How do I create an LLC?

Question

Can anyone tell me how to create an LLC?

Anthony Dooley · Answer

The question is; Do you need an LLC? What  does an LLC accomplish? Are you doing something based on what you have heard, or based on what you know? Don't do things that you don't need to do based on what others have said. Do it because you understand why.

David Hedges · Answer

it's really state specific, each state has their own process and rules around creating a LLC. It could be as easy as an online form, or it could require a lot of forms and bureaucracy.

The other side of it is, that depending on your state a LLC may not be the best entity for what you are trying to do. There are advantages in tax and in controlling your liability depending on the type of entity you create. If you are new, it may not even make sense to create an entity yet.

I'd agree with what the others are saying, talk with an attorney about this, you should also discuss this with a CPA to be sure you are getting into the right entity for a better tax position.

Account Closed · Answer

@Bianca Tran You can literally do it online lol but i got my lawyer and accountant involved which is what i would recommend.

Austin Hughes · Answer

@Bianca Tran I’m currently going through the process. The short answer is it depends how complex the structure will be and who the owners are. If the LLC is for just yourself, it’s simple enough to do it though a service like Legalzoom. You also want to understand the implications of what state you create the entity in. A lawyer with real estate experience can be helpful here.

If the LLC is with business partners, it probably makes sense to have a lawyer create the entity and operating agreement. There are a lot more complications when you bring a business partner into an LLC. You’ll want to make sure controls, voting rights, transition rules, etc are buttoned up in this case.

Austin Hughes · Answer

@Bianca Tran I’m currently going through the process. The short answer is it depends how complex the structure will be and who the owners are. If the LLC is for just yourself, it’s simple enough to do it though a service like Legalzoom. You also want to understand the implications of what state you create the entity in. A lawyer with real estate experience can be helpful here.

If the LLC is with business partners, it probably makes sense to have a lawyer create the entity and operating agreement. There are a lot more complications when you bring a business partner into an LLC. You’ll want to make sure controls, voting rights, transition rules, etc are buttoned up in this case.

Austin Hughes · Answer

@Bianca Tran I’m currently going through the process. The short answer is it depends how complex the structure will be and who the owners are. If the LLC is for just yourself, it’s simple enough to do it though a service like Legalzoom. You also want to understand the implications of what state you create the entity in. A lawyer with real estate experience can be helpful here.

If the LLC is with business partners, it probably makes sense to have a lawyer create the entity and operating agreement. There are a lot more complications when you bring a business partner into an LLC. You’ll want to make sure controls, voting rights, transition rules, etc are buttoned up in this case.

Heather Lutz · Answer

I would definitely recommend getting a lawyer to set up your LLC. Garrett Sutton of Corporate Direct is a lawyer I would recommend to help you out in that area.

James Bigley · Answer

I would recommend to hire a lawyer.  They will ask you questions to make sure they setup your LLC in the correct manner.  In addition make sure consult with a CPA after the initial setup to take advantage of all tax benefits etc.

Bjorn Ahlblad · Answer

@Bianca Tran welcome to BP. You can do it yourself using  Legalzoom or have a lawyer do it for you. If you are in a hurry-say you need it in two weeks-use a lawyer. All the best!

How do I create an LLC?

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