Form a Limited Liability Company (LLC)

A limited liability company is defined as a corporate entity whereby the owners (called members) are afforded “limited liability” in most circumstances involving the company. The LLC is registered at the state level, and if the LLC is properly managed, only the LLC itself (and not the owners) are liable for the debts, liabilities, and obligations of the LLC.

A LLC becomes a living entity through the actions of the owners, and business is conducted through the entity. LLC’s provide liability protection, flexibility, tax advantages and survivability for its owners, among other benefits. Anyone operating a business as a sole proprietorship or partnership, without state registration, would benefit by forming a LLC.

Because LLC’s conduct business, it’s very clear what assets are owned and managed by a LLC, which greatly simplifies an owner’s ability to sell the business at a later date.

Form a Limited Liability Company (LLC)

Only a law firm, with certified paralegals and licensed attorneys working on your matter, can provide you the features and security you need for a properly formed and managed LLC. Our exclusive benefits include:

What’s Included:

• The Couture Operating Agreement: The best Operating Agreement available (short of hiring an attorney to draft a custom Operating Agreement for your LLC)
• We’re a law firm. We are not anonymous, we maintain malpractice insurance, and we train our employees to maintain the confidentiality and anonymity of our clients.
• Availability of licensed business attorneys to answer your questions (for an additional fee)
• Attorney-client privilege and confidentiality
• Review by a licensed attorney
• Name availability verification (if available)
• (You can) obtain a bank account anywhere in the US

LLC’s provide a formal business structure that permits specific ownership levels and responsibilities among the owners, as well as the owners to take advantage of the many important benefits that LLC’s offer (see below).

Limited Liability Protection

• A Limited Liability Company can protect the members or owners from personal liabilities resulting from business activities. If the business harms someone or violates some ordinance or statute, it is the LLC and not the owners, who bear responsibility.

Credibility

• As your business grows, doing business as a LLC adds a level of prestige to your business and gives your customers, vendors and partners the confidence that you know how to run and manage a business.

Low Operating Costs

• Of all the corporate entities, a LLC is perhaps the least costly to manage and maintain. Making fundamental changes to the management structure simply require a change to the Operating Agreement, versus any formal documentation submitted to the state. Most states do not require franchise fees, and most states do not require regular corporate reports, for LLC’s.

Operating Requirements

• Once the LLC is formed, all you need is an operating agreement. The operating agreement dictates how the company is run, managed and how ownership is dealt with between the owners. It can be thought of as a “partnership agreement” between the members or owners.

Profit Allocation

• LLC’s provide a great deal of flexibility in how they are taxed (i.e. they can be taxed as an S-Corporation or C-Corporation for multi-members), and therefore you can dictate different profit distributions, depending on the circumstances and what you want to accomplish.

Flexibility in Ownership

• LLC’s permit you to bring on partners at different, clearly defined levels. This means you can have “silent partners,” “minority owners,” “investors” and more, and clearly, indicate roles and responsibilities. It is relatively easy to admit or remove members, depending on the circumstances and the needs of your business.
• LLC’s enable you to separate important assets or business functions, giving you the ability to vary or alter ownership among these assets or functions. You can also sell off or merge such assets or functions much more easily than if all your assets or business functions were in one large whole.

Flexible Management

• LLC’s can be “Member Managed” or “Manager Managed.” Member managed simply means the members all have certain rights and powers, and vote among themselves for important decisions (which can either be unanimous or by majority). Manager managed means the members vote to install a manager, who can either be an outside individual, company or another member, that runs the LLC on a day-to-day basis, making day-to-day decisions to run the LLC. Important decisions are still left to the members to vote among themselves (again, either by unanimous or majority vote).

Survivability

• A LLC will survive you, should you become deceased or incapacitated. A business entity, such as a LLC, is the ONLY way to cost-effectively ensure your business survives to the benefit of your family or estate.

Tax Status

• A LLC provides tax advantages over a sole proprietorship or partnership, in that the IRS permits more deductions. For example, medical insurance expenses. Consult your tax advisor for more information about the tax advantages associated with a LLC.
• Sole-member LLC’s are considered “disregarded entities” by the IRS, which means the profit, losses, and expenses flow through your individual Schedule C on the 1040. Multi-member LLC’s can be considered S-Corporations (the default), C-Corporations or partnerships, depending on what you tell the IRS.

The Law 4 Small Business LLC Formation service/ filing fees start at $199 + state fees and added options.

Some of our additional services & options include:

• Additional Options:
  • Registered Agent Services – (+$129)
  • Certificate of Incumbency by L4SB – (+$199)
  • Digital Certificate – (+$29)
  • Independent Contractor Agreement – (+$79)
  • Certificate of Incumbency by Company – (+$39)
  • Mutual NDA Template – (+$49)
  • Draft Corporate Resolutions – (+$29)
  • Paper Delivery vis USPS – (+$25)
  • Rush Service – (+$150)

• Professional Assistance:
  • One (1) Tax Attorney Consult – (+$150)
  • One (1) Business Attorney Consult – (+$140)
  • Corporate Paperwork Package – (+$34/monthly)