Form an LLC

Having an LLC is one of the best ways to have a protected barrier between your personal assets like your house, cars and money in the bank from your business. You’ll have the freedom to run the business the way you want without all the strict formalities of a corporation. We’ll take care of all the paperwork needed to form an LLC.

Start with the right business structure

Answer a few easy questions to help you decide which one may be your best choice

What Distinguishes an LLC?

A limited liability company (LLC) is the most common form of business entity for small companies. To form an LLC is a simple process and offers several benefits and advantages to the owner.

An LLC affords the owners personal asset protection. This main advantage means members are not personally responsible for the company’s liabilities or debts, and therefore their personal property cannot be taken for the company’s debts.

Forming an LLC offers tax benefits as well, through what is referred to as pass through taxation. This means the income passes through the LLC to its members and is taxed that way, therefore it avoids a double taxation of taxing both the LLC and members separately.

Other benefits of forming an LLC include:

  • Less paperwork and fewer company formalities than a corporation
  • Fewer management structure restrictions than a corporation
  • An unlimited number of members
  • Or can have just a single member
  • Can be formed with a set expiration date or last indefinitely

What documents are needed to form an LLC?

  • Articles of Organization have to be filed with the secretary of state.
    • The Articles of Organization provide basic information like:
      • LLC’s name
      • Address
      • Agent for Service of Process
  • Operating Agreement

Why Choose Us?

What sets DoMyLLC apart from other companies that can help you form an LLC is we put all of our focus on helping you rather than beating the competition. Facets of our business philosophy include:

  • Providing competitive pricing as well as a price-match guarantee
  • Offering dependable customer care
  • Featuring a 100 percent guarantee
  • Offering professional live support

Schedule a Free Business Consultation/Speak to a Specialist

Depending on the state in which it’s formed, an LLC may or may not be required to have a registered agent, or agent for service of process. Even if not required to have one, it may still be wise to appoint an RA.

If an LLC has more than one member, they are required to obtain a Federal Employee Identification Number (EIN). If an LLC has just a single member, then a Social Security Number will suffice.

Our LLC filing packages include:

  • Articles of Organization
  • Sample Operating Agreement
    • Member managed
    • Manager managed
  • Templates to hold meetings and take the minutes of meetings
  • Compliance calendar

DoMyLLC proudly offers:

  • A price match guarantee
  • 100% customer satisfaction guarantee
  • Dependable customer care
  • Expertise and experience
  • Professional live support

Comparison Chart

  • Liability Protection

  • Pass Through Taxation

  • Articles of Organization

  • Complex Management Structure

  • Formal Business Structure

  • Perpetual Existence

  • Year Compliance Requirements

  • Raising Capital

LLC

  • Liability Protection

    LLC‘s provide personal liability and asset protection. Members (owners) are not held personally liable for the debts of the company.

  • Pass Through Taxation

    LLC‘s are not taxed at the Corporate level. The profits and losses pass through to the members to report with their personal income tax.

  • State Filing Fees

    Although fees vary by state, LLC‘s are required to pay a filing fee along with the article of organization to set up an LLC.

  • Complex Management Structure

    LLC‘s can be Member-Managed or Manager-Managed. In a Member-Managed LLC the owners(s) of the company run the day to day activities of the LLC. In a Manager-Managed LLC the member(s) elect a manager(s) to run the day to day activates of the LLC.

  • Formal Business Structure

    LLC‘s have a very informal business structure. LLC‘s have become very popular to form for this reason. LLC‘s are not required to hold meetings, document minutes of meetings, issue stock or elect directors.

  • Perpetual Existence

    LLC‘s can be either perpetual or have a finite end date. The existence term of an LLC is usually documented in the operating agreement of the company. Some states require on the article of organization to list a termination date or list a perpetual existance. If perpetual, the company will continue to exist if the member(s) die or if member(s) interests are transferred.

  • Year Compliance Requirements

    Most states require LLC‘s to file an annual report or pay a franchise tax on a yearly or biennial basis. Some states do not require any filings.

  • Raising Capital

    Since LLC‘s do not have stock to issue they can not sell stock to raise capital. LLC‘s are a separate legal entity and can earn credit, they can also obtain bank loans to raise capital. LLC‘s can get capital from existing member(s) or take on additional member(s) if approved in their operating agreement.

C-Corp

  • Liability Protection

    C-Corps provide personal liability and asset protection. Officers, Directors, and Shareholders are not held personally liable for the debts of the company.

  • Pass Through Taxation

    C-Corps are double taxed. The company is taxed at the corporate level and dividends distributed to share holders are taxed as well.

  • State Filing Fees

    Although fees vary by state, C-Corps are required to pay a filing fee along with the articles of incorporation to set up an C-Corp.

