Forming a Limited Liability Company (LLC) or S-Corp legally establishes your startup as a bona fide business in the marketplace, building immediate credibility. Being a sole business owner or partners who file as an LLC gives you the legal protection, business banking and tax benefits of a larger corporate entity.
Reasons to Form an LLC
An LLC’s separate tax ID number allows for business checking thereby increasing income tax deductions.
An LLC can file for S-Corp tax filing status and further save on payroll taxes.
An LLC costs less to form and operate:
No board of directors’ fees or time-consuming board meetings
No separate tax return costs for single-member LLCs
No legal costs to prepare corporate minutes
An LLC protects your personal assets against certain liable acts and debts of the business.
How We Help
The Startup Store helps entrepreneurs and small business owners get their companies up and running quickly. Our team of certified specialists have experienced startups’ toughest business problems, and they simply know the best, most efficient way to get your business off the ground. To help ensure success, The Startup Store’s seasoned team of experts can also assist you with Entrepreneur & Small Business Consulting and Website Development.
There’s no reason to go it alone and have to figure out the answer to every challenge you face. Partner with The Startup Store and you’ll find that your new entity will be stronger faster.
Real People Ready to Go
Meet Veronica Parker, one of The Startup Store’s MBAs. Veronica has more than 20 years of experience in small business accounting, process improvement and setting up LLCs. Call us for a complimentary consultation about which business entity will be best for you!