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Wondering what happens after you submit your incorporation order to us? Have questions about using MaxFilings to incorporate your business or form an LLC? Here you'll see basic questions about our system that can help make your experience smooth and hassle-free. FAQ About MaxFilings
MORE BUSINESS SERVICES
- Registered Agent
- Certified Copy of Business Formation Documents
- Foreign Qualification
- Certificate of Good Standing
- Business Forms on CD
- Kit, Seal & Sample Forms
– Profit Corporation - Kit, Seal & Sample Forms
– Professional Corporation - Kit, Seal & Sample Forms
– LLC - Kit, Seal & Sample Forms
– Professional LLC - Kit, Seal & Sample Forms
– Nonprofit Corporation - Amendment
- DBA - Fictitious Name
- Apostille
- Obtain Federal Tax ID # (EIN)
- Prepare Federal Tax ID # (EIN)
- Reinstatement
- Conversion
- Dissolution
- Name Check
- Name Reservation
- Prepare S Corporation Election
“Let me say that I was super impressed with your service. As you know I am opening a 160 seat restaurant which is consuming all of my time right now. I appreciate the quality and speed at which you worked. I loved your service. I am sure our paths will cross again when I open La Casanova 2, 3 and 4.”
- Barbara Castronovo, La Casa Novas Restaurant, LLC, Florida
“I am very happy to say that I had a great experience using MaxFilings. I was especially pleased by the prompt service and the e-mails that would give me updated progress reports. I would definitely use them again.”
- Sharon Freitas, Emmalon Inc., New York
Limited Liability Company
As its name implies, an LLC provides the same limited liability for its members as does a corporation. Members enjoy limited liability for the debts, obligations and liabilities incurred by the business as well as liability stemming from possible legal action. Normally, members cannot lose more than the amount they invested in the LLC. If the LLC goes bankrupt, the members will not be liable for its debts. Should someone sue the LLC and it is found liable, they can take the LLC’s property to satisfy the judgment but if that property does not satisfy the judgment, they will not be able to take a member’s personal assets, i.e. home, car, a bank account. Protection of members’ personal assets is a major advantage of an LLC. An exception to a member’s limited liability happens when the corporation has recklessly harmed people or has been used to perpetuate a fraud. An LLC can choose to be taxed as a corporation or choose the pass through tax structure of proprietorships, partnerships and S Corporations. And the distribution of profits and losses can differ from members’ share of ownership. While an LLC and an S Corporation are essentially alike, an LLC is much more flexible and is easier and less complicated to operate than a corporation.
Read more about a Limited Liability Company here >>
Other related information on Limited Liability Business Entities:
Form Your Limited Liability Partnership | Form Your Limited Partnership
How do I Compare various Business Entities?
What are the various Business Entities?
Please visit the MaxFilings Knowledge Center often; we are adding information daily.
MaxFilings is an online incorporation service that lets you incorporate or form an LLC in just 10 minutes, or start organizing your information until you are ready. There is no charge to store incorporation information in the secure MaxFilings system, and there is never any obligation to order.