Thursday, November 20, 2008

LegalZoom's Starting an LLC Service

A big decision that you have to make when you decide to become an entrepreneur is what structure you going to operate your business under. You have several choices as far as deciding on a business entity. As an example, your company can be formed as a corporation, a limited liability company, or as another business form.

A very desired company structures in use today is the limited liability company, otherwise known as an LLC. With a limited liability company, your small business will have many of the advantages of a more traditional corporate business structure, but not all of the reporting requirements of a corporation. Of course, you should seek the advice of a competent professional before you choose a structure for your business.

When you consider incorporate LLC, you have the option of utilizing an online LLC creation service such as LegalZoom. LegalZoom offers limited liability company creation services starting at only $149 (plus state filing fees), so they are a very affordable alternative to using a traditional law firm. LegalZoom handles all of the required state forms for you, and provides you the paperwork you need to be able to run your limited liability company as your state requires.

If you do go with incorporation LLC, and you set up the LLC and operate it in the correct way, you are giving yourself a certain degree of protection from liability that would not be there if your business was being run without any formal structure. It is very important that you decide on business structure that allows you the personal liability protection that you need in the current lawsuit happy environment of today.

Creating an LLC is a wise decision if being a business owner is what you are after. Seek professional advice before you decide on what business structure to use, but most likely you will be advised that there is nothing wrong with using a limited liability company. Using an online LLC formation service like LegalZoom is a smart choice, because you will be saving both time and money and you will be creating your business structure the correct way.

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