Form Your LLC with the Experts
Fast, Easy & Affordable
Start your LLC in any state with TruSpan. Register your business hassle-free as we guide you through the complete LLC creation process online. Starts at $0 + state filing fee
EXPERT ASSISTANCE
NO HIDDEN FEE
DEDICATED SUPPORT
Why Choose TruSpan to Form an LLC?
10+ Years of Expertise
LLC Filing Across 50 States
Accurate Paperwork
Quick Filing
100% Customer Centric
Cost-effective Service
Simple Pricing. No Hidden Fees.
Register your business at the lowest LLC filing fee in the country.
Legal Zoom | Zen Business | ||
---|---|---|---|
State Filing | $0 | $0 | $0 |
Operating Agreements | $79 | $99 | $99 |
EFIN Tax ID Filing | $49 | $60 | $50 |
Annual Compilance | $149 | $199 | $199 |
Annual Registered Agent | $149 | $199 | $199 |
Everything About Forming an LLC
What is an LLC?
An LLC, or Limited Liability Company, is a flexible business structure that offers personal liability protection by separating personal assets from business' debts and liabilities. Forming an LLC also provides operational flexibility and tax advantages for businesses of any size.
Why do I need an LLC?
While not all businesses need to be LLCs, it is a smart choice to register a business as an LLC for its numerous benefits. Forming an LLC is highly recommended if you are looking to protect personal assets, improve credibility, enjoy tax benefits, and enhance a business's professional image.
How to form an LLC?
To form an LLC, it is first essential to understand the LLC requirements of the state, how you want to run your business, and the state filing fee. But, since there’s legal paperwork involved, it’s often easier to hire LLC experts like Truspan to handle these details for you.
Top Benefits of
LLC Formation
Are you a new business owner? Wondering what an LLC is? By registering as a limited liability company, your personal assets are safe from lawsuits or bankruptcy caused by business loans and debts. Your belongings and personal property like car, property, and savings are kept protected when you form an LLC.
Limited Liability Protection
When you register an LLC online, you gain personal liability protection of your personal assets from business debts and legal actions. Since LLC formation creates a barrier between the business and personal finances, your personal belongings like your home or savings are fully protected from business-related liabilities.
Tax Advantage
Once a business is registered as an LLC, it is not subject to corporate tax. Instead, the LLC’s profits and losses are transferred to its owners and reported on their individual income tax returns, thus avoiding double taxation. This structure helps businesses that form an LLC reduce costs and gain a tax advantage.
Flexible Management Structure
Forming an LLC enables more flexibility in the management and organizational structure of a business. Managing an LLC is a simple and streamlined process with minimal record-keeping. Annual filings and periodic reports are less complex and less frequent compared to other business structures.
Enhanced Business Credibility
An LLC signals to clients, suppliers, and partners that your business is a formal, legitimate entity. Besides asset protection, forming an LLC helps build trust and professionalism. It signifies that the business has a legit presence, which enhances your reputation and credibility in the market.
Ready to register your business as an LLC?
Start an LLC within your time and budget. Get the right asset protection & credibility with TruSpan’s LLC experts.
TruSpan’s Expert LLC Formation Services
Your business growth is our top priority. That’s exactly why we ensure end-to-end of your LLC formation process is covered with us. TruSpan’s skilled LLC experts are right here to take care and offer everything from filing your application to setting up legal agreements and handling annual reports and Business Owner Information (BOI). Your business is more than just a transaction to us; it’s a partnership. All set to take the first step towards a thriving business? Trust TruSpan for reliable support and guidance you need to confidently start a business, and form an LLC.
Legal Operating Agreements
TruSpan helps you create precise operating agreements that shape how your LLC is managed and operated. Think of it as the blueprint to offer clarity on your LLC’s ownership and operational structure for smooth operations from day one.
Annual Reports & Business Owner Information
We are not just experts in LLC filing but LLC management as well. Count on us to file annual reports and Business Owner Information for your LLC, ensuring compliance with state requirements to maintain the good standing of your business.
Cost to Form an LLC
Start Your LLC with
TruSpan Today
Forming an LLC can be simplified with the assistance of a trusted IRS-approved agent. TruSpan is recognized as the best LLC service, offering a streamlined approach for quick and affordable LLC filing online for first-time entrepreneurs and businesses of all sizes. With a fully guided approach, we help you navigate the LLC formation steps seamlessly with optimal paperwork.
1. Discuss Your LLC Formation Needs
The benefits of an LLC for a business are many. From personal asset protection to flexible tax advantage, we fully elaborate why form an LLC and its perks for a business. At TruSpan, we begin with a detailed discussion to understand your business goals and needs. This way, we tailor our LLC formation services to your specific requirements.
