![]() ![]() ![]() On the other hand, if you file thru our service, you only have to submit a simple questionnaire and we do the rest. Note, however, that the LLC set up expense is not deductible because IRS considers it a capital expenditure. Even though you do not need a lawyer to set up an LLC, you may want to hire one if you can afford it. So, you will still have to pay state filing fees, which is about $50 and $400 or more though the average filing fee for an LLC is about $130 plus the fee to have the operating agreement prepared, about $50 to $200. If you want to register the LLC yourself, it will cost you the state LLC filing fee and the fee that you pay to have the LLC operating agreement prepared. Like a natural person, the LLC is a state legal entity person starting its existence with a state filed LLC certificate called the articles of organization certificate, as is the birth certificate for humans, and with a federal tax ID number document as opposed to a federal social security number that a natural person is issued. ![]() Contrary to how a natural human life starts, the life of the legal person LLC starts and depends on the existence of two legal documents: namely, an LLC state certificate and a federal tax ID certificate. A legal person person is created by state law, namely, a state statute containing rules enacted by state legislature and regulations that control the life and operation of LLC legal person. WHAT IS AN LIMITED LIABILITY COMPANY - LLC?Įven though most LLC companies are set up in CA, NY, TX, PA, GA, and FL, the LLC state business entity organizational structure started in Wyoming, in 1977, as a legal person. ![]()
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