Limited Liability Companies
Limited Liability Companies
One of the most common forms of business entities for small businesses are Limited Liability Companies (LLC). These companies provide the liability protection of a corporation while allowing the tax liability flow through to the individual owners. In other words, the company pays no income tax and the losses or gains pass through to the owners. With a C Corporation the corporation is taxed on any profit and the owners are also taxed on the distributions to them.
Have You Kept Up Your LLC?
The most common mistake we see is where the business entity is filed with the Secretary of State's office and an EIN is obtained but the remaining steps of creating and maintaining the business are neglected. In order to have a valid business entity you must complete all of the initial business entity documents, apply to the IRS for LLC of SubChapter S status (unless you are creating a C-Corporation) and continually maintain your Business Entity book. If you do not properly create and maintain your business entity you can lose the protection of that business entity and creditors can go after your personal assets.
Legal Costs: Flat Fee Options
LLC Creation
If you are interested in creating a Limited Liability Company, Nash Law Firm can form it for you for a FLAT FEE of $615.00, plus the Secretary of State filing fees. If you want an "expedited" filing, an extra charge of $75.00 will be charged. In some cases we will not be able to charge the standard flat rate fee due to the complexity of your specific LLC. If that is the case we will notify you of the new billing rate before we commence working on your LLC.
In order for use to start, we need you to fill out the LLC/SubChapter S Business Creation Form, download the LLC Flat Fee Retainer and return the retainer with your retainer payment.
Once we receive your completed Business Creation Form and a LLC Retainer Agreement with the retainer payment, we will begin working on your new LLC.
Basic Package ($250/year)
Professional Package ($350/year)
Executive Package ($600/year)