2. Get Your LLC Requirements & Paperwork Sorted
Based on the state you wish to form an LLC in, we take care of the end-to-end process. From forming legal operating agreements to filing the certificate of formation with the state regulations, our LLC services ensure your LLC requirements and documentation are well sorted with clarity.
3. Seamlessly Operate & Maintain an LLC
Once your LLC is established, ongoing compliance is key to maintaining its good standing. TruSpan offers comprehensive services to assist with annual reports, tax filings, and other regulatory requirements. Our expert team provides ongoing support to help you manage and maintain your LLC efficiently, so you can focus on your business.
How to Form an LLC?
Key LLC Formation Steps for Business Owners
No matter which state you register your business in, a limited liability company (LLC) is a business-friendly concept that gives entrepreneurs liability protection without the cumbersome structure of a corporation. This typically protects your personal assets, keeps it apart from the business assets. Consider it an extra cover for your belongings without them being liable to lawsuits or other financial issues your company and business might face.
However, you need to follow the right steps and meet basic LLC requirements—which can be scary for a first-time business owner. We are here to help ease your fears through every step of the way. With these 7 key steps, learn how to form an LLC.
Select A Name
Choosing a name for your LLC is a crucial first step. The name should reflect your business vision and comply with state regulations.
Name Your Business
Select a name that aligns with your business or means something to you.
Searches
Conduct a name search on your state's business registry to confirm availability. Additionally, check domain name availability for your online presence.
Compliance
The name must include an LLC designator, such as “LLC” or “Limited Liability Company,” and avoid terms that might confuse your LLC with other business types.
Trademark Check
Verify that the name doesn’t infringe on existing trademarks.
DBA
If you plan to operate under a different name, register a "Doing Business As" (DBA) name with your state.
Appoint an LLC Expert
An LLC expert can help you handle legal documents and government correspondence for your LLC.
Eligibility
The trusted LLC expert can be an individual or an organization authorized to do business in your state. The agent must be available during business hours and have a physical address in the state.
Consent
The agent must consent to serve in this role, typically using a specific form provided by your state.
Privacy
Using a reliable LLC service can help maintain your privacy and ensure important documents are received without disruptions.
File the Certificate of Formation
Submit the Certificate of Formation (or its equivalent) to your state’s Secretary of State or business registration office.
Filing Method
You can usually file online or by postal mail. Online filing is typically faster but may involve a processing fee.
Information Required
Provide details such as the LLC’s name, LLC agent, management structure (member-managed or manager-managed), and business purpose.
Create an Operating Agreement
While not always legally required, an operating agreement is a valuable document that outlines the LLC’s structure and operational procedures.
Contents
Include details about ownership percentages, management structure, profit distribution, tax classification, and procedures for handling changes in ownership.
Flexibility
The agreement can be amended as needed to reflect changes in the business.
Apply for an EIN
An Employer Identification Number (EIN) is required for various business activities.
Application
Apply for an EIN through the IRS website or by mail. The EIN is necessary for opening business bank accounts, hiring employees, and handling certain tax matters.
Requirement
Even single-member LLCs may need an EIN for business licenses or permits.
Pay Taxes & File Annual Reports
LLCs are subject to state tax regulations and may need to file annual reports.
Franchise Tax
Some states impose a franchise tax based on gross revenue. Check if your LLC is exempt or if you need to pay this tax.
Annual Reports
File annual reports as required by your state to keep your LLC in good standing.
LLC Vs Corporation: Key Differences
Let us elaborate the difference between an LLC and corporation.
LLC is owned by members (individuals or businesses).
LLC fosters a flexible management structure where members get to decide how the business is run and managed.
LLC formation has the advantage of pass-through taxation (profits/losses pass to members' personal tax returns).
LLC has fewer formalities and less paperwork compared to other business structures.
LLC
Corporation
A corporation is usually owned by shareholders
Corporations are run based on the decisions by the board of directors.
Corporations are subject to income tax with potential double taxation (corporate tax and dividend tax).
The regulatory requirements, compliance, and documentation is comparatively more for a corporation
LLC is owned by members (individuals or businesses).
LLC fosters a flexible management structure where members get to decide how the business is run and managed.
LLC formation has the advantage of pass-through taxation (profits/losses pass to members' personal tax returns).
LLC has fewer formalities and less paperwork compared to other business structures.
LLC
Corporation
A corporation is usually owned by shareholders.
Corporations are run based on the decisions by the board of directors.
Corporations are subject to income tax with potential double taxation (corporate tax and dividend tax).
The regulatory requirements, compliance, and documentation is comparatively more for a corporation.
LLC
LLC is owned by members (individuals or businesses).
LLC fosters a flexible management structure where members get to decide how the business is run and managed.
LLC formation has the advantage of pass-through taxation (profits/losses pass to members' personal tax returns).
