Frequently Asked Questions
An LLC or limited liability company, is a type of legal entity that has become popular in recent years.
LLCs offer the liability protection of a corporation but with flexibility in profit allocation and management. They are easy to set up and offer privacy protection for business owners plus increased credibility.
The amount of time it takes to form an LLC is dependent on the state of formation. Standard processing time is typically between three and fourteen business days. Some states offer expedited processing, making the time to form an LLC as little as 24 hours.
Business owners often choose to form their LLC in their home state, although some choose business-friendly states such as Delaware, Nevada, or Wyoming.
If you’re unsure which state is right for your business, talk to your accountant or attorney.
Many of our clients start their LLC at the suggestion of their accountant or attorney. If your business is profitable, is seeking liability protection not provided by a sole proprietorship, or simply wants increased legitimacy, starting an LLC may be recommended. Please discuss whether forming an LLC with your attorney or accountant.
Each state has different naming conventions, though most are similar.
You may not name your LLC the same name as an existing LLC in the state you choose. Additionally, in most states you are required to use an ending of LLC, L.L.C., or Limited Liability Company.
An LLC and a Sole Proprietorship are both taxed via the business owners personal taxes.
LLCs offer flexibility in profit allocation, privacy protection for the business owners, flexible management, liability protection, and increased credibility.
Our packages include the official copy of your Articles of Formation document and a sample operating agreement.
You’ll also receive a complementary name availability check, email delivery of your documents, and a dedicated account manager.
Universal Registered Agents makes it easy to get a registered agent in all 50 states. Do you have a multi-state business? We can help you with that too! Appoint us your registered agent now by purchasing our registered agent services here.