Wet Pluto

Limited liability company is similar to a corporation but is suitable for smaller companies with limited number of owners. It is a legal business entity where owners have limited personal liability even if they take part in the management. Similar to sole proprietorships and partnerships, LLC owners account for business income and losses on their personal tax returns.

Limited liability companies can be formed and incorporated online. Companies, which offer online incorporation of LLCs, are so designed that people desirous of forming a LLC can place their order entirely online. These sites offer a complete package of limited liability company incorporation services quite similar to what would be obtained by hiring an attorney to incorporate a LLC. Interested individuals are required to fill online incorporation questionnaires and the entire process may last for a few minutes. Individuals will then receive notification that their request has been received and is being processed by the site. These companies take care of all the paperwork once the order is placed and may also pay the state for filing of LLC.

These sites may also provide services such as checking business name availability, preparing and filing LLC Articles of Organization, or LLC Certificate of Organization, and acting as registered agents. They may also supply a Company or Incorporation Kit, which includes a minute book, company seal, and LLC certificates. These sites may also assist in preparing a LLC Operating Agreement, Organizational Minutes, and preparing IRS Form SS-4 Application for Employer Identification Number. If properly incorporated and maintained, LLCs provide liability protection for their members and managers.

Online incorporation of LLCs is a feasible option and also a time saving activity. Incorporation of a LLC by people themselves or by hiring an attorney may prove to be a time consuming operation. The expenses incurred while incorporating a LLC will differ depending on whether the incorporation is done online or otherwise. Some companies offer company formations that are completed electronically so online company incorporations may be completed within one working day.