Limited Liability Company

$375.00

An LLC, which stands for “Limited Liability Company,” is a type of business structure that lets you classify your business as a separate entity from you personally. This allows you to keep your personal assets separate from your business assets, and protect them from your business’ debts and liabilities.

You can open bank accounts, enter contracts, hire employees, and obtain business licenses and permits under your LLC. Most states require an annual filing and fee to keep your business in good standing.

Category: SKU: BSL-001 Tag:

Description

What are the benefits of an LLC?

Requires fewer formalities
Unlike with a corporation, you aren’t required to have a board of directors or shareholders with an LLC. You have more options in setting up your management structure.

Protects you and your assets
An LLC protects you and your personal assets—including your car, home, and bank accounts—from liability if your business is ever sued or incurs debts.

Gives you tax flexibility
With an LLC, you get to choose how you’ll be taxed. By default, LLCs are taxed as pass-through entities, but you can decide to be taxed as a corporation or an S corporation.

What’s the process for forming my LLC?

If you know the name you want to use, we’ll do an initial search. Not yet sure? You can decide once you’ve completed our questionnaire.

Next, we’ll review your answers and check if your proposed LLC name’s available with the Secretary of State. If not, we’ll contact you for an alternative name. Once your name’s settled, we’ll prepare your Articles of Organization and submit them to the Secretary of State to register your LLC.

Finally, we’ll complete any additional documents you ordered like your EIN, which will be sent via email once completed and available.

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