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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

Limited Liability Corporation

While sometimes referred to as Limited Liability Corporations, Limited Liability Companies are not corporations even though they do provide the same limited liability protection

For those who want the same limited liability as a corporation but without the formal structure and more cumbersome ongoing requirements, an LLC’s flexibility and simplicity offer a distinct advantage over a corporation. An S Corporation does, however, offer the advantage of allowing owners to minimize self employment taxes.

Highlights

  • Official documents, typically called a Certificate of Formation or Articles of Organization, must be filed with the appropriate state in order to form a C Corporation
  • State filing fees must be paid
  • Most states permit LLC’s to also file an operating agreement, allowing for great flexibility, setting forth the relationships between its members and its internal operation
  • An LLC can be managed by its members or by managers
  • An LLC is considered by the law to be an individual entity
  • Legally, an LLC is a separate entity from its members and managers
  • An LLC can generally conduct any lawful business
  • Most states permit 1 member LLC’s while none limits the number of members
  • Corporations, partnerships and trusts can be members of an LLC

Read more about a Limited Liability Corporation 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.

 


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MaxFilings.com Business Incorporation is a service company and does not provide legal or financial advice.
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DISCLAIMER: The information provided in this site is for general information purposes only and not legal advice.
MaxFilings is not a law firm, does not offer legal advice and is not a substitute for a law firm or an attorney.
Your use of this site is at your own risk and is subject to the terms and conditions in our  full disclaimer.

MaxFilingsMaxFilings 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.

MaxFilings incorporation fees are very affordable, and an extensive library for researching your choices is available at www.maxfilings.com/incorporation-knowledge-center.

Newly incorporated businesses also have access to online promotional services such as business cards, PR, web sites, and SEO services through partner company SEO Advantage (www.seoadvantage.com) .

Phone: 1-800-704-6563     Email: info@maxfilings.com    Website: www.maxfilings.com

© 2009 MaxFilings.com All Rights Reserved. DISCLAIMER: MaxFilings, Inc. is a service company and does not provide legal or financial advice. The information provided on this site is for general information purposes only and not legal advice. MaxFilings is not a law firm, does not offer legal advice and is not a substitute for a law firm or an attorney. Your use of this site is at your own risk and is subject to the terms and conditions in ourÊfull disclaimer found at: www.maxfilings.com/disclaimer.html