What To Expect From An LLC Formation Service
There are numerous factors to consider when establishing a new business. First and foremost, it’s crucial to determine what legal structure your business should use. In most cases, this decision will be influenced by the type of business you’d like to start.
If you decide to form a limited liability company (LLC), you may be able to do so yourself with the assistance of the internet or a book on how to create an LLC. Like a corporation, forming an LLC allows you to protect your personal assets and business investments all while also gaining the benefits of a partnership.
However, if your business is more complex and requires specialized knowledge, you may need to hire an LLC formation service to assist you with the process. You can search online for various formation services and read online reviews, such as the LegalZoom LLC review. By doing research, you can find an LLC formation service that will effectively guide you through the steps involved in forming an LLC.
With that in mind, read on to know what to expect from an LLC formation service.
What Is An LLC Formation Service?
An LLC formation service is a company that adds an extra layer of security to your company. They’ll first assist you with the paperwork and registration process of establishing an LLC, which can be intimidating for some people. They may offer also accounting, legal, and tax-related assistance services.
Furthermore, LLC formation services can assist you with the complex process if you intend to conduct business in multiple states. They should also be able to provide you with the appropriate forms, ensure that they are filed correctly and on time, advise you on how to make your LLC legally compliant, and provide general information on LLC formation.
Lastly, LLC formation services may assign you a registered agent. A registered agent is a person or company who navigates legal processes on behalf of your LLC. The registered agent is usually a team member of the LLC formation service company, who receives and forwards legal documents from other businesses or individuals to you or your business partner.
What LLC Formation Companies Offer
An LLC formation service can help you protect and grow your business by providing various services. The primary services that an LLC formation company offers include:
- Financial Statement Review
Before you file for your LLC formation certificate, they’ll examine your company’s financial statements. They’ll determine whether it’s more cost-effective to form an LLC rather than a corporation or partnership. If they determine that forming an LLC is more beneficial for you, they’ll make recommendations and assist you in filing the initial documents required to form your new LLC.
- Business Registration
Completing all necessary paperwork, such as state filings, is part of the business registration process. The LLC formation service will assist you with all these tasks. When they’re completed, you’ll have everything in order before proceeding with your registration process in the state where you intend to do business.
- Articles of Organization
The LLC formation service will help you complete other paperwork for your LLC, such as the articles of organization and operating agreement. These documents outline how the company will operate and what roles each member will play in keeping it running smoothly.
- Name Search
If you’re looking for an LLC name, the LLC formation service will assist you in finding one that meets your requirements. You can search through thousands of names on their website and select one. They also provide free name suggestions to help create a name for your business.
Benefits Of Hiring An LLC Formation Company
When you hire an LLC formation service provider, you can rest assured that your new LLC is in good hands. While there are some advantages to forming an LLC on your own, hiring a formation service provider may be a better option with the following benefits:
- Faster Service
Hiring a professional formation service is faster and easier than forming your own LLC. With expertise and efficiency, the formation service will prepare all of your LLC forms for you and guide you through the process using all the information you provide.
- Cheaper Fees
Many formation services provide discounts for additional services such as legal counsel, accounting services, and website design. Compared to doing it all yourself, hiring these other services—in addition to the formation service—can save you a lot of time and money, which could have been spent on inefficiently experimenting and figuring things out.
- Easier To Manage
Finding the right staff members willing to take on responsibilities is one of the most challenging tasks when starting a business. You can be confident that an LLC formation service will know how to help in navigating this aspect of business formation professionally.
Overall, LLC formation services are a valuable resource for anyone starting a business. They can help you work through many legal processes in starting a business by providing you with all the necessary information and documents. With that in mind, when you’re looking for an LLC formation service, it’s important to inquire about their fees and the specific services they offer.