LLC has fewer formalities and less paperwork compared to other business structures.
Corporation
A corporation is usually owned by shareholders
Corporations are run based on the decisions by the board of directors.
Corporations are subject to income tax with potential double taxation (corporate tax and dividend tax).
The regulatory requirements, compliance, and documentation is comparatively more for a corporation
LLC Vs Sole Proprietorship: Key Differences
Know how LLC differs from sole proprietorship business structure
LLC provides liability protection for owners (members).
LLCs continue to exist beyond the life of its members; ownership can be transferred.
LLCs are subject to pass-through taxation (profits taxed on owners’ personal returns) or can elect to be taxed as a corporation
LLCs abide by structured compliance with state regulations
LLC
Sole Proprietorship
No liability protection; the owner is personally liable for business debts and obligations.
Sole proprietorship automatically dissolves in the absence of the owner.
In sole proprietorship, profits and losses are reported on the owner’s personal tax return
A formal agreement with the state doesn’t exist, however, an operating license might be necessary.
LLC provides liability protection for owners (members).
LLCs continue to exist beyond the life of its members; ownership can be transferred.
LLCs are subject to pass-through taxation (profits taxed on owners’ personal returns) or can elect to be taxed as a corporation.
LLCs abide by structured compliance with state regulations.
LLC
Sole Proprietorship
No liability protection; the owner is personally liable for business debts and obligations.
Sole proprietorship automatically dissolves in the absence of the owner.
In sole proprietorship, profits and losses are reported on the owner’s personal tax return.
A formal agreement with the state doesn’t exist, however, an operating license might be necessary.
LLC
LLC provides liability protection for owners (members).
LLCs continue to exist beyond the life of its members; ownership can be transferred.
LLCs are subject to pass-through taxation (profits taxed on owners’ personal returns) or can elect to be taxed as a corporation
LLCs abide by structured compliance with state regulations
Sole Proprietorship
No liability protection; the owner is personally liable for business debts and obligations.
Sole proprietorship automatically dissolves in the absence of the owner.
In sole proprietorship, profits and losses are reported on the owner’s personal tax return
A formal agreement with the state doesn’t exist, however, an operating license might be necessary.
21.6 million LLCs are operating in the United States, and we simplify your journey to success with swift and straightforward LLC filing, helping your business achieve rapid growth.
FORMING AN LLC: Frequently Asked Questions
Can I start an LLC without a business?
How to form an LLC?
Simply file your LLC application with the particular Secretary of State—or, let us do the work for you! The state filing fee usually ranges between $35 to $500 depending on the state you wish to form an LLC in.
Can I create an LLC in any state?
Yes, you can set up an LLC in any state. However, you will need an LLC agent in every state in which the LLC is registered. A business typically can have only one LLC in a single state. If expanding or moving to another state, rather than creating a new LLC, you can register your existing LLC as a foreign business—which still requires an agent like TruSpan.
Can you start an LLC and not use it?
Can you set up an LLC with bad credit?
Can anyone start an LLC?
What are the requirements to file an LLC application?
Where do I go to set up an LLC?
When should I start an LLC?
Who is the owner of an LLC?
One of the beautiful things about LLCs is that, unlike with corporations, ownership is easily managed. You establish ownership among individuals or other legal entities based on investments or other mutually agreed-on qualifiers. Your operating agreement, which we can prepare for you, will include the list of owners and will describe their rights and benefits.
Will starting an LLC help with taxes?
Having registered as an LLC can help reduce taxes on the LLC’s net income. You may file for S-Corp treatment, which can reduce your taxes on income from an LLC, with the IRS (though there are a few other processes you must follow). Passive partners who aren’t involved in the day-to-day management of the business will be taxed at the capital gains rate for their portion of the income from the LLC (short- or long-term depending on their holding period).
How long does it take to set up an LLC online?
Each state has a different timeline, and it depends on the volume of applications they are processing during a given period. A normal processing period may be as long as 14 days; however, we often see paperwork processed within a week or so. You may have the option of paying to expedite the processing to just a few days.
How much does it cost to register an LLC?
How do I register a new LLC?
Do I have to register my LLC every year?
Is LLC worth it?
Forming an LLC Made Simple & Stress-free
LLC provides liability protection for owners (members).
LLCs continue to exist beyond the life of its members; ownership can be transferred.
LLCs are subject to pass-through taxation (profits taxed on owners’ personal returns) or can elect to be taxed as a corporation
LLCs abide by structured compliance with state regulations
LLC
Sole Proprietorship
No liability protection; the owner is personally liable for business debts and obligations.
Sole proprietorship automatically dissolves in the absence of the owner.
In sole proprietorship, profits and losses are reported on the owner’s personal tax return
A formal agreement with the state doesn’t exist, however, an operating license might be necessary.