An LLC, which stands for limited liability company, is a business entity and
a way to set up a business legally . Making an LLC helps protect the business owner's personal
assets, much like a big company would, by keeping the business and personal things separate.
When it comes to taxes, an LLC often acts more like a business run by one person because
any money made or lost is reported on the owner's personal taxes.
If you're considering whether to form an LLC for your business, consider these two questions:
A "Yes" response to either question suggests that establishing an LLC could be beneficial for your business.
If your business involves co-owners or employees, the possibility of legal action is a risk to bear in mind. The protective 'shield' of an LLC becomes invaluable, safeguarding the owner's personal assets from any potential lawsuits.
To start an LLC, or limited liability company, you need to follow the below steps:
Each ContractsCounsel package includes the preparation and filing of your Articles of Organization.
Our name search service is included in each package so you can reserve the name you want for your business.
Get your EIN for taxes, opening bank accounts, and hiring staff for your new business.
Each package comes with an Operating Agreement template so you can establish guidelines for your LLC.
ContractsCounsel offers Registered Agent services so that you never miss an important mailing or communication.
ContractsCounsel offers a Compliance Service to receive reminders on important filing deadlines so you stay compliant.
All fees are transparent and upfront, so that you know exactly what you're paying at all times.
Have questions? Get help from dedicated customer services professionals whenever you need.
Select your desired business name and we'll make sure its available for use.
Choose the state you want to form your LLC in.
Fill out some questions about your business so we have all of the right information.
Assign a registered agent to receive important mailing on your behalf.
Fill out an Operating Agreement template to set up guideslines for your LLC.
Receive an EIN so that you can open bank accounts, pay taxes, and hire staff.