There are many companies that aid in the paperwork and headaches of starting a business or LLC. Although all of them have their merit, one stood out more than the rest:
Our Pick:
Northwest Registered Agent helps you get started and supports you in your continued success as your one-stop shop for all your business filings. They offer many options and extras put you on the right rack. Although some of their services can be overkill, it’s the most convenient and straightforward option on the market today.
Basics and Benefits of Starting Your Business as an LLC
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What is an LLC?
A limited liability company, or LLC, is a business structure that provides the liability protection of a corporation and the tax benefits of a partnership.
Limited liability companies are not taxed like corporations. Instead, they are taxed like partnerships. This means that the income is passed through to the owners and reported on their personal tax returns. The LLC itself does not pay taxes. This is the easiest way to get started with a business.
Can I Form an LLC Myself?
The simple answer is yes.
I’ve done the process without the use of one of these agents and it’s easy. You’ll have to look around for the articles of organization and operating agreement templates. Fill them out and make them fit your business then submit them yourself to the state. All you’ll have to pay is the state fee. If you’d rather not waste as much time and get started faster, it’s way easier to use one of these registry services.
What You Need to Do to be Able to Start Your Company As An LLC
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In order to start your company as an LLC, you need to fill out the Articles of Organization form and file it with the state. You’ll also need to designate a registered agent and write your LLC operating agreement. You will also need to file a tax ID number with the IRS. Finally, you’ll need to get a business license from your city or county government. You can either do this yourself or you can outsource the work to companies such as incfile or northwest registered agent.
The fees per state differ. For example, if you are starting an LLC in California, you will also need to file a Statement of Information form and pay an annual $800 fee. This is also known as the ‘Alternative Minimum Tax’. Although, you can start your business in any state, it’s recommended that you start your business in your home state.
How To Hire Employees For Your New Business As An LLC
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If you plan to hire employees, then it is important for you to know how to hire them correctly in order to avoid any legal issues.
After starting your business, you should decide whether you will hire employees or not. The decision will depend on your personal preference and the type of business you are starting. An LLC should allow you to hire employees without much headache.
What Is the Best Time Frame For Setting Up My New Company? When Can I Start Doing Business?
Starting a business is not an easy process, and it is not uncommon for people to have many questions. One question that many people ask is, “What is the best time frame for setting up my new company?”
There are a number of factors that determine when you can start doing business. These include how quickly you can get your business license and the type of company you are starting.
The average time to start a business varies depending on the country and region, but generally takes between one month and six months.
What’s the Best Way to Start a Business?
We like Northwest Registered Agent as the easiest way to set up and manage your business. They’ll even help with filing for as little as the state fee, for my business, it’s in Florida without any contracts or hidden fees.
Viable Alternative:
Incfile
If you’re on a budget, they have plans for as little as $0 (+state fees). They also have more comprehensive features with their Gold and Platinum ($149 + state fees & $299 + state fees) respectively.
What Service to Avoid:
I would not recommend ZenBusiness but it’s an available alternative. I didn’t really like the chat-box type questionnaire. It was extracting too much information from me. That way, if you don’t complete it, they can always contact you later. I also had difficulty contacting them which isn’t something I’d want to deal with if I’m starting a business.
Northwest is a premiere registered agent service. They support over 3 million businesses and over 700 employees. It’s a reliable service. They also give you access to useful resources to help your business. They can get to be a bit on the expensive side with services that quickly add up to quite the sticker shock but most of them are optional.
- Usability
- Ease of Use
- Features
- Customer Service
We’re entrepreneurs — just like you.
We make incorporating a company as easy as possible, so you can focus on the important things. Beyond free LLC filing, we have a full suite of startup services (like banking and bookkeeping), which means Incfile not only helps you get started, but supports you in your continued success as your one-stop shop.
Whether you’re starting an LLC, S Corp, C Corp or other business entity, our mission is to provide you with a superior and modern experience at an unparalleled value.