Form an LLC

LLC – LIMITED LIABILITY COMPANY

LLCs are easy to form, simple to maintain, and can scale as your business grows. LLCs combine the flexibility of a partnership with the liability protection enjoyed by corporations and allow you to avoid double taxation.

Delaware LLC

  • Legal Document Preparation
  • Preparation of all legal documents
  • Filing Articles of Organization

We file your Articles of Organization with the state, monitor the process, and promptly deliver the final paperwork to you upon approval.

  • Name Availability Check

Name check ensures the availability of your desired business name with the state.

$249

 

Should I form a Delaware LLC?

Delaware LLC advantages and disadvantages -Delaware is considered pro-business, which isn’t something you find in all states. Indeed, Delaware takes business seriously. Consider Delaware’s favorable tax climate. Its corporate tax rate is only 8.7% on net income. In addition, there’s no sales tax or equipment tax. Delaware’s Chancery Court is the international forum for hearing corporate disputes.

Forming a Delaware LLC reflects a business planning process by entrepreneurs which results in your creating a legal presence within the state of Delaware, accordingly attracting both the privileges as well as the responsibilities of llc formation. Delaware is recognized both nationally and internationally as the center for corporate incorporation services, accordingly has developed an extraordinary legal and professional services community to assist you in your Delaware LLC formation needs.Delaware LLC advantages and disadvantages

Delaware LLC meets a necessary statutory condition that requires that business developers establish a legal presence in the state by way of your LLC. By meeting this standard, your Delaware LLC qualifies for the legal protections offered by the state of Delaware, which separate out the personal assets of your members from the potential future liabilities of your LLC in respect of its creditors taking litigation steps to prosecute a claim against your Delaware LLC. Your Delaware LLC corporate veil cannot be pierced by outside claims against your members’ assets, unless an instance of fraud has been proven. Another major benefit of your Delaware LLC is that you can now treat qualifying costs and expenses as corporate deductibles, along with depreciating or writing off qualifying assets of your Delaware LLC as permitted by state and federal law. Another benefit is that your Delaware LLC is unrestricted in terms of its authority to raise private capital through qualified private placement financing, similar to a C corporation, where an unlimited number of investor members can be brought into your LLC. Similarly, your Delaware LLC can establish credit and banking facilities just like other corporate forms such as C corporation or Subchapter S corporations.

Delaware Corporation:
Advantages and Disadvantages

Advantages LLC

  • Limited Liability:Owners of a LLC have the limited liability protection of a corporation.
  • Flexible Profit Distribution:Limited liability companies can select varying forms of distribution of profits. Unlike a common partnership where the split is 50-50, LLC have much more flexibility.
  • No Minutes:Corporations are required to keep formal minutes, have meetings, and record resolutions. The LLC business structure requires no corporate minutes or resolutions and is easier to operate.
  • Flow Through Taxation:All your business losses, profits, and expenses flow through the company to the individual members. You avoid the double taxation of paying corporate tax and individual tax. Usually, this will be a tax advantage, but circumstances can favor a corporate tax structure.

Wyoming LLC

  • Legal Document Preparation
  • Preparation of all legal documents
  • Filing Articles of Organization

We file your Articles of Organization with the state, monitor the process, and promptly deliver the final paperwork to you upon approval.

  • Name Availability Check

Name check ensures the availability of your desired business name with the state.

$249

Should I form a Wyoming LLC?

An Wyoming LLC satisfies a necessary condition of your business planning developement in that it meets the requirement that you establish a legal form of organization in order to gain the statutory benefits and protection available in Wyoming to your LLC. Your Wyoming LLC establishes a legal presence within the state, which you can use either as a platform for in-state operations or by registering your Wyoming LLC via your agent’s physical address in order to meet the purely statutory requirement for tax and filing purposes absent an in state operation.

