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Starting your own business is not an easy thing. You have to go through piles of paperwork, sort out your finances, and figure out what business structure you need to form your company. Fortunately, there are many LLC provider firms available who provide turnkey company formation services.
These online business formation services know each state's requirements, and they have streamlined the process in a quick and orderly way. They will do the paperwork, take care of the required documents, and get your business started today!
Following is a handpicked list of Top LLC Service Providers with their key features and website links.
|Starting Plan||$49 + State Fees||$0 + State Fees||$49 (Plus state fees)|
|Order Processing Time||Same day processing||Nextbusinessday||Six-day processing|
|Operating Agreement||Yes||$40 extra||$149.00|
|Registered Agent||LLC formation package, then $119 per year||Free forone year,then $119per year||One-year free registered agent service ($125 after that)|
|Operating Agreement||Yes||$40 extra||$149.00|
|EIN Registration||$70 extra||$70 extra||$149.00|
The ZenBusiness is an LLC service provider that offers everything you need to get your business up and running. The company formation service includes article filing, operating agreement, a registered agent for service, and even a free CPA assessment.
ZenBusiness is one of the well-known LLC formation services available. Even though this company is very new and established in 2015, it already has a good reputation as a company formation service provider.
As is the case with some of the best LLC formation companies, ZenBusiness provides a plan for every budget. The three main plans on offer are the $49 Starter plan, the $199 Pro option, and $299 for Premium. These prices do not-covers state filing charge.
Incfile is a good option for forming LLC. The company has been established to provide high-quality service. This firm also helps you to incorporate your business as an LLC, S corporation, C corporation, or non-profit.
This nationwide incorporator offers free basic business formation and just charges for state fees. It also provides email reminders about your LLC's ongoing compliance requirements. Your formation documents are also saved securely online.
There are three packages available: Silver, Gold, and Platinum. They cost $0, $149, and $299 respectively, + state fees, of course. The starting Silver package is completely free, including the full registered agent service charge for one year.
Northwest is one of the best LLC service providers which offers top-notch customer service. This company formation firm makes it easy for anyone to form an LLC. However, their prices are higher than every other company in this guide.
The firm provides some of the best LLC filing services in the United States. This company provides a three-tiered service for the formation of LLC companies in the USA.
This company formation firm offers its basic plan at $79, which includes everything you'll need for the initial business formation process, like name search, registration, and filing of all the legal documents.
The $179 Deluxe package includes all the services from the Basic plan and covers Employer Identification Number. The Operating Agreement details your LLC ownership structure of your LLC.
Inc Authority offers a free LLC service in addition to paid packages. This LLC filing service has been around since 1989, and they have formed more than 130,000 business entities over the years.
This is one of the best online LLC formation services providers, which offers several features that still make it well worth a look for entrepreneurs on a budget. This website is an ideal option for new business owners seeking basic LLC formation services.
The basic package is FREE + State Taxes. This is one of the best online LLC formation firm, that has three paid plans: the $399 Starter. They also offers $499 Executive, and the $799 Tycoon bundle.
Rocket Lawyer is an LLC service provider firm that offers legal services subscription plan. Customers enjoy attorney consultation at fraction of standard costs.
They also offer one of the best online LLC formation service and have served more than 20 million clients over the years. They also command strong customer reviews.
MyCompanyWorks offers a wide variety of company formation services. This is one of the best LLC filing service provider that helps entrepreneur start and develop businesses. It fits the bill as a mid-size company as it is one of the best LLC filing service provider in the LLC services industry. They also offer fast turnaround, even on the basic package.
LegalZoom LLC service firm helps you get your business up and running at minimal cost with its basic company formation package. This firm is one of the leaders in the business formation sector.
You will get 7-day customer support with LegalZoom's package, plus you will get added benefits like company certificates and professional legal advice.
BizFilings is an experienced LLC formation service, with over 500,000 business filings since 1996. Their entry-level price is low, and all their LLC formation packages include 6 months of registered agent service.
Swyft Filings is another firm that offers LLC formation services for small businesses and entrepreneurs. The company provides very cheap basic business formation package with a one-day turnaround time. Some added features include a free tax consultation, compliance alerts, and a free domain name.
Swyft Filings offers good speed of service and high-quality customer support. This LLC service provider offers a 60-day money-back guarantee.
MyCorporation offers wide range of legal services for LLC formation. This includes trademark and copyright services as well as nonprofit and corporation filing. They have two decades of experience providing legal formation assistance.
CorpNet is one of the most reputed companies formation service providers. They helped to create over 100,000 businesses in the past 20 years. This organization is rated highly among LLC providers, many independent review sites, with many customers praising the excellent service.
Step 1) Select an LLC formation service provide. The list above will help. Also, they will be able to help/guide/counsel you in the succeeding steps.
Step 2) Decide the who will be members of your LLC and their ownership percentage. As most startups are single member LLC, this step can be ignored
Step 3) Chose a state where you want to register your LLC. Seek legal advice to understand the tax complications if your are registering out of your domicile state.
Step 4) Check if the desired name for you LLC is available. Most common names are usually take. Creating 2 or 3 word business name helps.
Step 5) Submit basic information to your LLC formation service. They may require additional information based on your submission.
Step 6) Once formation is done, apply for EIN. You may need to call IRS to authenticate the application. Some LLC formation providers do this on your behalf.
