MyCorporation

MyCorporation

Easily form an LLC. We make it easy to start and run your business.
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Why form an LLC? 

Forming a limited liability company (LLC) provides you with liability protection for any type of business you may own, and should be among the first steps a new business owner takes. Starting an LLC can help protect your personal assets while adding legitimacy to your company.

An LLC is one of the most popular entity types chosen by new business owners and start-ups. It's of the easiest entity types to set up and maintain with few annual requirements. One of the reasons an LLC is such a popular choice among small businesses is because it liability protections while being very easy to operate and maintain.

 

The benefits of an LLC

  • Protect personal assets
    Designate your business as a separate legal entity, preventing personal responsibilty for the debts of your business.

  • Save money on taxes
    Set your business up to take advantage of potential tax deductions and savings designed to help your LLC to grow and flourish.

  • Build credibility
    Establishing a professional identity provides the benefit of showing potential customers and investors that your business is legitimate and here to stay.

  • We handle the paperwork
    We make filing a business quick and painless. Answer a few simple questions about your business and we complete all the required filings.

Key Selling Points for MyCorporation

  • Over 20 Years: MyCorporation has been helping customers form and maintain their businesses since 1998, becoming the most trusted online filing company.
  • All 50 States: MyCorporation works individually with all 50 states to make sure that you get the quickest filing times possible at an affordable price.
  • 1 Million Businesses: We truly care about the success of businesses, and we have been honored to help over one million new businesses form and grow.

Frequently Asked Questions for MyCorporation

What is Liability Protection?
Filing a limited liability company separates the personal assets of a business owner from those of their business. This prevents financial responsibility for debts and liabilities of the business. Even though members are still liable, that liability is limited to the extent of their investments in the business. If, for instance, the company is involved in a lawsuit, the assets of the LLC itself could be in jeopardy, while the personal assets of the members/owners would be protected.
What kinds of businesses typically choose to file as an LLC?

Limited liability companies are easy to maintain while remaining extremely flexible, so it's not surprising that it is a popular choice among businesses of all different shapes and sizes. Often, LLC owners are self employed or run smaller businesses where the simplicity of pass through taxation makes a lot of sense. Since the profits and losses are reported directly on the owners personal tax returns, filing taxes is much easier.

For businesses in industries, like construction or real estate, where unforeseen circumstances and hazardous conditions may hold the owner responsible, consider incorporating as an LLC. This entity may not be the best choice for businesses that plan on raising capital through outside investors. LLCs are not public structures and do not have shareholders, so taking a company public is not an option. However, in the event that the business owner would like to take their business public they may switch to a public legal structure, like a C corporation, later on.

What are the maintenance requirements of an LLC?
LLCs have fewer ongoing requirements compared to their corporation counterparts. For example, an LLC is not required to keep minutes or hold annual meetings. An LLC also does not have a board of directors, and isn't is held to the same record-keeping standards of a corporation. Keep in mind that the state of incorporation will have its own set of annual requirements. That includes filing the required business licenses and permits, which vary from state to state. Be sure to check in with the applicable Secretary of State to ensure required filings aren't accidentally missed.
Are there tax advantages for LLCs?
Depending on how the business is structured, (the amount of revenue the business earns, and several other factors) forming an LLC can provide potential tax benefits for business owners. LLCs are allowed to choose how they want to be taxed, either as an S corporation or C corporation. These options are not available when you are operating as a sole proprietorship. LLCs don't pay their own taxes directly, the income of the business its passed on to the members of the LLC through "pass through taxation." This means that a member is subject to self-employment taxes, but at higher levels of income, the LLC can often pay a lower base tax rate than a C Corporation. The best way to determine the potential tax benefits is to consult an accountant.
Does an LLC have flexible ownership?
Even though many LLCs only have a single member (owner), the LLC structure itself allows for an unlimited amount of owners. This also gives the power to the owner of the business to determine its structure.
What is included in this LLC filing?
  • Articles of Organization: Document that establish your existence as an LLC/Limited Liability Company.
  • Operating Agreement: Outlines the ownership and member duties of your Limited Liability Company.
  • Sample Documents: Includes Minutes and membership certificate samples.
  • Customer Support: Our filing experts will be with you every step of the way to ensure your Limited Liability Company is formed quickly and accurately.