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Monday, October 2nd
MyCorporation gives you four LLC formation packages to consider, plus plenty of add-ons you can select if your business needs them. While hundreds of clients have given this service a 4- or 5-star rating, you'll want to watch out for packages that include auto-renewing services, and be sure to cancel those in writing at least 30 days in advance of the renewal date.
LegalZoom offers access to a wide array of legal documents and services, from DIY LLC formation at no cost (other than state filing fees) to comprehensive business consultations with practicing attorneys. While you might be tempted to give LegalZoom a try when you see its "A+" rating from the BBB and overall positive reputation, the feedback from clients who used this service to create an LLC is concerning to say the least. LegalZoom has fallen in our rankings and is no longer a platform we recommend for LLC formation services.
LLC formation is a common way for small business owners to limit their personal liability while operating their company. A Limited Liability Company (LLC) is a hybrid business entity that combines the pass-through taxation of a partnership or sole proprietorship with the liability protection of a corporation. LLCs are a popular structure for many small businesses because they offer many of the benefits of a corporation without the same level of complexity and formality.
Forming an LLC typically involves filing articles of organization with the state in which the business will operate. Your specific process and requirements for forming an LLC may vary depending on the state where you're doing business, but it generally requires selecting a unique business name, designating a registered agent, and paying a fee. Some states may have additional requirements such as issuing an operating agreement or publishing a notice of formation in a local newspaper.
There are many services that can help with LLC formation for small businesses. Many of these services offer a range of options for businesses at various price points, from basic do-it-yourself kits to more comprehensive packages that may include assistance with obtaining tax identification numbers, preparing and filing annual reports, and ongoing compliance support.
Which of these services should you choose? You want to get it right the first time, and forming an LLC can be complicated. Here are some of the most important criteria you should keep in mind as you choose how to take that next step for your business:
Because forming an LLC can be an important step to protect your personal assets and limit your liability as a business owner, Top Consumer Reviews has evaluated and ranked today's most popular services. We're confident that our comprehensive reviews will help you choose the right provider to help you navigate the process.
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