Step 7) After EIN, you can open a bank account in the name for LLC. Apply for credit card if required.
Step 8) Get a virtual mailbox for your LLC if required. Especially useful if you are still employed or are located overseas.
Step 9) Register a domain and get professional email for your business. Do not go overboard with website design if it is not your main source of business. You can always make changes later.
Online LLC service removes lots of hassle from the business formation process. With these LLC services, you just need to provide your basic company detail like the name, location, and industry your company operates in.
You also need to provide information about yourself and your registered agent. The service then creates an organization's articles and files them with your state to form a new LLC.
Yes, it is. However, you need to select a reputable company that offers the best LLC formation service and has an established track record.
The DIY (Do It Yourself) is always an option, and quite a few entrepreneurs prefer to form their own LLCs without any assistance of a business incorporation service. However, selecting this method is not as easy.
There are many different steps involved if you're going to form an LLC on your own. In this process, the most important phase is preparing and filing your organization's articles, as this document helps you form LLC with the state.
However, this information varies from state to state and could be cumbersome to draft. With an LLC provider, you need to provide them with some basic information about yourself and your business, and they will handle the rest!
You should also select a name you want to use for your LLC. Select a registered agent, obtain a federal tax ID number (EIN), create an operating agreement, etc. A C-corp formation provider smoothly handles all this on your behalf.
Limited liability companies (LLCs) are the simplest and most inexpensive business structure in the United States. LLCs' advantages include being easy to form, protecting owners from personal liability, and offering flexible tax options.
Here are the pros of LLC formation:
Here are the cons of LLC:
Working with a legal professional may be expensive. However, that expense comes with more security and better service.
Instead, you would receive the same level of legal expertise from a lower-cost online LLC service solution. However, in this process, your privacy is somewhat compromised.
If privacy is your chief concern, you need to select an attorney to act as your agent, which would be very expensive. It also comes with more inconvenience in the form of time and monetary costs, so you have to consider a tradeoff.
Selecting LLC provider is not an easy thing as you need to consider several factors like cost, services, etc.
Here are a few important things you should consider when choosing the best LLC service for you.
Low prices attract everyone, but you need to make sure you can list their services and features, which you want and compare with its available price.
It is another important aspect that you need to look at. LLC service custom-tailored to your individual needs. You may end up feeling like you're just a statistic instead of a valued customer.
You need to check its reputation and check out their customer feedback to better feel for their client experience.
Quality of customer support is also a very important aspect. You should look for an LLC provider who resolves your query 24/7, easily and effectively by mail, chat or support ticket.
Some online LLC service providers offer a full refund if you're unhappy with their service. You should also find out what kind of refund your service provider offers, just in case if you are not satisfied with their service.
Turnaround time is another important factor, especially for people that need to have their organization operational ASAP. However, it does not entirely depend on your LLC company, and various state-specific regulations can slow things down. Therefore, it is important to contact your shortlisted LLC service provider for turnaround time before you place an order.
Not really; in fact, there are many more risks to forming an LLC individually. An LLC formation website assures you that the business is formed correctly. These companies forms thousands of LLCs every day, so they have the expertise to form a compliant business entity.
Any primary applicant can create a bank account in the name of an LLC, but he or she must be an owner (a minimum of 25% ownership in the business) or an authorized officer. Applicants should be U.S. residents to create a bank account in the name of an LLC.
A registered agent is needed to form an LLC and is an individual or business entity responsible for receiving important government documents.
For example, if your business files a suit, the state will send the service of process to your registered agent, who alerts you to the delivery and forwards it to you.
You can also serve as your registered agent. It is always ideal to go for a registered service agent because a registered agent service protects your privacy, cuts down on your junk mail, and ensures that you never miss an important delivery.
Articles of incorporation are formal documents filed with a government body to document a corporation's creation legally. These documents contain pertinent information, like the firm's name, street address, agent name for service, and the type and amount of stock issued.
An LLC operating agreement documents the structure of working and financial relationships between the co-owners and (members) of an LLC. In an operating agreement, the co-owners should establish each owner's ownership percentage share in the LLC. This document includes details like a share of profits, their duties and rights, and how an owner leaving will be handled.
Yes. PayPal suggests using a business account if you want to operate a revenue-generating endeavor under a separate name.
PayPal business accounts allow LLC to integrate your company's payment systems with their payout system to create a seamless accounting system.
Here are some important annual compliance for a LLC:
Other states require a biennial statement. In both cases, states typically need to require that a fee be paid when statements are filed. These range from $10.00 to $300.00 or more.
States have different formulas, which may be based on business revenue or number of authorized shares and par value, for calculating this tax
LLC members are responsible for paying the full 15.3 percent (12.4 percent for Social Security and 2.9 percent for Medicare). Members also deduct half of the self-employment tax from their adjusted gross income. A limited liability company can elect corporate tax treatment.
The best state to incorporate your LLC is the state where you live and plan on conducting all your company's activities.
However, you can register your business in one of the states with business-friendly regulations and low taxes, like Delaware, Nevada, or Wyoming, as you get the advantage of zero sales tax.
Generally, Delaware is regarded the best state to form LLC with more than 50% of Fortune 500 companies having a business entity incorporated there.
However, Wyoming may be cheaper to set up, but you would have to pay filing fees in both and register as a foreign LLC in your home state. However, if you live in California, taxes also need to be deducted wherever you are earning, so you could end up paying tax in both Wyoming and California.
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