3 Methods of Forming an LLC

John Thacker 03/01/2021 0 Comments
3

Today, more and more business owners in the United States are eyeing to become an LLC. A limited liability company is preferred by small business owners mostly, up-and-coming entrepreneurs that want to take their business to the next level. The question would be, how do you form an LLC? To answer that question shortly, there are three main ways to form an LLC. You can form them yourself by paying the state filing fee. You could hire a legal advisor to form your LLC, or better yet, use an online incorporation service that is cheap, fast, and credible. (Please visit this link for the best online llc formation of 2021)

Let’s take a look below at how to form an LLC:

Forming It Yourself

This might be the most complex and difficult method, but it will cost you the least out of the three possible methods. Forming an LLC can take up to 120 days to form depending on what state you are in and the completion of the state’s requirements. Small business owners tend to choose to form an LLC because they don’t want to spend extra money on LLC formation services or lawyers. And that is perfectly understandable because if you do it yourself, you will only pay the state fee of around a measly $40. To form an LLC, you will need to:

  • Understand your state’s LLC formation requirements.
  • Determine your LLC name. (must be a name that other companies have not yet used)
  • Select a registered agent that will be responsible for your company in the event of lawsuits
  • File your articles of organization. (some state call its certificate of organization)
  • Attach the necessary documents like a business license, employee identification number, your taxes ID numbers, etc, to the state’s website.
  • Pay the state filing fee.

Forming It Using a Lawyer

LawyerUsing a legal advisor or lawyer is the most expensive method out of all three, but it has a high percentage of succeeding due to the lawyers’ well-versed knowledge of the LLC law. They cost roughly $1000 up to $2000 depending on which firm you’re engaging with. The biggest benefit to cheer you on from spending all that dough would be that the state would likely approve your LLC formation because your hired attorney will draft a convincing contract that can protect your rights and anticipate any liabilities that may come your way. That contract will save your business twice or even triple the money from possible costing lawsuits.

Forming It Using Online Formation Services

LLCThis method is gaining a lot of popularity these days and the cost is not that bad which is around $100 to $900 depending on the businesses themselves. An LLC formation service can help you file and apply all of the necessities and requirements without much hassle. You will have to provide them with your basic information and documents like personal ID, Employer Tax ID, Sales Tax ID, etc., and they will do the rest. If you don’t want to put in the effort and spend a lot of money, this might be the best possible route for your LLC formation.

 …

Read MoreRead More

Factors to Consider When Choosing the Best LLC Services

Andre Burks 01/27/2021 0 Comments
a business lady

Since the quality of services you are going to choose will influence your business’s success, it is important to do your due diligence to ensure that you choose a company that you can trust for quality services. If you have friends or family members who have used these services before, it will be good to consult with them to see if they can help you make the right choice. Some of the factors that you need to consider include;

Excellent Customer Services

customer service

It would help if you chose an LLC with excellent customer services. There are some instances where you will need instant customer services. However, if you choose a company that is not keen to provide you with excellent benefits, there is a possibility that you will have some difficulties running your business. It is easy to know whether a company can offer excellent customer services. You only need to go through online reviews to get a glimpse of what other people think about the company that you want to higher.

The Reputation

The reputation of the service provider that you choose is very important. A good LLC service provider will always have a good reputation because the people who have hired their services before found their desired satisfaction. Any LLC services provider who has a good reputation is less likely to provide you with quality services. The good news is that knowing whether a company has a good reputation is a simple task. All that you need to do is to look at online reviews. If there are many positive reviews about the company that you want to hire, then that tells you that you can expect such a company to provide you with the quality services you deserve. Additionally, looking at the track record of an LLC can help you learn more about such a company’s status.

Wide Range of Services

Sometimes, it is a good idea to choose an LLC filing Service Company capable of providing you with a wide range of services. Can you imagine a situation where you have to look for different services besides the LLC Company that you are working with? That can be very inconveniencing, especially if you have a tight schedule. You can always gauge a company’s ability to provide a wide range of services the first time you meet. Besides offering a wide range of services, you should also watch the turnaround time of a company. Some service providers can take forever to complete the work you assign to them.…

Read MoreRead More