LLC2021-09-28T09:12:41-04:00

Start an LLC in 24 Hours

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The Perks of Starting an LLC

LEARN THE BENEFITS THAT STARTING AN LLC OFFERS FOR YOUR BUSINESS

Pass Through Taxes

Starting an LLC allows your business to pass through taxes directly to you. Traditional corporations are taxed at the business level and at the personal level, unlike LLCs.

Naming Rights

LLCs secure your business’ name unlike sole proprietors, who technically do business under their personal name. Your business name will recognized on a state-wide level.

Relaxed Structure

An LLC doesn’t have nearly as many rules about structure as a corporation. For example, you don’t need to appoint officers and board members when creating your LLC.

Limited Liability Protection

LLCs offers a shield for your personal assets should the LLC be sued or take on debt. Without this, collectors would be able to seize any of your personal assets.

Do You Have More Questions About LLCs?

Step 1: Answer a few questions about the business

Step 2: We file and form your business

Step 3: Your LLC is ready to operate!

Types of Business Entities

FIND THE ENTITY THAT IS RIGHT FOR YOU

Business Type

Features

Protections & Taxes

Negatives

LLC

Allows the most flexibility in terms of management and structure

Can have unlimited members

Can be owned by another LLC, corporation, or any other legal entity

Protects personal assets and liability from lawsuits

Offers pass through taxation for business owners

Requires separate tax filings

Will require regular fees and forms to maintain

Can’t go public

Not recognized internationally

S-Corp

Allows for issue of shares

Shareholders must be US residents

Owners only get common stock

Protects personal assets and liability from lawsuits

Offers pass through taxation for business owners

Requires separate tax filings

Will require regular fees and forms to maintain

Requires a firm structure, with a board of directors

Must keep records and hold annual meetings

C-Corp

Allows for issue of shares

Owners can get preferred stock

Best option to eventually go public

Protects personal assets and liability from lawsuits

Taxed at the corporate level and at the personal level

Requires separate tax filings

Will require regular fees and forms to maintain

Requires a firm structure, with a board of directors

Must keep records and hold annual meetings

Sole Proprietorship

Doesn’t require any setup or fees

Can only have one owner

May still require licenses or forms, depending on state regulations

There is no personal liability protection

Only taxed on a personal level

Can complete taxes without a separate filing

No limited liability protection

No company structure or organizing documents

Limited business rights

Features

Allows the most flexibility in terms of management and structure

Can have unlimited members

Can be owned by another LLC, corporation, or any other legal entity

Protections & Taxes

Protects personal assets and liability from lawsuits

Offers pass through taxation for business owners

Requires separate tax filings

Negatives

Will require regular fees and forms to maintain

Can’t go public

Not recognized internationally

Features

Allows for issue of shares

Shareholders must be US residents

Owners only get common stock

Protections & Taxes

Protects personal assets and liability from lawsuits

Offers pass through taxation for business owners

Requires separate tax filings

Negatives

Will require regular fees and forms to maintain

Requires a firm structure, with a board of directors

Must keep records and hold annual meetings

Features

Allows for issue of shares

Owners can get preferred stock

Best option to eventually go public

Protections & Taxes

Protects personal assets and liability from lawsuits

Taxed at the corporate level and at the personal level

Requires separate tax filings

Negatives

Will require regular fees and forms to maintain

Requires a firm structure, with a board of directors

Must keep records and hold annual meetings

Features

Doesn’t require any setup or fees

Can only have one owner

May still require licenses or forms, depending on state regulations

Protections & Taxes

There is no personal liability protection

Only taxed on a personal level

Can complete taxes without a separate filing

Negatives

No limited liability protection

No company structure or organizing documents

Limited business rights

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Frequently Asked Questions

If you’re trying to decide if starting an LLC is the smartest choice for your business, look through these frequently asked questions. To get all of your questions answered, you can send us a message and an attorney will reach out. 

What does LLC mean?2021-05-13T16:59:55-04:00

LLC stands for Limited Liability Company. The name essentially describes the main benefit of starting an LLC. LLCs offer Limited Liability Protection, which means if a business takes on debt or is sued, the owners are separated from the company. Owners’ personal assets such as money, homes, and others possessions are protected unless there is “gross negligence”.

Is an LLC a Corporation?2021-05-13T17:01:04-04:00

No, an LLC is a business entity, like a corporation, but with a different structure. An LLC, which stands for Limited Liability Company, has limited liability protection, a lax structure, and pass through taxation. A standard Corporation also has limited liability protection but with a much more rigid structure and double taxation- once at the business level and once at the personal level.

How does an LLC work?2021-05-13T17:06:16-04:00

An LLC is simply a business structure with greater protections than a sole proprietorship or partnership. LLCs can operate any way the owner chooses because LLCs require less oversight than a Corporation. LLCs can own property, run businesses, acquire other businesses, and a litany of other acts.

What is the difference between an LLC and an S-Corporation?2021-05-13T17:07:07-04:00

LLCs and S-Corporations are both pass-through entities, which means profits and losses are passed directly to the owners, but an S-Corporation is still a Corporation. This means an S-Corporation must appoint board members and corporate officers, keep corporate minutes, and hold annual meetings. An LLC doesn’t have nearly as many requirements to operate, and offers the same liability protections as a Corporation.

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