The main cons you may face when forming and maintaining an LLC include the relatively high cost and formal requirements. While it is sufficient to start operating for establishing sole proprietorships or partnerships, launching an LLC involves preparing and submitting some paperwork. You'll need to pay a mandatory fee set by the state, as well as ensure that you comply with all the statutory conditions. Besides, you should remember about the current requirements, the main of which are regular reporting and paying taxes. Finally, if you plan to found an LLC on your own, learn your state's limited liability laws. In all states, except Nevada, Delaware, and Wyoming, the owner of a single-member LLC runs the risk of being rejected by the court for personal property protection.