Register your Limited Liability Corporation in USA
A Limited Liability Company (LLC) is a flexible business structure in the USA that provides the limited liability protection of a corporation with the tax benefits and operational flexibility of a partnership. It is a popular choice for small to medium-sized businesses.
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Goods and Bads
Limited Liability Corporation in USA comes with its own pros and cons which is very important for decision making purposes
Advantages
- Limited Liability Protection for members
- Pass-through taxation
- Flexibility in management structure
- Fewer compliance requirements compared to a corporation
- No restrictions on the number of members
- Enhanced credibility
Disadvantages
- Self-employment taxes
- Limited life in some states (dissolves upon death or withdrawal of a member unless specified otherwise)
- Complexity in raising capital compared to corporations
Process
Step by Step Process
Choose a State
Select a state in the United States that meets your bussiness objectives.
Choose a Name
Select a unique name for your LLC that complies with state naming requirements.
Appointing a Registered Agent
Designate a registered agent who will receive legal documents on behalf of the LLC.
File Articles of Organization
Prepare and file the Articles of Organization with the Secretary of State in the state where you are forming the LLC.
Create an Operating Agreement
Draft an Operating Agreement outlining the management structure and operating procedures of the LLC.
Obtain an EIN
Perhabs the most important step to apply for an Employer Identification Number (EIN) from the IRS for tax purposes and to open a business bank account.
Open a Bank Account
After the receipt of the EIN, the next step is to apply for a Bank account that correlates with your business goals.
Tax and Compliances
Following are the Compliances that will be required
Pass-through Taxation
LLC profits are not taxed at the corporate level. Instead, profits and losses are passed through to the members' personal tax returns and taxed at their individual tax rates.
Self-employment Taxes
Members of an LLC are considered self-employed and must pay self-employment taxes on their share of the profits.
State Taxes and Fees
LLCs may be subject to state-specific taxes and annual fees. The amount varies by state.
Annual Filings
LLCs are required to file annual reports and pay associated fees to maintain good standing with the state.
Documents Required
Following are the documents that will be required
Identity Proof Residents
US Residents can provide SSN or Driving License.
Identity Proof Non-Residents
Non residents who wish to register an LLC will be required to provide Passport Copy.
Detailed Nature of Business
A detailed business nature will be required from the business owners.
Recent Bank Statement
If non resident, a bank statement providing recent bank statement (less than 60 days) would be required
Deliverables
The service package includes a comprehensive list of deliverables which includes the following.
Certificate of Formation
Operating Agreement
Employer Identification Number (EIN)
Registered Agent Service
State Compliance Checklist
Business Bank Account Setup Assistance
Expert Support
Client Testimonials
Trusted by Business Owners
Real feedback from entrepreneurs who chose Taxkriya for their business needs.
"Excellent service at competitive rates. Handled our company registration efficiently. Highly recommend Taxkriya for any business compliance needs."
Jalal J
C3 Property Store Private Limited
"Professional team that made company formation straightforward. They listened to our requirements and guided us to the right structure. Smooth process throughout."
Krishna Chaitanya
Cognikey Technology Solutions Private Limited
"One of the smoothest LLC formations I've experienced. The team, especially Mr. Gowtham, provided exceptional support from start to finish."
Ganta Sai Akhil
Sketchz Engineering LLC
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