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CREATE AN LLC

Verify Company Name Availability.
Preparation of Articles of Organization.
Filing Documentation with the State.
Registered Agent Service.
Dedicated Business Specialist.
Same day processing.
Startup Business Tax Consultation.
Contact Us anytime for Updates.
Online Delivery of LLC documents.

What is an LLC or Limited Liability Company?

This hybrid entity brings together some of the best features of partnerships and corporations. Forming an LLC is a great choice for entrepreneurs who want to formalize their business and gain credibility.

As corporations, the owners of an LLC are usually not personally responsible for business debts. By default, a single member LLC is considered a disregarded entity and an LLC with 2+ members is considered a partnership. On its default tax status an LLC does not pay taxes on its profits, but in its place, proceeds and losses are “passed through” to the owners, then the owner will declare that income on their personal tax return. If you do not want this default tax status you have 75 days after your company is created to change its tax treatment.

Advantages:

  • According to the default tax classification, an LLC is considered a Pass-through taxation entity, the profits are taxed at the owner’s level, not at the LLC level (no double taxation).

  • An LLC can elect to be taxed as a sole proprietor, partnership, S-corp or corporation, providing much flexibility.

  • LLCs have much less administrative paperwork and record keeping.

  • The LLCs gives protection to the owners on liabilities for the debts of the business.

  • There no restriction to who can be an owner of the company, foreigners and other companies can be owners.

Disvantages:

  • An LLC with its default tax status, owners are subject to self-employment income. Unlike corporations, the LLCs income will be tax at members(owners) personal tax level which in most cases will be subject Medicare or Social Security.

  • Unlike a corporation an LLCs normally do not have a board of directors composed of a President, Vice-President, Secretary, Treasurer or directors instead it’s made up only by managers and members.

  • The LLC cannot issue stoke(Common Stock or Preferred Stock) shares to prospective investors, this limits the ability of the LLC to raise capital.

Commonly asked questions on forming an LLC

If you have any questions about registering an LLC give us a call or send us an email.

  • The process of registration normally takes from 1-2 weeks in most States.
  • Foreigners and other companies can own it.
  • The formation of the LLC can be done all Online.
  • After your company is approved the next step is to apply for an EIN.
  • Only in a few cases will you received a physical document as in most states the documents are delivered electronically.
  • You do not have to immediately start operating your business.
  • Once open the LLC can be closed at any time.
  • Federal Income tax returns are not filed with the IRS until the next year.
  • You do not to have to hire employees.
  • An LLC can be formed with only one owner.

¿Do you need help or has any doubt about the process?

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