Are you thinking about trying your hand at entrepreneurship? Is it time to start letting your professional experience work toward your own bottom line? If so, as long as you have a solid idea for a product or service, you can combine that with a lot of hard work in order to get your business off the ground. You are, however, going to really need to embrace the “hard work” end of that equation. In the early days of starting your business, you can anticipate having to spend most of your free time handling the details that come with the daily management duties of operating an enterprise. With this in mind, it is prudent to do whatever you can to make your job a little easier while also setting up your business for long-term success. One way in which you can do this is by assigning your business a legal structure, such as by forming a limited liability company (LLC). If this sounds like a good fit for you, you will also want to know your way around an LLC online form.
When you create a limited liability company, or another legal business structure, you are separating your business as its own legal entity. There are a number of ways to do this beyond just starting an LLC–limited liability partnerships (LLPs) and S- and C-corporations are also fairly commonplace in the business world. By establishing your business as its own legal entity, you are affording it many of the same rights as an individual. For example, you can use an LLC to buy property, borrow money, or even pay taxes. LLCs also come with considerable tax incentives, and they are fairly easy to set up and maintain. Read on to learn more about LLCs, as well as how you can set yours up online.
What Does an LLC Online Form Do?
There are two primary reasons that LLCs are created. The first is that they create a layer of limited liability protection between you and your business. In other words, you can protect your personal assets from bankruptcy filings or lawsuits against your business. LLCs also receive “pass-through” status with the Internal Revenue Service (IRS), meaning you can pass gains and losses incurred by your LLC to its members (owners) before they are taxed. When utilized correctly, this can do wonders for your tax bill.
LLCs are available as business structures in all 50 states, though each jurisdiction tends to have their process nuances and rules. Typically, though, you can expect to follow a general set of steps. You first need to decide on a unique name for your business, and appoint a registered agent to receive legal correspondence. From there, you can draft your articles of organization using our online form to register your LLC with your Secretary of State’s office.
We Can Help with Your Business Structure Needs
If you are looking to start an LLC, use our online forms to save yourself some time–we have fillable web applications for all 50 states. Take a moment to explore our site and offerings to learn more. You can also visit our helpful Frequently Asked Questions page to discover additional information.