Customer support is available if you need it.

Next, answer a few questions and consider additional business services that can help you.

First, select the package that best fits your business needs.

Here's how to start an LLC with LegalZoom in three simple steps: Making your business official by forming an LLC doesn't have to be complicated.

You may be liable for your LLC's unpaid payroll taxes.Ĭheck availability How do you use LegalZoom to start an LLC?.

You can still be held liable if you're sued for damages caused by your own negligence or wrongdoing.

You'll still be liable for any personal guarantees you've made for your LLC's debts.In addition to mixing your business and personal assets, there are some other exceptions to an LLC's limited liability protection: Are there exceptions to an LLC's limited liability protection?

If you maintain your LLC as a separate entity-meaning you don't mix your personal assets with the LLC's assets-your personal assets should be protected from business related lawsuits and creditors. One significant advantage of an LLC is the limited liability protection it offers the small business owner.

It may be more difficult to attract investors.While it can be less burdensome to maintain an LLC than a corporation, you will still need to ensure you stay up-to-date on all of your yearly filing and fee obligations.For example, depending on your state, initial filing fees and annual fees exist to maintain your status. There are fees and costs associated with running your business as an LLC.There are also certain disadvantages to an LLC, such as: You can choose a 'disregarded entity' status for IRS taxation purposes, meaning you claim your LLC's income on your personal tax return.Unlike a corporation, you retain flexibility in running and managing your business with an LLC.Having an LLC usually makes it easier to open a business bank account.Running your business as an LLC gives you increased credibility as a business.An LLC's limited liability status helps protect your personal assets.But for many small business owners, the pros often outweigh the cons. LLCs provide small business owners with benefits such as liability protection that aren't available to sole proprietorships or partnerships.Īs with all legal business entities, there are pluses and minuses to running your business as an LLC.LLCs are typically easier to maintain and manage than other legal business entities.LLCs are the most popular business entity, and for a good reason: Check availability Why are LLCs so popular?

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