LLC Business Creation Services
Our team of advisors can help you design the ideal structure for your company. We offer a flat fee service that includes creating all necessary company documents and advising on local business licenses. We aim to ensure your business fully complies with all federal, state, and local requirements. Additionally, we provide ongoing support to help your business thrive beyond its inception. Whether you need guidance on financial planning, marketing strategies, or operational management, our experienced consultants are here to assist you.
Clients are responsible for providing accurate and complete information necessary for the successful creation and registration of their business, responding promptly to requests for information and feedback to avoid delays, and ensuring compliance with all applicable laws and regulations.
Clients are responsible for providing accurate and complete information necessary for the successful creation and registration of their business, responding promptly to requests for information and feedback to avoid delays, and ensuring compliance with all applicable laws and regulations.
Benefits of Establishing an LLC:
- Limited Liability Protection:
- One of the primary benefits of an LLC is the limited liability it provides to its members (owners).
- The member's assets are generally protected from business debts and liabilities.
- Pass-Through Taxation:
- Like S-Corporations, LLCs are typically treated as pass-through entities for tax purposes.
- This means that profits and losses pass through to the members' individual tax returns, avoiding the double taxation associated with C-Corporations.
- Ownership Flexibility:
- LLCs can have a flexible ownership structure.
- Members can include individuals, corporations, other LLCs, or foreign entities. The number or type of members is not restricted.
- Profit and Loss Allocation Flexibility:
- LLCs offer flexibility in how they allocate profits and losses among members.
- This flexibility can be advantageous for tax planning and accommodating the individual financial needs of members.
- Transferability of Interests:
- While membership interests in an LLC are not as easily transferable as shares of stock in a corporation, the operating agreement can outline the process for transferring ownership interests.
- Reduced Compliance Requirements:
- Compared to corporations, LLCs often have fewer ongoing compliance requirements. There may be fewer annual filings, and the reporting obligations are generally less burdensome.
- Separate Legal Entity:
- Like corporations, LLCs are considered separate legal entities. This separation provides legal protection for the members' assets.
- Asset Protection:
- In addition to limited liability, an LLC may offer some asset protection, making it more difficult for creditors to access the members' assets.
Services included in an LLC Business Creation:
- File business with the IRS for the Employer Identification Number (EIN).
- File the Articles of Organization with the Secretary of State (SOS) or other applicable state entity.
- Create an Operating Agreement for the LLC.
- Create Annual Minutes for the LLC.
- Create Form W9 for the LLC.
- File the State Registration for the new entity with the SOS or other applicable state entity.
- Instruct client on opening a business checking account and support client where needed and as necessary.
- Support the client in paying any minimum tax due to the applicable state entity from the business checking account.
- Research requirements for, support, and set up the following as needed: Fictitious Business Name (FBN), Doing Business As (DBA), Workman’s Comp, Business License(s), and Sales & Use accounts and permits with the applicable state entity.
- Research and support all federal, state, and local requirements to ensure compliance with the business moving forward.
- We will set up a new QuickBooks Online (QBO) account for the entity.