How to start an LLC is a very popular question for many who are looking to start their own business. First of all, before we answer that question, it’s important to know what exactly an LLC is.
A Limited Liability Corporation (LLC), is a simple way of setting up your business to protect personal assets. Furthermore, it helps to protect the owner from possible lawsuits and penalties. Above all, it establishes ownership as well as makes your business more credible.
Do I Need To Form An LLC?
The simple answer is yes. Most noteworthy, an LLC provides a balance of simplicity and security. Because they are inexpensive and easy to maintain, LLC’s makes for a viable option for just about anyone.
Even more so, LLC’s provide flexibility, personal asset protection and access to business loans. Also, we can’t forget about pass through taxation. As a result, you can expect to grow your business separate of your personal finance.
How To Start An LLC?
So, now we get to the big question of how to start an LLC. It’s actually quite simple. Because, the process is seamless, you can be up and running in minutes. First of all, I recommend LegalZoom for your LLC needs. They make things so easy. Above all, they will have your back throughout the whole process. Take a look at our LegalZoom Reviews. It goes into great detail about how great this company is.
LegalZoom has launched over one million LLC’s. They know how to start an llc better than anyone. As a result, if anyone know about business, it’s them. Also, keep in mind with LegalZoom, any business related expense like LLC fees are tax deductible. That’s awesome. Because they care for their clients, we recommend them. Hence, why they are the best. Here’s a brief video about LegalZoom.
How To Start An LLC continued..
So let’s get started. Most noteworthy, it takes just about 10 minutes from start to finish.
First of all, once you arrive on the page you will be met with the welcome screen added below.
Almost immediately, you’ll be asked for your preferred business name. After you enter the name, you’ll click the “check availability” button. Upon confirmation, you’ll also be asked which state your company will be based in.
So, if all goes well, you will see the following screen:
So, at this point, you are nearly half way done. The next set of screens are for optional but advised add-ons. They are important. Therefore, I would definitely recommend it. Most noteworthy, the optional essential items are Affordable Tax, Legal Protect and Total Compliance.
First off, this group of services are available for free for the first 10 days. Furthermore, the Legal Protect feature provides experienced attorney advice and unlimited legal documents. Also, the Total Compliance option will take care of filing and formalities. This service gives you peace of mind. Above all, if LegalZoom misses something, they will pay your fine rather than you.
So once you decide on which features you would like to add, the documents phase is next. You’ll be presented with the below screen.
Consequently, you can do this yourself and hit “no thanks” at the bottom. However, why go through the hassle and miss something important. Take advantage of the professionals and let them do things the right way. As a result, I would recommend letting LZ setup your EIN and Licenses hassle free.
Finally, The Final Step
Actually, it wasn’t that bad. LegalZoom makes things so easy. The final step includes picking which filing option that you desire. Again, depending on your state, these fees are tax deductible.
Most noteworthy, we’ve included a complete breakdown of what’s included in the three packages. As a result, in addition to the differences in submission times, here are some more differences.
So, just looking at the chart you can see the “express gold” option has additional features like express shipping. Furthermore, you’ll have 7 days a week support, priority filing and VIP processing.
How To Start An LLC Summary
First off, it’s important to note that these fees that you see are tax deductible. LegalZoom offers industry best pricing. This should give you peace of mind. However, it’s still important to focus on the needs of your business as opposed to pricing because of the tax deductible aspect.
So, there you have it. You just learned how to start an llc in 10 minutes. For security, flexibility and peace of mind, let LegalZoom LLC attorneys and experts do the work for you. Certainly, you rather spend your time growing your business instead of the legal fine print.