Why form an LLC? Why
use this kit?
Attorneys typically charge between $500 and $1,000 to
form a Limited Liability Company. When a business is new,
money is tight; couldn't you find a better way to invest
that money? LLCs hybrid a corporation and partnership; the
owners of an LLC receive the limited liability of
incorporating without all the paperwork and government
regulations. An LLC must have two or more owners. This Kit
includes all the documents you need to form an LLC in your
state, along with full instructions. It discusses what an
LLC is and the advantages of forming an LLC in your state.
(You will need to pay state fees when you submit the
documents; fees vary from state to state, averaging $100
So what are the advantages of an LLC?
Limited Liability - The liability of
the owners is limited to the extent of their investment in
the LLC (with the exception of unpaid taxes.) Creditors
cannot attach property of the owners. The LLC can enter
into contracts, sue and be sued without involvement of the
Member Contributions - Capital can
vary but it can consist of cash, property, services, or
the obligation to contribute additional cash.
Tax Options - Properly structured, an
LLC is taxed as a partnership rather than a corporation
for federal income tax purposes. Since LLC's can be taxed
as partnerships it can avoid double taxation.
Governmental Regulation - An LLC is subject to
fewer governmental regulations and a lot less paperwork
and filing fees than the typical corporations.
Complete Kit: Forms & instructions with optional
3.5 inch software disk