Limited Liability Company (LLC)

A Limited Liability Company (LLC) is a business structure allowed by state statute that protects its owners from personal responsibility for its debts or liabilities. LLC combines the best parts of corporations, sole proprietorships, and partnerships into one business entity. It offers owners liability protection and a flexible management structure, as well as certain tax advantages.

It is one type of legal entity that can be formed to own and operate a business. LLCs are very popular because they provide the same limited liability as a corporation, but are easier and cheaper to form and run.

Who Can Form an LLC?

It is essential for anyone starting a business or running a business as a sole proprietor to form an LLC. This is especially important when you are concerned about limiting your personal liability.

There are many types of businesses for which an LLC can be used. Some states require that specific types of professionals form special professional LLCs. An LLC can operate any size business-from one-owner companies to companies with many owners.

How Do You Start an LLC?

Even though LLC requirements vary by state, there are generally a few common elements. The very first step is deciding what the company's name will be. Having the articles of organization documented and filed with the state can establish each member's rights, powers, duties, liabilities, and other obligations. Documents containing the LLC's members' names and addresses, its registered agent's name, as well as the statement of purpose of the business, are also included.

The articles of organization must be filed with the state, along with a fee. The federal government also requires paperwork and additional fees to be submitted for you to obtain your employer identification number (EIN).

What Are the Benefits of an LLC?

Personal asset protection

Businesses and their partners or investors register as LLCs primarily to limit their personal liability. Therefore, when your LLC business incurs debts or you are sued for business-related reasons, you are generally not personally liable.

If a lawsuit is filed against your LLC, the lawsuit can't collect your personal assets such as your personal bank accounts, car, or house. Creditors or suing parties can only benefit from the LLC's assets, like its bank account.

Taxes

LLCs enjoy pass-through taxation which means the LLC itself does not pay taxes. Instead, each member pays tax on their share of the profits. If you are the only member, all earnings are yours to keep, and you pay taxes on all income on your personal tax return.

Simplicity

A limited liability company is the easiest business entity to form and operate. As opposed to a corporation, you do not need to have officers, directors, board or shareholder meetings, or other administrative burdens.

Credibility

Your company's legitimacy can be enhanced by forming an LLC. In doing so, customers will be reassured that you are an established business.

Ready to Start Your LLC?

Start your business with confidence. Whether you're ready to form or still deciding, we've got your back.

Why file your LLC with us?

​Us	Others
✅ One-time fee	❌ Long life fees
✅ No registered agent fees	❌Yearly agent fees
✅ No EIN or Operating Agreement Fees	❌ EIN, Operating agreement, Filing, Licenses fees
✅Free Consultation	❌ No consultation
✅ Fixed Price Liability: $350	❌ $450 then ~$200 yearly

Forming a Limited Liability Company doesn't need to be hard. You can set up your LLC today with us in just a few steps! Just click here.