An operating agreement is legal  document, that sets out the rules by which a Limited Liability Company (LLC) is to be operated. An operating agreement defines each members rights, powers and entitlements. This includes capital accounts, membership interest, distributions of profit and allocated tax responsibility. In most states it is legally required for every LLC to have an Operating Agreement. Failure to have an Operating Agreement could result in piercing of the corporate veil. It is highly reccomended that a legal professional either drafts or reviews this agreement.

The Federal Employer Tax Identification Number (EIN) is considered the social security number for your LLC. Any multi-member LLC or any LLC with employees is required to obtain one. You will use this EIN number to pay taxes, open bank accounts, obtain business credit cards, etc. To obtain an  EIN an application is submitted directly to the IRS. We can draft and file the application for you or you can hire an accountant or file it yourself. It is highly recommended that someone with experience prepares the application

 With an LLC you can chose the tax classfication that will most benefit your company. By default an LLC with only one owner will be taxed as a sole proprietorship and a LLC with two or more members is taxed as a partnership. A very popular method of taxation for small business owners with an LLC is to be taxed as an S-Corporation.  By properly applying with the IRS you can elect to have you LLC taxed as a S-Corporation. Under this tax classification and under the guidance of a tax professional you can take advantage of additional deductions and possibly reduce self employment taxes saving you money. 

An LLC corporate kit contains very important company information. The kit comes in a leather bound binder with your company name engraved. The kit contains important legal documents, company minutes,  company seal and membership certificates. These documents are used to track company resolutions and designate ownership interest. Many states require you maintain a corporate kit at your physical office location. For this reason the corporate kit is highly recommended.

Many states require additional formalities aside from the initial and annual filing. This service will draft any additional documentation pursuant to your request or required by your state. Failure to comply with all of your state formalities can cause your LLC to go into default meaning you will not be able to legally transact business. This service also monitors your LLC to protect you from an authorized person will using your LLC for fraudulent purposes.  It also provides you complete access to our members section saving you time and money.

Many states can take as long as 6-12 weeks to process your LLC documentation. With this service we will rush your LLC and pay the additional required state fees to expedite.  This service typically is 75 percent faster than submitting your LLC normally.