A Brief Overview of How to Begin the Process of Forming an LLC

Written by Wall Street News on September 26th, 2017. Posted in How to form an llc, How to form llc, Llc advantages

Forming an llc

The National Association of Small Business’ “2015 Economic Report” indicates that 42% of of small businesses are S-corporations and 23% are limited liability companies, or LLCs. If you would like to form your LLC, then there is some basic information that you will want to learn about. Furthermore, there are also some details regarding S corporations that may be of interest.

How to Form an LLC

Will your LLC have 1 or more owner? This is important because the IRS will classify your LLC according to this criteria. If there is more than 1 owner, then your LLC will be classified as a partnership. Otherwise it will be classified as a disregarded entity.

Creating Your LLC Name

It’s important