Advantages and Disadvantages Wyoming LLC

Advantages of LLC

  • Limited Liability:Owners of a LLC have the limited liability protection of a corporation.
  • Flexible Profit Distribution:Limited liability companies can select varying forms of distribution of profits. Unlike a common partnership where the split is 50-50, LLC have much more flexibility.
  • No Minutes:Corporations are required to keep formal minutes, have meetings, and record resolutions. The LLC business structure requires no corporate minutes or resolutions and is easier to operate.
  • Flow Through Taxation:All your business losses, profits, and expenses flow through the company to the individual members. You avoid the double taxation of paying corporate tax and individual tax. Usually, this will be a tax advantage, but circumstances can favor a corporate tax structure.

LLC Advantages specific to Wyoming

  • No State Income Taxes
  • No information collected to be shared with IRS
  • Privacy allowed
  • Shareholders are not listed with the state
  • Best Asset Protection Laws
  • Nominee officers are legal
  • Citizenship not required
  • State tax not being considered
  • Wyoming draws little attention
  • No Nevada “Stigma”
  • Lower Startup Costs

Disadvantages of LLC

  • Limited Life:Corporations can live forever, whereas a LLC is dissolved when a member dies or undergoes bankruptcy.
  • Going Public:Business owners with plans to take their company public, or issuing employee shares in the future, may be best served by choosing a corporate business structure.
  • Added Complexity:Running a sole-proprietorship or partnership will have less paperwork and complexity. A LLC may federally be classified as a sole-proprietorship, partnership, or corporation for tax purposes. Classification can be selected or a default may apply.

By Wyoming and other state law in order to proceed with forming a llc, you need to prepare a written abstract detailing your llc purpose, the names of your initial Wyoming LLC members, the name and address of your Wyoming registered agent, the details of which will be introduced into the body of your LLC operating agreement and related Wyoming LLC formation documents assembled for application to the state of Wyoming.

 


Nevada LLC

 

  • Legal Document Preparation
  • Preparation of all legal documents
  • Filing Articles of Organization

We file your Articles of Organization with the state, monitor the process, and promptly deliver the final paperwork to you upon approval.

  • Name Availability Check

Name check ensures the availability of your desired business name with the state.

$249

When you consider a Nevada LLC, you’re opening the opportunity door to one of the most pro-business market places available to American business entrepreneurs. The Nevada LLC, as a corporate form of organization, is recognized by all 50 states as a legal structure for establishing a business presence within the state.

Should I form a Nevada LLC?

Unlike the C Corporation or the Subchapter S Corporation which require annual meetings and written minutes along with other corporate procedures, your Nevada LLC does not requires such meetings and records. Like the C corporation, your LLC can bring in unlimited numbers of investor or members through private placement contracting, which allows you to capitalize your Nevada LLC at whatever level meets your needs, inclusive of debt financing as arranged with lenders. However, unlike the C corporation which must distribute earnings on a dollar-per-share basis, your Nevada LLC can develop much more flexible distributions policies, as will be noted in your llc operating agreement.

Advantages and Disadvantages of a Nevada LLC

Advantages of Limited Liability Company

  • Limited Liability:Owners of a LLC have the limited liability protection of a corporation.
  • Flexible Profit Distribution:Limited liability companies can select varying forms of distribution of profits. Unlike a common partnership where the split is 50-50, LLC have much more flexibility.
  • No Minutes:Corporations are required to keep formal minutes, have meetings, and record resolutions. The LLC business structure requires no corporate minutes or resolutions and is easier to operate.
  • Flow Through Taxation:All your business losses, profits, and expenses flow through the company to the individual members. You avoid the double taxation of paying corporate tax and individual tax. Usually, this will be a tax advantage, but circumstances can favor a corporate tax structure.

