Incorporate business in U.S.
What is an LLC - Limited Liability Company?The organization and structure of a Limited Liability Company, LLC, combines elements of both incorporation and partnerships. Forming an LLC is more involved than establishing a partnership, but it is less complicated than the creation a corporation. Once the LLC is formed, its business name can be used to file for a tax identification number and to open a company banking account, credit line, etc.
Like a corporation, an LLC provides limited liability protection. And, like a partnership, the LLC allows profits and losses to pass through the company to the members/owners, without direct taxing of the company itself.
How is a limited liability company different from a corporation?Pros
How is a limited liability company different from a partnership?Pros
Filing the documentation to create a limited liability company does not require a lawyer. But, if a lawyer, accountant or financial advisor is not consulted, it is very important to thoroughly research all of the options that are available for structuring the LLC. Tax benefits and liability protections rely on careful attention to the rules and regulations that govern all aspects of the limited liability company model.
Want more information about registering a company? Visit our Guide. Check out incorporation fees by each state. Tip: Did you know that Delaware and Nevada are top two incorporation states? Ready to register a company? Choose one of these great online incorporators:
©2024 Incorporate America.com, Form a Company informational site. About Privacy Site map
Information here does not constitute a legal advice. Please contact an attorney or accountant for specific expertise.