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LLC (Limited Liability Company)

Form Your LLC Online
in as Few as 10 Minutes

  • More businesses form as an LLC online than any other entity type
  • Protect your personal assets from business debts or liabilities
  • Spend less time doing paperwork and more time running your business

Starting your own LLC Online is Easy

Our three-step process will have your business up and running HF Consulting

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Tell Us About Your Business

We’ve taken the complexity out of forming your LLC. Our easy online form can be completed in just 10 minutes or less.

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We File The Paperwork

Based on the information you provide, we prepare all required documents and file them directly with the Secretary of State.

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Receive Your Documents

Once your incorporation documents have been approved by the state, you will receive your completed LLC package by mail.

Why Business Owners Choose HF Consulting

Every day, business owners from all over the nation rely on HF Consulting to help them start and maintain their limited liability company.

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Trusted And Experienced

Our Business Specialists will form your new business the correct way, saving you time and money by avoiding costly errors. Let us handle your business filings while you focus on growing your business.

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Personal Customer Support

Each one of our customers is assigned a personal Business Specialist. Have a question? Just call your personal Business Specialist directly. No need to wait in a pool of phone calls.

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Fast Turnaround Time

When you place your order through HF Consulting, we can immediately start the process of forming your new business. Our processing times are some of the fastest in the industry.

Why choose an LLC?

100% Satisfaction Guarantee

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PERSONAL ASSET PROTECTION

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PASS-THROUGH TAXATION

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FEWER FORMALITIES

MANAGEMENT FLEXIBILITY

What sets LLCs apart

Limited Liability Companies provide personal asset protection, shielding business owners from being personally liable for business debts. And unlike corporations, LLCs aren’t beholden to the same strict recordkeeping requirements as corporations.

There are multiple types of LLCs, such as foreign, member-managed, L3C, and single- or multiple-member managed LLCs. HF Consulting can help you determine which business structure is best for your new business.

Choose the Right Business Type

Compare the important differences of each business structure to decide
which one is right for your company.

Protection

LLC

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LLCs provide personal asset protection, which shields you from being personally liable for business debts.

C CORP

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C Corps provide personal asset protection, which shields you from being personally liable for business debts.

S CORP

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S Corps provide personal asset protection, which shields you from being personally liable for business debts.

DBA

Owners have no personal asset protection, which makes them personally liable for business debts.

Managing Your Business

LLC

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LLCs must be member or manager managed according to the terms of the operating agreement. Member managed means the owners of the company manage the company. Manager-managed means the members (or owners) elect one or more managers to manage the company.

C CORP

C Corps are required to have shareholder elected directors who oversee and elect officers to run the day-to-day operations of the company. The business owner(s) can be the shareholder(s), the director(s) and officer(s).

S CORP

S Corps are required to have shareholder elected directors who oversee and elect officers to run the day-to-day operations of the company. The business owner(s) can be the shareholder(s), the director(s) and officer(s).

DBA

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The DBA owner may manage the business without restriction.

LLC

Varies

Changes in ownership of an LLC are dependent on the terms of the operating agreement.

C CORP

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Ownership changes in a C Corp are easily made through the sell of stock to new or existing shareholders.

S CORP

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Ownership changes in an S Corp are easily made through the sell of stock to new or existing shareholders.

DBA

DBAs cannot make ownership changes.

LLC

Varies

The life of the LLC is dependent of the terms of the operating agreement. Its existence may be short term or perpetual that survive the death or transfer of the membership interests of the original founders.

C CORP

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C Corps are separate entities that survive the death or transfer of stock of the owners and/or major shareholders.

S CORP

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S Corps are separate entities that survive the death or transfer of stock of the owners and/or major shareholders.

DBA

DBAs end upon closure of the company or the death of the owner.

LLC

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Depending on the state of incorporation, an LLC may be required to file an annual report and/or pay franchise fees.

C CORP

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After formation, C Corps have many ongoing formalities such as writing bylaws, selecting directors, holding initial and annual shareholder meetings, and issuing stock.

S CORP

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After formation, S Corps have many ongoing formalities such as writing bylaws, selecting directors, holding initial and annual shareholder meetings, and issuing stock.

DBA

There are no ongoing corporate formalities.

LLC

Varies

LLCs are not allowed to sell stock but may be able to raise capital via bank loans, from its members and various other avenues. Any equity to sales to third parties needs to be done in compliance with SEC regulations.

C CORP

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C Corps may issue many types of stocks, which may be sold to an unlimited number of shareholders. Any equity sales to third parties needs to be done in compliance with SEC regulations.

S CORP

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S Corps may issue one type of stock, which may be sold to a maximum of 100 shareholders. Any equity sales to third parties needs to be done in compliance with SEC regulations.

DBA

DBAs are not allowed to sell stock but may be able to obtain bank loans.

