Could an LLC be the right fit for your prospective business? What makes a company an LLC? Are there benefits or requirements that you should be aware of? Our team can answer these questions and more.
What Makes a Company an LLC?
An LLC is a very helpful designation for a lot of prospective business owners and for a variety of reasons. However, a lot of people aren’t quite aware of why that is. In fact, you yourself might be wondering what makes a company an LLC and what that entails for the business in question. Here, you will find everything you need to know to figure that out.
LLC Requirements and Guidelines
An LLC, or limited liability company, is a specific form of a private limited company that’s unique to the United States. What makes a company an LLC? It’s a business structure that can combine the pass-through taxation of either a sole proprietorship or a partnership with the limited liability of a corporation. So, an LLC is not a corporation under state law, but rather a legal form of a company that provides limited liability to its owners in many jurisdictions. These are known for the flexibility that they provide business owners, for an LLC may elect to use corporate tax rules instead of being treated as a partnership, among other options. When looking to start a limited liability company, know that every state will have different rules and regulations. You can find these here on our site.
How to Create Your Own LLC
Once you’ve determined whether or not the LLC designation is right for your own prospective business, it will be time to apply for the status. This is a process that must be done with the Secretary of State of the state where you’re doing business. Every state will have different rules when it comes to applying, which can make it difficult to give some general recommendations. However, lucky for you, everything you’ll need, regardless of what state you’re in, can be found right here for you. At the Corporation Center, we are always making an effort to provide prospective business owners with the forms and applications that they need to submit in order to, not just find out what makes a company an LLC, but to create and establish their own LLC.
Get Your LLC Started
Once you’re certain about what it is that you want for your corporation, you need to file for the necessary documentation. In order to do this, you simply head over to the category you need in the menu. This will give you the option to fill out the form directly on the website so that you don’t have to print any applications or write them out by hand. Not only that, but you will be able to directly submit the forms to your Secretary of State with no delays or issues whatsoever. The Corporation Center is here to help you at every step of the way so that you don’t struggle with forming your corporation and getting your business started.