Sunday, December 28, 2008

LegalZoom and Forming an LLC

One of the biggest decisions that you have to make when you make the choice to start a business is deciding on the structure that you going to form your business as. There are several choices as far as choosing a small business structure. As an example, your small business can be a corporate structure, a limited liability company, or a sole proprietorship.

A very desired business structures in use today is the limited liability company, otherwise known as an LLC. With an LLC, your small business has many of the advantages of a more traditional corporate business structure, but not all of the reporting requirements of a corporation. Of course, you should seek the advice of a competent professional before you choose which business entity you are going to go with.

When you consider starting an LLC, you have the choice of using an online limited liability company formation service such as LegalZoom. LegalZoom offers LLC formation services from just $149, plus state filing fees, so they are a very affordable alternative to using a legal firm. LegalZoom handles all of the state required paperwork for you, and provides you the paperwork you need to be able to run your LLC as you are supposed to.

If you decide on LLC corporations, and you create your limited liability company and run it the proper fashion, you are affording yourself a certain degree of liability protection that does not exist if you were operating as just a sole proprietorship. It is very important that you decide on business structure that will give you the personal liability protection that is necessary in the current lawsuit happy environment of today.

Forming LLC is a good move if you are going to go into business for yourself. Seek professional advice before you make a decision about your business structure, but most likely you will be told that there is nothing wrong with using a LLC. Making use of an online LLC formation company like LegalZoom is a smart choice, as it will save you time and money and you will be forming your business structure the correct way.

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