have the same corporate formality requirements such as having an annual meeting or taking minutes.

File a Limited Liability Company With MyCorporation Today Starting At Only $69