Tax

LLC

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LLCs are not taxed at the corporate level. Instead, all profit and losses are reported with the personal income taxes of each member.

C CORP

The income of the C Corp is taxed at the corporate level and then again at the shareholder level.

S CORP

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S Corps are not taxed at the corporate level. Instead, all profit and losses are reported with the personal income taxes of each shareholder (owner).

DBA

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DBAs are not taxed at the company level. All profit and losses are reported on the personal income tax return of the owner.

LLC

LLCs are not taxed at the corporate level.

C CORP

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The income of the C Corp is taxed at the corporate level and then again at the shareholder level.

S CORP

S Corps are not taxed at the corporate level.

DBA

DBAs are not taxed at the corporate level.

State Filing Fees

LLC

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LLCs are required to pay formation fees to the state. Fees will vary based on the state of incorporation.

C CORP

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C Corps are required to pay formation fees to the state. Fees will vary based on the state of incorporation.

S CORP

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S Corps are required to pay formation fees to the state. Fees will vary based on the state of incorporation.

DBA

There are required filing fees for DBAs. Fees will vary based on the county and state in which the DBA is filed.

LLC

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Depending on the state of incorporation, reports and fees may be required.

C CORP

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An annual report and franchise fees are generally due each year along with other reports and fees, which varies depending on the state of incorporation.

S CORP

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An annual report and franchise fees are generally due each year along with other reports and fees, which varies depending on the state of incorporation.

DBA

There are no ongoing compliance fees.

Advantages of Forming an LLC

These are a few of the reasons why a majority of small business owners favor
the Limited Liability Company structure.

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PROTECTION FROM PERSONAL DEBTS AND LIABILITIES

For businesses that choose to establish an LLC business structure, their personal assets are considered separate from the personal interest invested in the company. This means that debts and liabilities incurred are the responsibility of the business rather than its members.

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FLEXIBLE TAX STATUS

Members of an LLC are able to determine how the company is viewed as a taxable entity. LLCs are either federally taxed as a partnership or a sole proprietor, depending on whether it’s a multi-or single-member LLC. The business may also, however, choose to be taxed as an S- or C-corporation.

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MINIMAL FORMALITIES

Unlike other business structures, LLCs are beholden to very few regulations, such as filing an annual report and paying any applicable state-level taxes. Beyond the formation process, HF Consulting helps businesses remain compliant regardless of the stage a company is in.

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PASS-THROUGH TAXATION

LLCs are taxed on a pass-through basis, meaning the profits and losses of LLCs are paid out by each individual owner and are only reflected on their personal income tax returns. Setting up LLCs with multiple owners, however, must file a purely informational tax return for their business, while LLCs held by a single member do not.

Are You Ready to Begin?

Launch your business today starting at $49 + state fees. See detailed pricing
We also offer a 2-Easy Payment Plan to help get your business up and running quickly.

Included In All Of Our Packages

  • Verify Company Name Availability
  • Preparation of Articles of Incorporation
  • Document Filing with Secretary of State
  • Dedicated Business Specialist
  • 100% Satisfaction Guarantee
  • Online Access to Your LLC Documents
  • Certificate of Incorporation
  • Lifetime Customer Support
  • Delivery of Documents

Common Questions About Starting an LLC

You have questions, we have answers. If you’d prefer to speak directly with a Business Specialist,
please give us a call at 917-791-0636. We love to help!

Despite being a relatively new option, the limited liability company (LLC) is now one of the most popular business structures among smaller organizations. While allowing business owners to remain free from a great deal of the regulations imposed on other types of companies, it still provides limited liability protection for its owners (members). This means that the personal assets of an LLC’s ownership cannot be collected to fulfill the debts of the business.

If you need to do more information gathering before deciding which company structure is best for your business, read more about the strongest differentiators between LLCs, corporations, general partnerships, and sole proprietorships in our Learning Center.

All states require potential LLC owners to file a substantial set of documents, typically called the Articles of Organization, in order to establish their business. We can take care of this process for you, saving you time, effort, and allowing you to focus on developing your business – not filing paperwork. Lean on our expertise to ensure all paperwork is filed correctly the first time.

Though it typically only takes between 7 and 10 days to form an LLC, the length of the formation process depends on the state in which you’re starting a business. For an additional fee, expedited processing can be requested so that your application is reviewed before others.

Contact HF Consulting support to learn more information about how long the formation process takes in your state.

The name you choose for your LLC is an important decision, as it will be how you represent yourself to potential associates and clients. With that in mind, it is advisable that you take some time to craft a name that you will be proud to have representing you and your business.

Your name must be unique, and not deceptively similar, to any other trademarked name or business. It is also required that your name not be used to intentionally misrepresent the products or services you offer. For LLCs, nearly all states will also require you to add a signifier of your limited liability status, such as “LLC” or “L.L.C.” to the end of your company’s name. You may be able to operate under a name other than your formal LLC name by applying for and using a dba.

