WHY PAY A LAWYER?™ for Limited Liability Company LLC
A Limited Liability Company (LLC) offers the same personal liability protection as a corporation, but with fewer of the corporate formalities. They typically are not required to hold formal meetings or keep detailed corporate minutes. They also offer great tax flexibility. Members can choose to be taxed as either a traditional corporation or as a “pass-through” entity.
WHY PAY A LAWYER?™ limited liability company services include …
- Right documents in the correct format
- Operating Agreements
- Cover Sheets
- Filing counter delivery (we stand in line for you)
- Publication (newspaper fees separate)
- Registered Statutory Agent (Arizona only)
- Employment Identification Number
- File Storage
… & more.
Limited Liability Company $199
WHY PAY A LAWYER?™ for Limited Liability Company LLC. Free Consultation. Make Appointment Today.
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Frequently Answered Questions (FAQ) About Limited Liability Company LLC
Limited Liability Company & Taxes
Like a corporation, a limited liability company is a separate and distinct legal entity. This means that it can obtain a tax identification number, open a bank account & do business, all under its own name. The primary advantage is that its owners, known as members, are not personally liable for the debts and liabilities. For example, if an LLC is forced into bankruptcy, the members will not be required to make up the difference with their own money. If the assets of the LLC are not enough to cover the debts & liabilities, the creditors cannot look to the members, managers or officers for recovery.
Limited Liability Company & Pass-Through
An LLC can be taxed either as a “pass-through” entity, like a sole proprietorship or partnership, or as a regular corporation. By default, it is taxed as a pass-through entity, & the owners are not subject to double taxation. This is different from a regular corporation, which pays a corporate tax on its net income (the first tax). Then, when the corporation distributes profits, the stockholders pay income tax on dividends (the second tax). With an LLC, the profits “pass through” to the owners who pay taxes at their individual tax rates