Limited Liability Company

The LLC company structure continues the modern trend of combining the best features of a partnership with those of a corporation. Its primary characteristics are that its owners have limited liability (like shareholders in a corporation) and it is taxed as a partnership, meaning that all income earned by the entity is passed through the company to the owners who pay taxes at whatever rate is applicable to them. An LLC can be created only by complying with pertinent state statutes.

Will I need an EIN number?

The IRS requires most business entities to have an EIN – corporations, LLC, partnerships, sole proprietors- who want to keep their own Social Security number private can also apply for an EIN.

By obtaining an EIN, a business owner is able to file tax returns, open a business account, and apply for business licenses.

Benefits of an LLC
Legal protection. Creating an LLC gives you limited liability for business debts and obligations. An LLC protects you and your personal assets- including home, bank accounts, and vehicle from liability if your business is ever sued.	Flexible Management: Managed by its members or appoint a manager that is not a member of the LLC. Requires fewer formalities, does not require to have a board of directors or shareholders and there is more option in setting up management structure.	One-Person LLCs: Sole proprietors may form an LLC to protect their assets from personal liability.	Pass-Through Tax Status. There’s no need to file a corporate tax return. LLC owners report their share of profit and loss on their individual tax returns, avoiding double taxation. By default, LLC’s are taxed as pass0through entities, but you can decide to be taxed as a corporation or an S corporation

Bundle		Basic $179.00 + State fees (CA: $70.00)
Entity Name Availability Check We’ll perform the search to see if your proposed name is allowed and available.		X
Entity Name Reservation Calendar expiration of name for 60 days		X
Prepare Articles of Incorporation or sometimes called a Certificate of Organization		X
LLC Filing Complete documentation and file it with the state		X

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00:03 25 Mar 22

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