Starting your own business is not without a certain amount of risk. When you are investing significant amounts of time and energy into your own venture, it is prudent to do whatever you can to circumvent potential pitfalls down the road. You can tailor a business plan that is sound in its projections and keep your overhead as low as possible–this prepared, conservative approach can pay dividends. Still, unexpected events happen, and bankruptcy and lawsuits are commonplace in the business world. For this reason, Limited Liability Companies (LLCs) are often favored by entrepreneurs. Before you open up your business, you may want to consider completing an LLC online application.
As a business owner, you are accustomed to navigating paperwork. Chances are there are a number of documents requiring your signature before you have even had your first cup of coffee of the day. By forming your LLC online, you can save yourself a fair deal of hassle, and at Corporation Center we can help you get your company up and running in no time.
Why Choose a Limited Liability Company?
LLCs remain a popular business structure in all 50 states–and for good reason. When you set up an LLC you are creating a layer of protection between your business and your personal assets. This is accomplished through the legal concept of “limited liability.” In the event that your LLC faces bankruptcy or is subject to expensive lawsuits, members of the LLC will be able to shield their homes, bank accounts, and other assets from any resulting judgments. Knowing that this protective barrier is in place can afford you peace of mind when starting a business.
The other main draw to forming an LLC pertains to taxes. As a “flow-through” entity, an LLC does not need to pay taxes on the income it generates as a business. Rather, those profits pass through to the members of the LLC who will then pay income taxes to the Internal Revenue Service (IRS).
An LLC also provides a level of freedom in management style. You can dictate which members have certain responsibilities, which is in stark contrast to s-corps and c-corps.
Submitting Your LLC Forms
If you believe an LLC makes sense for your business, you will need to complete some paperwork. Specifically, your local Secretary of State’s office will call for Articles of Organization (or a similarly-named document). In most states, you will also need to select a completely unique name for your business that is clearly distinguishable from any other registered LLCs.
You will also need to designate a registered agent. The role of this individual is to receive all government, tax-related, and legal correspondence on behalf of your business. Not only is this typically required, but it is a helpful bit of organization that can help your business function.
Complete Your LLC Online Application Today
No matter which state you would like to form your LLC in, Corporation Center has you covered. We feature concise, easy-to-navigate web forms for LLC documents in all 50 states. We also have a host of other helpful online documents for business owners. To learn more about our services, contact one of our customer representatives today.