Limited Liability Company (LLC)

Simply doing business does not form a limited liability company; filing a registration with the appropriate state office forms them. The life of the LLC is based on the date of the filing with the appropriate state office.

 

Since this business organization structure type consists of more than one owner it is best advised that an operational agreement is developed. However, it is not a legal requirement.

To Form Your LLC

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LLC TOTAL

Starting at $389*

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LLC PLUS

Starting at $289*

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LLC

Starting at $189*

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Product Options

Yes

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Annual Business Renewal Service

Prevent lapse of business renewal with our annual business renewal service.

Yes

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Copy of State Seal Certified Documents

Copy of state incorporation documents certified with state seal.

*Plus Filling Fees

Pros to Limited Liability Company:

  • Easier business entity to establish.
  • Partners have complete control regarding decision-making.
  • Partners own agreed upon amount of all of the profits.
  • Liability is limited to the investment in the business.
  • Shields partners from LLC’s debts and obligations.

Cons to Limited Liability Company:

  • Business life may be limited based on partnership agreement.
  • Funding is limited to consumer loans and personal savings of the partners.
  • Partners are responsible for all day-to-day operations.

Tax Implications

  • Business losses, profits and other tax items pass through to LLC members.

Additional Business Formation Needs

Business Credit Profile

The business credit profile, similar to consumer credit profile, speaks to the business’s creditworthiness.

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Federal Tax ID (EIN)

Federal Employer Identification Number (EIN) is a business its tax ID, like a Social Security Number (SSN) for an individual.

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Business Tax Receipt

Most city/county municipalities have a business tax receipt requirement.

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More Business Solutions

Business Operation Efficiency

Naming The Business

Human Resources

The efficiency of your business operation is responsible for the quality of your products and services.

There are a few reasons that would require a business name, from current state legislation to marketing strategies.

Hiring the person with the right skill-set and experience is vital to the quality of the finished product or service.

Request a Custom Quote

Have a specific question about a product? A Burdham Group Specialist will follow up with a custom quote along with a comprehensive assessment of your needs.

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