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LEARN ABOUT INCORPORATING

What is a Limited Liability Company?

An LLC or Limited Liability Company is a separate legal entity (business structure) from the owners of the LLC.  An owner of an LLC is frequently referred to as member.  An LLC is referred to as a hybrid of a corporation and a partnership.  The members of a limited liability company are shielded from personal liability and profits and losses may pass directly to the members without taxation of the LLC itself.

What are the advantages of an LLC?

An LLC offers primarily two benefits.  First and foremost, an LLC provides the members protection from personal liability.  Second, an LLC provides certain tax benefits.  That is, an LLC allows for the pass through taxation to its members. 

An LLC is similar to a corporation because it has (a) limited liability; (b) free transferability; (c) continuity; and (d) centralized management.  The taxation of a limited liability company is comparable to an "S" corporation.  However, unlike an "S" corporation and LLC can have an unlimited number of shareholders or "members" as they are known in an LLC.  Additionally, there are no restrictions on who is a shareholder as there may be with an "S" corporation.  Thus, an LLC is similar to a corporation because it allows for protection from personal liability and simultaneously it is similar to a partnership because it allows fro pass through taxation.  Therefore, an LLC is commonly referred to as hybrid corporation/partnership.

Do I need an attorney to incorporate?

While you may consult with an attorney to form your LLC, it is not necessary.  We will do all the work necessary to form your new LLC.  Simply complete our online order form, or call us at 866-419-3812 and speak to a representative to save time and money.

What is the organizational structure of an LLC?

The company may be directly by the members or members may designate a manager.  If management is by the members then each member is a manager of the company.

Naming the Corporation

The owner can chose any name for your LLC that you prefer, however, the name must not be the name of an existing LLC, i.e., the name must be distinguishable.  As part of our service, we will perform the preliminary name check for you. 

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