Leverage our free business name generator to find a name perfect for your businesses. Already have a name in mind? Enter the name in our free business name search and we’ll let you know if it’s available, as well as help you secure the name for future use.

There is no minimum requirement as to the number of owners (also referred to as members) that an LLC must have. At the federal level, single-member LLCs qualify for pass-through taxation, however this is not always true at the state level.

The application required for incorporating as a Limited Liability Company (LLC) is called the Articles of Incorporation (also referred to as a Certificate of Incorporation). This document contains basic information about the company, its owners, and its directors. Depending on your state of incorporation, there may also be state-level fees or taxes that must be paid.

HF Consulting can take care of the required filings for your LLC. which allows you to focus on developing and growing your new company.

An attorney is typically not required when starting a business. A business filing service such as HF Consulting can help you streamline the formation process, and save you a great deal of time, effort, and money. However, if you are unsure of which business structure may be right for you, or you have questions regarding specific tax or organizational issues, it may be advisable to speak with an attorney or accountant before starting a new business.

LLCs are typically taxed on a pass through basis, much like general partnerships. As pass through entities, the profits and losses of LLCs are passed on to the individual owners and are reflected on the owner’s personal income tax returns. Alternatively, LLCS may elect to be taxed as S corporations to potentially reduce the self-employment taxes imposed on the owners.

It should also be noted that several states impose a franchise tax, ranging from $100 to $800, on LLCs. These taxes are typically due on an annual basis and must be paid in order to keep you business in compliance with the state. Failure to pay the imposed franchise tax can lead to the forfeiture of your right to conduct business in your state.

LLCs can be organized with two different structures. The first structure will allow the business to operate much like a general partnership or sole proprietorship. In this structure the Members (owners) will be in charge of making all business decisions. This is the most commonly used structured among LLC owners.

If the LLC will be Manager governed, an elected set of Managers (who can be people other than Members), will make the business decisions. Under this structure, the business will more closely resemble a traditional corporation, with the Managers acting as directors, and the owners acting as shareholders. If an LLC elects to be governed by Managers, this decision must be stated in the Articles of Organization.

The LLC is typically the best choice for smaller entities. The LLC structure provides a great deal of ownership flexibility in that an LLC may have any number of Members (owners) including non-US citizens and subsidiary companies. LLCs are also able to distribute several different classes of stock or ownership interest. However, their owners are typically required to pay a self-employment tax.

S Corp regulations are much less lenient in regards to ownership. They are limited to 100 owners and all owners must be US citizens. S Corps are also unable to provide potential shareholders with different classes of ownership interest or stock. However, S Corp owners are typically free from self-employment taxes.

There are certain states that will require you to publish a notice of business formation in the local newspaper(s) such as Arizona, New York, Nebraska, and Pennsylvania. The requirement can be met by using a filing service such as HF Consulting.

It should also be noted that the state of New York requires limited liability companies to comply with an unusually strict set of publication requirements. In addition to publishing notices in two papers in the county in which your business is forming, you will also be required to provide proof of this to New York’s Department of State within 120 days of becoming officially recognized as a business. Failing to do so can result in suspension of your right to conduct business in the state.

All formal business entities, including LLCs, are required to have a Registered Agent on file with the state at all times. The agent may be an individual or company with a physical address located in the state of incorporation. Agents must be available at all times during standard business hours (9 a.m. – 5 p.m. Monday – Friday). The role of a Registered Agent is to receive any and all of communications from the government to the business. The agent’s name and address must be disclosed as part of the company’s public record.

If you are foreign qualifying your business or wish to keep your contact information private, it may be wise to hire a professional Registered Agent service such as HF Consulting. Our professional Registered Agent service ensures that your legal requirements will be fulfilled and that all communications will be relayed to your company in a timely manner.

HF Consulting offers a professional Registered Agent service as well business filing services. Regardless of the state in which your business is located, we can provide you with Registered Agent services. HF Consulting provides companies of all types and sizes an affordable solution that will ensure that they remain compliant with all Registered Agent requirements.

The first step in forming an LLC online is to file your company’s Articles of Incorporation with the state in which you are looking to establish your business. Once this has been completed, it is recommended that you take the time to develop a formal set of documents that will explicitly outline the ownership and management structure of the business, as well as establish your initial bank accounts.

There may be some state specific requirements that you must observe during these processes as well. Also, keep in mind that LLCs do face ongoing compliance requirements that will need to be fulfilled on an annual basis.

BIZCOMPARE

View and compare the different types of business structures to help you understand
the benefits of each.

We’re here to help. Call Us to speak with a Business Specialist
917-426-8704

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