Have you always dreamt of owning your own business? If you are interested in putting your years of experience to work in launching your own enterprise, there are some practicalities that you will want to consider. First, you will need to get a sense of your market to determine whether or not your business plan is viable. You will also need to decide on whether or not you will require a retail front or other form of office space. Also, very importantly, you will have to hire an excellent team, which any business owner will tell you is one of the toughest aspects of getting off the ground. With a business plan in place, you may also start thinking about a legal structure for your business. One common question new entrepreneurs often ask is, “How do I start an LLC company?”
Starting a Limited Liability Company (LLC) is generally a wise move for most businesses. The benefits and flexibility of these organizations have a broad appeal, and forming an LLC can be done relatively easily. Before you start thinking about putting together the paperwork, though, you will want to learn a bit more about the nuances of an LLC, as well as how you can form one in your state.
What Is a Limited Liability Company?
If you have spent any time in the business world, or really just engaging in commerce, you have likely spotted the three letters “LLC” at the end of many companies’ names. This is for good reason, as LLCs offer a number of valuable incentives.
One of the main draws of LLCs for entrepreneurs is the concept of “limited liability”. An LLC, when established, is its own legal entity. This means that in the unlikely event of bankruptcy or a disastrous lawsuit, you can shield your personal assets such as your home, as well as savings and retirement accounts.
LLCs also come with tax advantages. Per the Internal Revenue Service (IRS), an LLC is what is considered a “pass-through” organization. In simple terms, that means that profits pass through the LLC to the individual members before they are taxed. This is a stark contrast to certain corporate structures, which can find themselves effectively taxed twice.
How Do I Start an LLC Company? By Working with Us!
How you go about forming an LLC will vary slightly from state to state, but most often you will need to complete articles of organization. This document calls for some basic information about your business as well as its members. One of the perks of an LLC, however, is that the amount of paperwork is often limited. As such, articles of organization are rarely complicated documents, and you can complete yours online at Corporation Center.
We feature easy-to-use web templates to form LLCs in all 50 states. We also use an encrypted web portal to transmit your personal information, so you can trust that your data is in safe hands. If you would like to learn more information about forming an LLC using our website, call or email us today.