Disadvantages of Limited Liability Company

  • Limited Life:Corporations can live forever, whereas a LLC is dissolved when a member dies or undergoes bankruptcy.
  • Going Public:Business owners with plans to take their company public, or issuing employee shares in the future, may be best served by choosing a corporate business structure.
  • Added Complexity:Running a sole-proprietorship or partnership will have less paperwork and complexity. A LLC may federally be classified as a sole-proprietorship, partnership, or corporation for tax purposes. Classification can be selected or a default may apply.At such time as your Nevada LLC seeks to sell ownership interests to the public, then your llc form will have to be changed to a C corporation.

South Dakota LLC

  • Legal Document Preparation
  • Preparation of all legal documents
  • Filing Articles of Organization

We file your Articles of Organization with the state, monitor the process, and promptly deliver the final paperwork to you upon approval.

  • Name Availability Check

Name check ensures the availability of your desired business name with the state.

$249

An South Dakota LLC offers business entrepreneurs the form of corporate organization that provides perhaps the most flexibility to you. An LLC formation, like the alternative corporate forms of organization like a limited partnership or a Subchapter S Corporation, are generally prime candidates for a business juststarting. The state of South Dakota gives public support to an South Dakota LLC.

Should I form a South Dakota LLC?

An South Dakota LLC satisfies a necessary condition of your business planning developement in that it meets the requirement that you establish a legal form of organization in order to gain the statutory benefits and protection available in South Dakota to your LLC. Your South Dakota LLC establishes a legal presence within the state, which you can use either as a platform for in-state operations or by registering your South Dakota LLC via your agent’s physical address in order to meet the purely statutory requirement for tax and filing purposes absent an in state operation.

Advantages and Disadvantages
of a South Dakota LLC
Limited Liability: 
Owners of a LLC have the limited liability protection of a corporation. Advantages of LLC

  • Flexible Profit Distribution:Limited liability companies can select varying forms of distribution of profits. Unlike a common partnership where the split is 50-50, LLC have much more flexibility.
  • No Minutes:Corporations are required to keep formal minutes, have meetings, and record resolutions. The LLC business structure requires no corporate minutes or resolutions and is easier to operate.
  • Flow Through Taxation:All your business losses, profits, and expenses flow through the company to the individual members. You avoid the double taxation of paying corporate tax and individual tax. Usually, this will be a tax advantage, but circumstances can favor a corporate tax structure.

Disadvantages of LLC

  • Limited Life:Corporations can live forever, whereas a LLC is dissolved when a member dies or undergoes bankruptcy.
  • Going Public:Business owners with plans to take their company public, or issuing employee shares in the future, may be best served by choosing a corporate business structure.
  • Added Complexity:Running a sole-proprietorship or partnership will have less paperwork and complexity. A LLC may federally be classified as a sole-proprietorship, partnership, or corporation for tax purposes. Classification can be selected or a default may apply.By South Dakota and other state law in order to proceed with forming a LLC, you need to prepare a written abstract detailing your LLC purpose, the names of your initial South Dakota LLC members, the name and address of your South Dakota registered agent, the details of which will be introduced into the body of your LLC operating agreement and related South Dakota LLC formation documents assembled for application to the state of South Dakota.

ADDITIONAL COMMON NEEDS FOR LLC

Registered Agent Services

As required by law, a Registered Agent relays service of process, legal notices, and state mandates to your company. Appoint NestEggVault to serve as your registered agent.

$99


Employer ID Number (EIN)

A federal Employer ID Number (EIN) from the IRS is needed to file federal tax returns.

$69


Domestic Annual Reports eFiling

NestEggVault tracks the deadlines for your business, and alerts you when filing is due. With our easy-to-use system you can promptly file annual report with the state, and we provide you with immediate confirmation to help retain your company’s good standing status.

$99


Corporate Seal and Compliance Kit

The compliance kit includes a binder featuring company name, 10 stock or membership certificates, a matching slipcase, sample meeting minutes, waivers of notice, resolutions, transfer ledger, bylaws/operating agreements, and a custom embosser.

$49