  • Complex Management Structure

    C-Corps have shareholders, directors and officers. The shareholders are the owners of the company. The directors are elected by the shareholders and they appoint/elect officers to run the day to day activities of the business. People can hold multiple offices. A C-Corp can have one person who is the only shareholder, directors and officer.

  • Formal Business Structure

    C-Corps have a very formal structure. C-Corps are required to have bylaws, hold annual meetings, document minutes of meetings, issue stock and elect directors. Failure to comply with these formalities could cause the corporate veil to be pierced.

  • Perpetual Existence

    C-Corps are a separate legal entity and have a perpetual existence. The corporation survives death and the transferring of stock by the shareholders.

  • Year Compliance Requirements

    Most states require C-Corps to file a annual report or pay franchise taxes on a yearly or biennially timeline. These fees can range from $10-$1,000 depending on state guidelines Some states do not require any filings.

  • Raising Capital

    C-Corps can raise capital through selling various types of stock. Once someone purchases stock, they become a shareholder and business owner. Since C-Corps are a separate legal entity and can earn credit they can also obtain bank loans to raise capital.

S-Corp

  • Liability Protection

    S-Corps provide personal liability and asset protection. Officers, Directors and Shareholders are not held personally liable for the debts of the company.

  • Pass Through Taxation

    S-Corps are not taxed at the Corporate level. The profits and losses pass through to the shareholders to report with their personal income tax.

  • State Filing Fees

    Although fees vary by state, S-Corps are required to pay a filing fee along with the articles of incorporation to set up an S-Corp.

  • Complex Management Structure

    S-Corps have shareholders, directors and officers. The shareholders are the owners of the company. The directors are elected by the shareholders and they appoint/elect officers to run the day to day activities of the business. People can hold multiple offices. A S-Corp can have one person who is the only shareholder, director and officer.

  • Formal Business Structure

    S-Corps have a very formal structure. S-Corps are required to have bylaws, hold annual meetings, document minutes of meetings, issue stock and elect directors. Failure to comply with these formalities could cause the corporate veil to be pierced.

  • Perpetual Existence

    S-Corps are a separate legal entity and have a perpetual existence. The corporation survives death and the transferring of stock by the shareholders.

  • Year Compliance Requirements

    Most states require S-Corps to file a annual report or pay franchise taxes on a yearly or biennially timeline. These fees can range from $10-$1,000 depending on state guidelines. Only a handful of states do not have a annual or biennial filing requirement.

  • Raising Capital

    S-Corps can raise capital through selling various types of stock. Once someone purchases stock, they become a shareholder and business owner. Since S-Corps are a separate legal entity and can earn credit they can also obtain bank loans to raise capital.

DBA

  • Liability Protection

    Owners have no personal liability or asset protection. Owners are held personally liable for the debts of the company.

  • Pass Through Taxation

    DBAs are not taxed at the corporate level. Profits and losses are reported by the owner/owners with their personal income taxes.

  • State Filing Fees

    Most DBA filings are done at the county level and do not require a state formation fee. Some states do require a state level registration and filing fee.

  • Complex Management Structure

    DBA owner/owners run ALL day to day activates of the company and have no restrictions within their role.

  • Formal Business Structure

    No corporate formalities are required.

  • Perpetual Existence

    A DBA ends with the death of the owner(s) or upon closing the business.

  • Year Compliance Requirements

    No ongoing maintenance or yearly filing requirements.

  • Raising Capital

    Capital is generally raised through bank loans since DBAs can not issue stock.

LLC’s offer a pass though taxation. Rather than assessing income tax on an LLC, the income is instead filtered through and becomes the responsibility of the individual members/owners. The same applies to losses. Fortunately, members can deduct losses from their individual taxes, but keep in mind only for the total amount of their allocated company interest.

Before you start an LLC, make sure you’re current on the latest tax info and requirements with the help of our LLC tax page.

FAQ

The LLC business structure combines the liability protection of a corporation and the tax convenience of a partnership.

Besides the benefits mentioned above, another reason to create an LLC is because you’re an entrepreneur who doesn’t want to be beholden to other partners. For operational clarity in LLCs with multiple members, it’s common to draft an operating agreement listing obligations and positions.

Articles of Organization have to be filed with the Secretary of State. An operating agreement is required although it is not filed with any agency and a tax identification number from the IRS may also be required.

See our complete FAQ list here.

Ready to Start Your LLC?

With $99 and the money required for your state fees, you can take the first step in starting your very own LLC. DoMyLLC takes care of all of the heavy lifting once you’ve completed your order and have verified and signed all necessary documents. After that, we’ll send over the remaining paperwork.

Included in our packages:

  • Articles of Organization
  • Sample Operating agreement
    • Member managed
    • Manager managed
  • Templates to hold meeting and take minutes of meeting
  • Compliance calendar

If you’re interested in more info on forming an LLC, call 888-366-9552.