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LLC’s are unique in that they have flexibility in how they operate and be taxed. For example, LLC’s can also be taxed as if it were an S Corporation. Members can even be foreign nationals or other companies, and there is no limit on the number of members.
How it works:
1. Complete our online form
2. We file the documents
3. Receive approved articles.
LLC Formation (Any State)
- A La Carte Pricing – Select Options As Needed
- Unlimited Support – Phone, Chat, Email
- Low Price
- 24/7 Document Access (Official PDFs)
Form a C-Corporation
- A La Carte Pricing – Select Options As Needed
- Unlimited Support – Phone, Chat, Email
- Low Price
- 24/7 Document Access (Official PDFs)
Form an S-Corporation
- A La Carte Pricing – Select Options As Needed
- Unlimited Support – Phone, Chat, Email
- Low Price
- 24/7 Document Access (Official PDFs)
Apply your online business incorporation – A limited liability company, also known as an “LLC,” is a flexible common business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.
They also have the flexibility of being taxed as a C-Corporation or S-Corporation.
Start a C-Corporation now – The C-corporation is the standard corporation, while the S-corporation has elected a special tax status with the IRS.
A C-corporation , under United States federal income tax law, refers to any corporation that is taxed separately from its owners. A C corporation is distinguished from an S-corporation, which generally is not taxed separately.
Start a S-Corporation now – The S-corporation is a corporation that has elected a special tax status with the IRS. It gets its name because it is defined in Subchapter S of the Internal Revenue Code.
A C corporation, under United States federal income tax law, refers to any corporation that is taxed separately from its owners. A C corporation is distinguished from an S-corporation, which generally is not taxed separately.
In contrast, forming an LLC or corporation creates a business structure separate from its owners. In a properly formed and managed business, only business assets remain at risk in a judgment against the company. Owners can protect their personal savings and possessions from business debts.
In a C corporation, the IRS taxes profits at the corporate level and dividends at the shareholder level.
Both corporations and LLCs can choose to taxed as an S Corporation, which may offer additional tax benefits. We offer the S election service for both LLC’s and corporations for $99.
Limited Liability. Members are protected from personal liability for business decisions or actions of the LLC. This means that if the LLC incurs debt or is sued, members’ personal assets are usually exempt. This is similar to the liability protections afforded to shareholders of a corporation. Keep in mind that limited liability means “limited” liability – members are not necessarily shielded from wrongful acts, including those of their employees.
Less Recordkeeping. An LLC’s operational ease is one of its greatest advantages. Compared to an S-Corporation, there is less registration paperwork and there are smaller start-up costs.
Sharing of Profits. There are fewer restrictions on profit sharing within an LLC, as members distribute profits as they see fit. Members might contribute different proportions of capital and sweat equity. Consequently, it’s up to the members themselves to decide who has earned what percentage of the profits or losses.
Disadvantages of an LLC
Limited Life. In many states, when a member leaves an LLC, the business is dissolved and the members must fulfill all remaining legal and business obligations to close the business. The remaining members can decide if they want to start a new LLC or part ways. However, you can include provisions in your operating agreement to prolong the life of the LLC if a member decides to leave the business.
Self-Employment Taxes. Members of an LLC are considered self-employed and must pay the self-employment tax contributions towards Medicare and Social Security. The entire net income of the LLC is subject to this tax.
State laws do not require LLCs to hold annual meetings or record meeting minutes. However, we recommend that LLCs update their records at least annually to reflect any changes in management or activities.
Almost all state, county, and local governments require LLCs to complete business license, permit, and tax registration applications before beginning to operate. Learn more about how our Business License Compliance Package can help your company.
The IRS requires corporations, Limited Liability Companies (LLCs) operating as partnerships, and all employers to obtain an EIN. This number is used for all tax filings the business makes. Banks, lenders, and business partners may also request your EIN.
An EIN and a Federal Tax Identification Number are the same, just different terminology for the same number.
The IRS usually requires corporations and Limited Liability Companies (LLCs) operating as partnerships to obtain an EIN. Any business that hires employees, including sole proprietorships and single-member LLCs, must also apply for an EIN.
Banks may require an EIN in order to open a business checking account. Also, you may need to list your EIN on business license, permit, and tax registration applications.
We can obtain an EIN for you for just $89. You can order it together when you incorporate through our website (click get started now). You can also order the EIN separately here.
C Corporations can elect “pass-through” taxation by applying to the IRS for status as a Subchapter S Corporation. The S Corporation provides the same protection from personal liability. However, owners can report their share of profit and loss in the company on their individual tax returns. The S Corporation files IRS form 1120s to report income. Entities that have assets in excess of $10 million or file over 250 forms each year must file these s corp forms online.
S Corporations have a number of restrictions. Most notably, only U.S. citizens or permanent residents may own an S Corporation. An S Corporation may not have more than 100 shareholders.
The owners of an LLC are referred to as members. Depending on the state, the members can consist of a single individual (one owner), two or more individuals, corporations or other LLCs.
Unlike shareholders in a corporation, LLCs are not taxed as a separate business entity. Instead, all profits and losses are passed through the business to each member of the LLC. LLC members report profits and losses on their personal federal tax returns, just like the owners of a partnership would.
We can can walk you through the process of your LLC formation either online or by telephone. Customers usually find our LLC formation services less expensive than those of an attorney.
It only takes about 10 minutes to fill out the online LLC application. You simply need to choose a business structure, state, and your company name. We take care of the rest.
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Why choose EZ Incorporate for your needs?
Get Approved or Your Money Back
Our experts review each application to make sure it is filed correctly.Fast Processing
We process and send out all applications within 24 hours of your order.Dedicated Lifetime Support
We provide phone, email, and live chat support to all our customers forever.I just wanted to say that these guys are awesome, and very very professional. I was WOWed with every interaction with customer service.They resolved every question on the spot. If I knew what I was going to get before the order I would have gladly paid more it was that good.
My business partner and I decided start an LLC with S corporation benefits and did not know the first thing about setting it up. After looking at the paperwork involved we were very unsure about doing it ourselves.Thankfully we found EZ incorporate early on. They broke down the process into step by step pieces that were easy for us amateurs to understand.
This is the most dependable and informative incorporation service out there.No one else was willing to answer my 20 some questions and walk me through it step by step.
Go with EZ Inc. You’ll know you are in good hands after the first phone call
