Forming A Limited Liability Corporation?

A Limited Liability Company or LLC is a mixture between a partnership and a corporation. An LLC protects the owners from personal liability on the company's debts just like a corporation with the tax-benefits of a partnership or a proprietorship firm. Below I have formulated some strategies to help form a limited liability company. There are some similiarities between an LLC and an S-Corporation, however, knowing what your needs are will help determine which structure will suit your vision best.

The Steps To Take In Forming An LLC:

1.Company's Name: Choose a company name to form the LLC. The name must meet the regulations of different states. The Corporate Company can help you with selecting your organization's name and temporarily holding it for FREE. Where other organizations will charge a fee for this we do not.


2.Trademark: Follow the state's rules for establishing a trademark. This is something we can assist you with. We have developed several very cost effective ways to keep these costs low for you and your organization.


3.Number of LLC Members: The minimum number of people required to form an LLC is one. There is no set limit to the number of LLC members. From the business and technical feasibility angle, it is best to keep the number of members as low as possible. Keep in mind, this is a working group. Some members may contribute different things to the group, however, the larger the group, complexities may arise more often.


4.Registered Agent: A registered agent or agent for service of process is a person or group, who is authorized to receive all the legal papers for the company. The Corporate Company acts as your registered agent so you can simply tend the business. We handle your state documents, reminders, formal certifications and all records regarding your articles of organization.


5.Filing the Articles of Organization: File the articles of organization, also known as the certificate of organization or the certificate of formation, with your state government's LLC department. The LLC division is generally a part of the corporations department and the corporations department belongs to the Secretary of the State's office. The fees for filing the articles range between $40 and $900, according to the state's policy. However, keep in mind we perform your incorporation at no additional fee, so we will take care of the filing details for you!


6.LLC Agreement: An LLC agreement lists all the details about the organization, including the general management of the LLC, information about its members their roles and responsibilities, their voting rights, their percentage of share in the business, their individual degree of profits, and the buying and selling rules. The LLC agreement may be formed prior to or after the filing of the articles of organization. The agreement may be written or verbal as agreed upon by the majority of the members.


7.Local Registration: For the local registration of an LLC, the owner needs to fulfill the prerequisites, such as getting a business license, getting a tax registration certificate, getting a seller's permit, getting a zoning permit and registering the LLC company's name. The company's name is registered once the owner files the articles of organization. We will walk you through this process the same way, not many of the details differ whether you are looking at local, state, or national service.


We're going to be with you every step of the way. If a Limited Liability Corporation is what you or your group are looking for, let us know. We're confident that we fit all budgets, especially when our services are FREE!