Business owners are key to the foundation of the United States economy. In all 50 states, businesses of varying shapes and sizes flourish, granting livelihoods to their employees and meeting the needs of consumers. Different states, however, can have different laws pertaining to businesses and how they are formed. While some states are more business-friendly than others, one constant is that every state allows for the formation of Limited Liability Companies (LLCs). If you are considering creating an LLC and looking for an LLC online form, look no farther than Corporation Center.
These days, so much of the business that we used to conduct via mail takes place online. It is where we pay our bills and where we contact our customers and associates. With this in mind, it makes sense that you would be able to process business formation documents electronically. Every state will still permit the traditional method of submitting handwritten forms, but with a private service such as ours, you can save yourself valuable time and energy.
Understanding the Concept of Limited Liability
Even the most sound and comprehensive business plan cannot account for everything. Sure, you understand your market and feel confident in your projections, but there is always the possibility of the unexpected. By forming an LLC, you create a barrier of protection in the event that your business faces expensive lawsuits or bankruptcy.
With “limited liability,” members of an LLC cannot be found personally liable for judgments against their business. More plainly, you can shield your personal assets from lawsuits or bankruptcy. Understandably, the appeal of an LLC is strong among entrepreneurs and they are incredibly popular across the country.
The Benefits of a Pass-through Tax Status
Taxes are simply an accepted cost of doing business. As an owner, however, you are always looking for ways to limit your tax liability so that you can put more investment back into your business. With an LLC, the Internal Revenue Service (IRS) will deem your business to be what is called a “pass-through” entity. This means that any profits created by your business will not be taxed off the top. Instead, those funds will flow through to the members of the LLC, who will pay personal income taxes to the IRS.
As you can likely deduce, this is a considerable perk to having an LLC. Still, it may be in your best interest to consult with a seasoned tax lawyer when forming your business as they can thoroughly advise you of your options.
Process Your LLC Online Form Today
If you have decided that you wish to form a limited liability company, you have two options on what happens next. In the first scenario, you can locate, print, and complete your articles of organization by hand, then return them to your local Secretary of State’s office for processing.
Your second option is to work with us at Corporation Center. We offer convenient, online forms for setting up an LLC in all 50 states. To learn more, contact one of our friendly customer service agents today.