Get Limited Liability Corp

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Get Limited Liability Corp

from 149.00

Advantages of a LLC Compared to a Sole Proprietorship and a Partnership

 Owners are Not Personally Responsible for Company Debts

This is the most important attribute of an LLC. In a sole proprietorship and partnership, the owners are personally responsible for business debts. If the assets of the sole proprietorship or partnership cannot satisfy the debt, creditors can go after each owner's personal bank account, house, etc., to make up the difference. By contrast, if an LLC runs out of funds, the owners are usually not liable.  Please note that under certain circumstances, an individual member may be liable for the debts of an LLC. These circumstances include:

  • If a member personally guarantees a debt.

  • If personal funds are intermingled with LLC funds.

  • If the LLC has minimal capitalization or insurance.

  • If the LLC fails to pay state taxes or otherwise violates state law (like defrauding consumers).

Economy

$149 + state filing fees (Best price for basics)

  • Name availability research and filing
  • 48 Hour Document Prep
  • Custom Operating Agreement
  • Filing of LLC State Documents

*Expedited fees vary by state

DELUXE

$249 + state filing fees (GREATEST VALUE)

  • Name availability research and filing
  • 48 Hour Document Prep
  • Custom Operating Agreement
  • Filing of LLC State Documents
  • Corporate Compliance Toolkit & Binder
  • Secure Federal Tax ID Number (EIN)
  • Free Registered Agent Service (1st Year)
  • Financial Letter for Business Banking

*Expedited fees vary by state

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Economy

$149 + state filing fees (Best price for basics)

  • Name availability research and filing
  • 48 Hour Document Prep
  • Custom Operating Agreement
  • Filing of LLC State Documents

*Expedited fees vary by state

Economy

$249 + state filing fees (GREATEST VALUE)

  • Name availability research and filing
  • 48 Hour Document Prep
  • Custom Operating Agreement
  • Filing of LLC State Documents
  • Corporate Compliance Toolkit & Binder
  • Secure Federal Tax ID Number (EIN)
  • Free Registered Agent Service (1st Year)
  • Financial Letter for Business Banking

*Expedited fees vary by state