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Forming an LLC

guide

Walks through forming an LLC — a structure that separates personal liability from business liability like a corporation, but with simpler formalities and pass-through taxation by default. Filing name, requirements, and fees vary by state/province.

Good fit for

  • +Separating personal liability from business liability without a corporation's formalities
  • +Small-to-medium businesses wanting simpler ongoing paperwork than a corporation
  • +Businesses with one or more owners not currently planning to raise venture investment or issue public shares

Not ideal for

  • −Businesses planning to raise significant outside investment or eventually go public — investors often prefer a corporation's share structure
  • −Very small, low-risk side projects where the added paperwork isn't worth it yet (compare with sole proprietorship)

This guide includes

This document was generated from a template and is provided for informational purposes only. It is not legal advice. Consult a licensed attorney in your jurisdiction before relying on it.