LLC Formation, ITIN & EIN Number
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What you need to know about forming an LLC
What is an LLC?
A Limited Liability Company (LLC) is a popular business structure that combines the benefits of both a corporation and a partnership. It provides business owners with personal liability protection, meaning your personal assets are safeguarded in case of business debts or legal issues. Additionally, LLCs offer flexibility in management and tax benefits, making them an attractive option for small to medium-sized businesses.
Do I need an LLC?
An LLC isn’t always required, but many small business owners choose to form an LLC for personal liability protection. Having an LLC can also help you open bank accounts, enter into contracts, hire employees, and get necessary business licenses and permits.
What does LLC formation mean?
When you form an LLC, you submit a specific set of business forms to the state where you wish to create a new business entity. Once it’s approved, you can use this separate entity to record business expenses, take on business debts, file taxes, obtain business licenses, and more—and this is what gives you liability protection.
What you need to know about forming an LLC
What's the difference?
There are several important differences between an LLC and a corporation:
LLC | Corporation |
|---|---|
| Flexible management structure | Owned by shareholders |
| LLC owners have more freedom to decide how the business is run and managed. | Corporations have shareholders instead of members, and they issue stock. |
| More taxation options | Look more official |
| An LLC has flexibility in how it is taxed to help maximize savings. | Corporations are often seen as more credible, which can make it easier to do business with other companies. |
| Minimal record-keeping | More appealing to investors |
| An LLC does not need to record minutes or hold an annual shareholder meeting. | A C corp, but not an S corp, can go public and issue stock to new investors, which makes it easier to raise revenue. |
Services
Our LLC Formation Services
Consultation and Planning
Our experts will work with you to understand your business goals and provide personalized advice on structuring your LLC. We help you choose the appropriate state for registration and ensure your business name is unique and compliant with state regulations.
01
Preparation and Filing of Documents
We handle all the necessary paperwork, including preparing and filing your Articles of Organization with the state. Our team ensures that all documents are accurately completed and submitted on time, avoiding any potential delays or rejections.
02
Operating Agreement Drafting
An Operating Agreement is a crucial document that outlines the management structure and operating procedures of your LLC. We assist in drafting a comprehensive Operating Agreement tailored to your specific needs, ensuring clear guidelines for ownership, profit distribution, and decision-making processes.
03
EIN Acquisition
An Employer Identification Number (EIN) is required for tax purposes and to open a business bank account. Ecom Skipper will obtain your EIN from the IRS, simplifying this critical step in your LLC formation.
04
Ongoing Compliance Support
Once your LLC is formed, it is essential to maintain compliance with state and federal regulations. We offer ongoing support to help you stay on top of annual reports, filings, and other compliance requirements, ensuring your business remains in good standing.
05
Contact
Need Any Consultations ?
Contact us today to learn more about our LLC formation services and take the first step towards building your successful business. With Ecom Skipper by your side, you can focus on what you do best—growing your business—while we handle the rest.
