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Limited Liability Company (LLC)

The most popular type of business entity.

3 reasons for creating an LLC:

  1. Protect your assets: An LLC can help keep your personal finances separate, so your personal assets stay protected from any business debt or lawsuits.
  2. Make things easier: LLCs typically come with fewer LLC maintenance rules, and there are simplified standards for record keeping.
  3. Tax flexibility: You can choose to have your business treated as a corporation or a partnership, which may save you money and reduce the tax burden.
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6 steps to starting your LLC

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Other types of businesses and their benefits

Capable of going public and issuing stock.

Best for businesses with a board of directors and shareholders.

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Help others while protecting your assets as a 501(c)(3).

Get your organization the benefit of eligibility to apply for grants.

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DBAs make up 80% of all sole proprietorships.

Reduce your liability, protect your personal information and more.

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Already have a business?

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Frequently asked questions

How does forming a business differ between states?

How does forming a corporation differ by state?

Corporation formation varies by state in filing fees, required documents (such as articles of incorporation), and ongoing compliance rules. Some states are popular for incorporation due to favorable business laws.

How does forming a nonprofit differ by state?

Nonprofit formation requires state-level registration plus federal 501(c)(3) application. State rules differ on charitable registration, board requirements, and annual reporting obligations.

How does forming a DBA differ by state?

DBA (Doing Business As) registration is handled at the county or state level depending on where you operate. Filing fees, renewal periods, and publication requirements vary widely by jurisdiction.