Only $99 (plus applicable state fees)
One of the most important aspects of business ownership is trying to determine what type of entity you should file. In fact, it's one of the most asked questions that MyLLC.com receives. It is imperative that you first seek counsel from your tax adviser and lawyers prior to making any major decisions regarding your business. With the understanding that MyLLC.com does not give legal or tax advice, this is a broad-stroke definition of LLCs, which is the type of business entity that most people are familiar with.
According to IRS.com, "A Limited Liability Company (LLC) is a hybrid type of legal structure that provides the limited liability features of a corporation and the tax efficiency and operational flexibility of a partnership." The owners of an LLC are referred to as "members." Depending on the state, the members can consist of a single individual (one owner), two or more individuals, corporations or other LLCs.
Essentially, LLCs offer the best of both worlds — the pass-through taxation and hassle-free maintenance of a partnership, and the limited liability protections for the owners and operators that a corporation offers. This is why it is quickly becoming the most popular business structure available today.
If you have determined that an LLC is the right entity for your business, MyLLC.com is ready to assist you with the entire process. Let's get started!
How can MyLLC.com help you start an LLC?
- We aren’t the biggest, but we’re the best! Using MyLLC.com, Inc. means a real person will always answer the phone! You’ll get to know our staff personally as we carefully guide you through the important beginning steps of filing to do business and having your proverbial ducks in a row.
- Your filing service includes Registered Agent Service, which means your entity is protected from missing any important legal documents that could harm your business. Not sure what Registered Agent Service is? Check out our Registered Agent Service information page!
- You will be reminded annually or biennially of Secretary of State requirements to keep your business in good standing. Just like registering your car each year, your business must file reports with the state to stay active. We will send you reminders 30 days and 5 days prior to your due dates to help keep you on track! Compliance reminders are included with your Registered Agent Service so there are no extra hidden fees!
- We can handle any additional Secretary of State filings you might need such as Certificates of Good Standing, DBA or Fictitious Names, Amendments, Dissolutions and anything else you might need on the state level. Not sure what you need? Call, email or chat with us if you have any questions!
* If you have difficulties using the order form on your smartphone, try turning your phone sideways for a wider display.
What Are the Advantages of an LLC?
- Personal liability protection. Any creditors who come knocking or lawsuits filed against your business can't affect you personally. You can rest assured that no matter what happens in the business, your family's assets are safe.
- Business liability protection. An LLC is one of the only entities that prevents personal lawsuits and creditors from liquidating your business.
- No separate tax returns. With a standard LLC, the business's profits and losses are reported on your personal tax returns.
- No double taxation. With a standard LLC, the business's profits and losses are reported on your personal tax returns.
- No ownership restrictions. You can have as many owners as you need. Even other entities can be owners!
- No management restrictions. Owners can manage and managers can own - you decide.
- Flexible tax status. You can choose from a multitude of ways to be taxed, depending on what works best for your situation.
- Flexible profit distribution. You decide what percentage of the profits to give to whom - no matter how much of the company the person actually owns.
