Setting Up an LLC FAQs

Setting Up an LLC

Are you looking into Setting Up an LLC but want to be sure it’s the right thing to do? Do you go back and forth between starting a partnership, a corporation, or an LLC? When you’re starting your business, you want to make sure that you take everything into account before you make a decision. The Corporation Center has helped so many who are in the exact position you are right now: trying to figure out what’s right for your situation. These are some of the questions we’ve been asked. 

I Have a Startup. Should I Start an LLC? 

An LLC can be very good for getting your startup going. That’s especially true if there will be others who own your startup with you. An LLC, when set up right, can potentially protect all business owners. So, an LLC can help protect all of your assets in the event that your business goes through a “dry spell,” suffers losses, or even fails. Keep in mind: you’re going to want to set up documentation that lays out everyone’s authority, how profits are shared, responsibilities, and so forth. 

Would I Be Better Off Setting Up an LLC or Being Self-Employed? 

You might be, but many opt to set up an LLC just so they can save money on their taxes. Those who would perhaps best be served by being self-employed are those who are just starting a business that is as low-risk as can be, with a minimal chance that they suffer much in the way of losses, if anything at all. Most, however, when starting a business, find the protections of an LLC to be very helpful indeed. 

What Business Entities are Available Other Than an LLC? 

This depends on which start you want to start your business entity in. For example, many states make it possible to form a wide range of corporations. Many of these can be nonprofits in addition to for-profit corporations. By that same token, here at The Corporation Center, we have helped many to form different kinds of partnerships. 

These partnerships can be a Limited Partnership, a Limited Liability Partnership, a General Partnership, or even a Limited Liability Limited Partnership

Now, not all of those entities are going to be available in every state. Some are only recognized by a few states. If there’s a business entity that you can set up in your state, you can do so through our site.

Setting Up an LLC

Where Can I Set Up an LLC? 

Essentially anywhere in America. Here at The Corporation Center, we offer forms to start business entities practically anywhere. Yes, so many choose to incorporate in Delaware, and indeed, you can find all of the forms you’ll need to start your Delaware business here. 

However, Delaware isn’t the only state that affords any number of business benefits. Florida, Texas, New York, California, West Virginia, and so many other places – if you want to start a business, we can be right there by your side. To see how we can help, click here.