Formation of LLC
LLC is the most common type of business entity that combines the benefits of both corporations and partnership firms, having limited liability and less documentation. You get limited liability and simple procedures. The pros of the two types of entities combine in this type of entity. Creating an LLC is a detailed process but is not difficult.
Forming an LLC is not a hectic job but involves some paperwork and formalities. And we at EZCorporates do it efficiently. Here are the steps you should follow.
We realize that it is a very time taking and difficult job to complete your application so it passes through the checklist of authorities. But EZCorporates is with you in that, and your application will surely get approved.
Decide a Name: Naming the LLC is the first thing you need to do. EZCorporates make sure the name is not already registered by someone else; this makes the process faster. Unique and distinguishable names are approved earlier.
Even if you are not prepared for the registration of the business, we can reserve the name for your business. Another mandatory condition is the name should have the word LLC or limited liability corporation. And it should not sound or express any relation to government organizations.
Formation Document: The LLC is incorporated when it gets the unified business identifier number/file number. And we will get this when we submit the formation certificate to the authorities. And once the document is verified, the LLC gets the number. It will also be used as your registration number with the various licensing organizations like revenue departments, IRS. EZCorporates will prepare the document for you, so there are no chances of mistakes and delay, ensuring no hassles for you.
Prepare bylaws/ Operating agreement: A LLC has an operating agreement. Which prescribes how the organization will operate, rules for members, and others are prescribed in it. EZCorporates advise preparing it for avoiding any clashes in the future. Our team is available for assistance and preparing a tailor-made, suitable agreement for your business.
Get EIN: We will make sure that your application passes through and you get the EIN. It stands for an employer identification number, the tax ID of the company. After this, you can open your bank account, file tax returns, and make payments.
Benefits of an LLC
Each form of entity has its benefits. By looking at the benefits of setting up an LLC, you will get enough reasons to go a step ahead.
Separate legal entity: An LLC has a separate legal entity from its members. And that works as a benefit for both the members and the firm. The liability of members will be limited to business assets only. Their assets cannot be charged to pay off the debts.
The simplicity of structure: An LLC is an entity with the benefits of a corporation and a partnership firm. And thus, it depends on owners how simple or complex an organization they want to create.
Why EZCorporates?
Time-Saving: Formation of LLC can be a time-taking procedure. Especially when you’re not aware of the technicalities and legalities necessary. Therefore, we make sure your work is completed timely with no errors in the application.
Guidance all through the formation- After knowing the process to register your corporation, you understood all the steps. But the job of incorporating an LLC is legal and needs accuracy and expertise. Filing of various forms, calculating correct fees, drafting several documents like formation certificate, bylaws, etc. All such tasks have to be done precisely so that your application does not get rejected by the state.
Expert solutions- We at EZCorporates have qualified professionals who ensure that all the forms and formalities in your application are complete. From selecting the name, getting the certificate, and starting the business, we assist you in every state.
Hassle-Free Experience- We know the process entirely, and that is why we can assure you that you will not face any delay in getting the certificate. You will not need to worry about the legalities and get lost in the jargons.
Regular Communication- Your journey with us will be very transparent, and you will be able to see it. Furthermore, our team will be available to assist you now and then.
Transparency in application movement- Hiring us will give you a clear understanding of how your application gets processed, and transparency in the movement of your application. It helps you to understand the process and witness the process flow also.
FAQs
Should I register for an LLC?
Yes. The major benefit is you get features of both a partnership firm and a corporation. The liability of members is limited, less document keeping is required. But like a corporation, you can raise funds easily.
Why?
As an LLC, you can choose whether you want to file tax returns as a C-corp or a partnership. single-member LLCs can file as a sole proprietorship.
How can I register an LLC?
For registration, you have to complete the steps accurately and efficiently:
- Choose a name
- Fill the formation document and get it approved.
- Prepare bylaws
- Get EIN
Any error would delay the process. And to ensure that the process gets complete on time, you can subscribe to EZCorporates. We will take care of the complete process required to register your business as an LLC. It will save you time.
How is an LLC Different from a C corp?
An LLC has features of limited liability, less record-keeping, pass-through entity, lower tax liability, open ownership structure. The requirements of maintaining records and holding meetings are not mandatory for an LLC.