FAQ
-
What Makes Live-Guided Form My LLC Different?
When you purchase Live-Guided Form My LLC you get personalized, one-on-one service. It takes the stress out of second guessing yourself and not knowing what to enter in the fill in the blanks on state formation sites.
-
How Does Live-Guided LLC Formation Work?
After purchasing, you will immediately receive an email from us to schedule a time for us to meet one-on-one over a video call. During the video call, we will ask you a series of questions where we will use the answers to form your LLC. If you are unsure of the answer or don’t know, no worries, we will explain it to you so you feel confident with your answer. You will be able to see us typing in the answers to ensure the information is correct. The most important thing is for us to take the stress out of doing the paperwork to form your business.
-
What does LLC stand for?
LLC stands for Limited Liability Corporation.
-
What is a Limited Liability Corporation?
A Limited Liability Company or LLC is a business structure. It is a way to legally set up a business so that the owners (called “members”) are not personally responsible for the company’s debts or lawsuits. Money made by the business can go directly to the owners, who then report it on their personal taxes (called “pass-through taxation”, instead of the business paying its own tax first.
-
What are the Benefits of Setting Up an LLC?
Limited Liability Protection: Owners or members don’t risk their personal assets if the business owes money or is sued.
Tax Advantages: Owners report profits and loses on their personal tax returns. The business itself doesn’t pay income tax. This helps avoid “double-taxation” or taxing both the company and the owners/members.
Flexibility: LLC’s can have one or multiple owners. Even other companies can be an owner.
Ease: LLC’s are relatively easier to create and run compared to corporations.
Credibility: Having an LLC can help make your business look more professional to customers or clients.
-
Is The Biz Birth Co a Law Firm?
No, The Biz Birth Co is neither a law firm nor an accounting firm. It does not provide legal or tax advice. Please note that laws and regulations are subject to frequent change.