Are you thinking of launching your very own business enterprise? If you have arrived at this point in your life, it is probably the result of years, perhaps even decades of professional experience. Starting your own business can be uniquely rewarding, far beyond just the financial sense. You may get immense satisfaction out of being your own boss and controlling your professional destiny. Of course, before you can open your doors for business, there are a number of important matters that you will need to address. You will need to create a dynamic digital marketing plan that sets you apart from your competition. You will also need to make key hiring decisions about who you will invite to join your team. You may also want to explore the idea of giving your business a legal structure, such as that of a limited liability company (LLC). If you do decide to follow that path, you should also learn how you can complete an LLC application online with your state.
Limited liability companies are particularly popular among new business owners. The reasons for this are many, but primarily it is due to the fact that LLCs are available in all 50 states, and they are relatively easy to set up and get running. It will vary a bit depending on your state, but LLCs also do not typically require much in the way of reporting. As you will discover, LLCs also provide their members with a number of valuable benefits, which often make this business formation a no-brainer.
Processing Your LLC Application Online
On a basic level, an LLC is its own legal entity. With an LLC, you can borrow and lend money, purchase property, and hire employees, all in the name of your business. An LLC also grants its members the protection of limited liability. This means that should your business suffer bankruptcy or face costly lawsuits, the LLC’s members will be able to shield their personal assets. In other words, you do not need to worry about potentially losing your home or retirement accounts due to a legal judgment.
With an LLC, you will also receive “flow-through” status with the Internal Revenue Service (IRS). This means that profits generated by your business directly are not taxed until they pass through to the members of the LLC, who will then pay taxes on their individual incomes. As you can likely deduce, this is a significant incentive for a budding entrepreneur.
To fill out your online LLC application, you will need to select a unique name for your business that is not already registered with your Secretary of State’s office. From there, you will need to designate a registered agent to receive all legal correspondence on behalf of your business. With those matters resolved, you can then process your articles of organization with the state. This document will call for some basic information about your LLC and its members.
Use Our Forms Today!
At Corporation Center, we have easy-to-fill web forms to create LLCs in all 50 states. If you would like to learn more about how we can help your business, visit our Frequently Asked Questions page, or contact one of our customer service agents by phone or email today.