You should consult an attorney or accountant to determine the best legal entity for you, if you are unsure. Lawyers usually charge a large legal fee just to prepare and file the formation documents on your behalf. Our office can prepare and file all the necessary documents with the Secretary of State on your behalf with no legal or professional fees. We have attorneys on staff to make sure your documents are filed correctly with the State. An L.L.C. is owned, managed and operated by its members.
Members receive certificates of ownership which is similar to shares of stock in a corporation.
Members in the L.L.C. are similar to stockholders in a corporation. The members direct the management of the corporation unless a manager or group of managers are named. An L.L.C. has the benefit of pass through taxation similar to a partnership. Income and earnings of the L.L.C. are passed through to each of the members according to their respective percentages. The members of the L.L.C. have limited personal liability.