Limited Liability Company
Establish Your LLC In Minutes
We make the process of filing as an LLC both prompt and hassle-free. Work with Eco-fyle’s team of experts to have confidence in your company’s transition.
Have Eco-fyle Assist You with LLC Formation Services
For over 80% of small businesses, it’s the best choice of business structure available.
LLCs have quickly become a popular business structure for new and small businesses due to their flexibility and simplicity when compared to traditional corporations. Forming a Limited Liability Company (LLC) can help protect both your personal assets and your company from lawsuits, bankruptcy, and more. LLCs allow business owners like you to keep personal assets separate from your company’s, limiting your liability when it comes to company debts and giving you peace of mind. Learn more about the benefits of an LLC and if such a business structure is right for you.
What is an LLC? A Limited Liability Company is exactly what it sounds like – a company structure that limits the amount of liability you personally face due to your business’ debts or other circumstances. By combining pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation, an LLC becomes its own legal entity, with separate debts and legal matters, while still being tied to your personal taxes to give you the benefits of both worlds.
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Starting As Low As!
$0 + State Fees
*Filing & Service Fees Included
Benefits of Forming an LLC
Limited Liability Protection
Forming an LLC gives you a high degree of protection. Each owner’s personal assets are protected from business creditors because an LLC is a separate legal person from its owners. Only the LLC is liable for debts and liabilities acquired by the business. This serves to protect personal assets.
No Ownership Constraints
There are no limitations on the kind or number of owners for LLCs. S-Corporations, in contrast, are limited to 100 investors, all of whom must be residents or citizens of the United States. Any of these limitations do not apply to an LLC. Other corporations, foreign nationals, and other groups may both be owners/members.
Enhance Your Business’ Credibility
Adding “LLC.” to the end of your company name communicates permanence, legitimacy, and stability to potential suppliers, customers, and lenders. By quickly showing people that your business is operating within the standards of the law and is registered by the state, you are much more likely to attract reputable business of your own.
Adaptable Tax Status
One of the most important factors contributing to LLCs’ recent rise in popularity is the benefit of pass-through taxation. LLCs can be federally taxed as a pass-through entity such as a sole-proprietor, partnership, or an S-corporation. Pass-through taxes only impose one tax on profits made by an LLC.
Compare Our Packages
Starter
Our Starter Package jumpstarts your business with essential features, including business name checks, meticulous document preparation, and seamless filing. Ideal for a focused and efficient start.
Essentials
The Essentials Package equips you comprehensively, providing expert guidance from the beginning, along with a registered agent service and EIN acquisition.
Premium
Our Premium Package takes your journey to new heights, encompassing previous benefits and adding an essential operating agreement and corporate kit.
Frequently Asked Questions
Now that your small business is growing, it’s important to protect both your company and your own assets. Forming an LLC can help do that.
Is it the best business entity choice for you? We’ve written a complete guide to form an LLC to help with your decision.
Although LLCs have significantly fewer requirements, there are still a few you should be aware of; operating agreements and annual reports.
- LLC Operating Agreements: An operating agreement lays out all the important provisions, standards, ownership parameters, and rules about member changes. It is an internal document only and is an agreement between the members or owner
- Annual Reports: LLCs must file an annual or biennial report with their Secretary of State in many states. Failing to do so can result in your business being dissolved.
On average, the processing time for LLC formation takes around 3-5 weeks. However, these times can vary across states.
In most cases, you should form your LLC in the state in which you conduct your business. Even online businesses are operating within your home state. However, forming an LLC in certain states can be significantly more expensive, and there can be ways to avoid these extra costs.
Request a Consultation
The team at Eco-fyle is eager to meet you and help you pursue your goals of
incorporation. Request a consultation with one of our specialists!