-
Software
Compliance Software
Oversee licenses, track renewals, access documents, and more from a single interface.
Software Overview -
Services
Compliance Services
Full service compliance solutions for organizations throughout their entire lifecycles.
Services Overview -
Industries
-
Partner
- Information Center
LLC Formation Service
Order your LLC Formation online. It's easy, inexpensive, and guides you through the decisions to set up your LLC the way you want.
What is an LLC?
Order your LLC Formation online. It's easy to follow the screens which guide you through the decisions to customize your LLC the way you want.
- Trusted formation services. We serve the compliance needs of 40,000 companies (and counting).
- Immediate online access to your formation wizard, project status, and powerful integration with the secretary of state database to detect when your LLC has been approved.
-
Affordable investment starting at $99 to set up your limited liability protection.
A Limited Liability Company (LLC) is a business structure that combines features of corporations and partnerships. It is a relatively new and very popular business structure.
The chief characteristics of an LLC are:
- Like a corporation, an LLC is a business entity; it is a separate legal entity from its owners.
- Like a corporation, the personal liability of owners can be limited. This allows the owners to protect their personal assets from debts and liabilities of the business.
- Like sole proprietorships and general partnerships, the LLC can be taxed as a pass-through entity. The profits and losses of the LLC are reported on the personal income taxes of the owners and corporate taxes are paid at personal income tax rates.
- An LLC offers tax flexibility. It is the only structure that may elect with the IRS to be treated as a pass-through entity, as an S-Corporation, or as a C-Corporation. This flexibility helps your business save on taxes when it is just starting out and as it grows.
- LLCs are more flexible and easier to run than corporations. The LLC can usually dictate in its Operating Agreement how it will be run. It is a good idea, at minimum, to hold an annual meeting.
Quick Facts About LLCs
- LLC stands for Limited Liability Company.
- LLCs can have one or many owners which are called members.
- LLCs can be managed by its members or it can managed by managers which the members elect.
- Most LLCs start with pass-through taxation, then elect to be taxed as an S-Corp then a C-Corp as they grow.
- An LLC is formed under state government. It is formed by filing Articles of Organization or Articles of Formation. Forming the LLC in the state where you reside and do business is usually the most economical.
- An LLC is governed by its Operating Agreement. This document defines how the LLC will be run.
- An LLC may be required to file an annual report with the state government and pay an annual state fee or franchise tax.
Types of LLCs
Because LLCs are formed under state law, statutory code dictates the types of LLCs that may be created, the protections they offer, and how they should be run. Some of the special types of LLCs are:
- Many states offer Professional Limited Liability Companies (PLLCs) intended for legal, healthcare, and other licensed professionals.
- A Series LLC is a single LLC with several series of assets. The goal in this structure is to have one governing LLC overseeing several compartmentalized assets such as real estate properties.
- Usually an LLC is a for-profit business, but some states also offer non-profit LLCs.
Helpful Tools
LLC, C-Corp, or S-Corp?
Choose which one is right for you.
Limiting Your Liability
Do you need liability insurance, limited liability protection, or both?
I couldn’t have asked or even imagined such an incredibly smooth process in getting all the licenses I need for my
business. Both Cliff and John were such an incredible support to me. They made this process “cake!” I couldn’t be
happier with their knowledge and patience with me through this super fast process (less than a week). They leave
nothing to chance and make sure twice or more that all is correct. I’d recommend this company strongly in that they
are very competent as well as hard workers. And they are very kind people.
I can’t thank you enough! Very, very pleased. You are good at what you do.
JenniferRefined Sugar LLC
Starting from scratch to create a sole proprietor LLC was easy with help from Harbor Compliance. They saved me time,
money, and confusion. Along the way they gave me pointers that helped me correct earlier errors. I am most pleased.
DanDan Rosenblum Biomedical Consultant, LLC
I have a registered LLC for my music/media work and I have contracted with Harbor Compliance for three years now.
The customer service is exceptional and they make it easy to maintain my business. I would highly recommend them,
especially to small business owners or non-profits who may not have the expertise to navigate the legal complexities
of business.
DouglasDouglas Thomas Limited
