Establish your LLC with LLC Business Filer - BASIC PLAN

A Limited Liability Company (LLC) is a type of business structure that combines elements of both corporations and partnerships or sole proprietorships. It offers flexibility in management and taxation, along with protection from personal liability. Here's what defines an LLC:

1. Limited Liability Protection:

• The owners (called members) of an LLC are generally not personally liable for the company's debts and obligations. This means their personal assets (homes, cars, etc.) are protected in case the business faces legal action or bankruptcy.

2. Pass-Through Taxation:

• By default, LLCs are not taxed as separate entities like corporations. Instead, profits and losses pass through to the members, who report them on their personal tax returns. This avoids double taxation (where income is taxed at both the corporate and personal levels).
• However, an LLC can elect to be taxed as a corporation if desired.

3. Flexible Management Structure:

• LLCs can be member-managed, where the owners run the business, or manager-managed, where one or more managers (who may or may not be members) handle day-to-day operations.

4. Fewer Formalities:

• Compared to corporations, LLCs are generally easier to form and maintain. They have fewer formalities such as required board meetings, corporate minutes, or complex reporting requirements.

5. Flexible Ownership:

• An LLC can have one or more members, and these members can be individuals, corporations, or even other LLCs.
• Ownership percentages and profit distribution don’t have to match the amount of investment each member has made, offering more flexibility in structuring the business.

Overall, an LLC provides a flexible and relatively simple way to structure a business while offering protection from personal liability for its owners. It is popular among small businesses and startups because of its benefits compared to other structures like sole proprietorships and corporations.

The requirements for establishing a Limited Liability Company (LLC) vary slightly by state, but the general steps are similar. Here's an outline of the typical process

1. Choose a Business Name:

• The LLC's name must be unique and meet state regulations.
• It usually needs to include "LLC" or "Limited Liability Company."
• Check with your state's business registry to ensure the name is available.

2. Appoint a Registered Agent:

• A registered agent is required to receive legal documents on behalf of the LLC.
• This can be an individual or a business entity authorized to do business in the state.

3. File Articles of Organization:

• Submit the necessary paperwork (often called Articles of Organization or Certificate of Formation) to the state.
• This includes basic information like the LLC’s name, address, and the names of its owners (members).
• Filing fees vary by state, ranging from $50 to $500.

4. Create an Operating Agreement (optional but recommended):

• The operating agreement outlines the ownership and operating procedures of the LLC.
• It’s not required in all states but is useful for outlining how the LLC will be managed and how decisions will be made.

5. Obtain an EIN (Employer Identification Number):

• If the LLC has more than one member or plans to hire employees, an EIN is required.
• It’s issued by the IRS and can be applied for online.

6. Register for State Taxes and Business Licenses:

• Depending on your state and business activities, you may need to register for state taxes and obtain relevant business licenses.

7. Comply with Ongoing State Requirements:

• Some states require LLCs to file annual reports or pay franchise taxes.
• Ongoing compliance can include maintaining a registered agent, renewing business licenses, and keeping accurate records.

LLC Business Filer will help ensure that your LLC is legally established and compliant with state and federal regulations.

LLC Business Filer charges a flat fee of $0 plus State fees to file Articles of Organization to establsh a LLC in any State or Territory.  The State fees vary by State or Territory.  

Fee Summary:

• LLC Business Filer Fee: $0
• State or Territory Fee: Varies By State/Territory