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LLC International Package FAQs
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WHAT IF I NEED TO MAKE A CHANGE?
We file your formation very quickly so if you spot something you need to change after purchase, please let us know as soon as possible. You can also make changes after your formation is complete by either making an amendment or using one of the two free amendments you get each year as part of our Worry-Free Compliance service.
HOW ARE LLCS TAXED?
LLCs are typically taxed on a pass-through basis, much like general partnerships. As pass-through entities, the profits and losses of LLCs are passed on to the individual owners and are reflected on the owner’s personal income tax returns. Alternatively, LLCs may elect to be taxed as S corporations to potentially reduce the self-employment taxes imposed on the owners.
It should also be noted that several states impose a franchise tax, ranging from $100 to $800, on LLCs. These taxes are typically due on an annual basis and must be paid in order to keep your business in compliance with the state. Failure to pay the imposed franchise tax can lead to the forfeiture of your right to conduct business in your state.
HOW LONG DOES THE FORMATION PROCESS TAKE WHEN STARTING AN LLC?
Though it typically only takes between 7 and 10 days to form an LLC, the length of the formation process depends on the state in which you’re starting a business. For an additional fee, expedited processing can be requested so that your application is reviewed before others.
Contact Micahguru Filings support to learn more information about how long the formation process takes in your state.
WHAT FORMAL PAPERWORK MUST BE FILED WHEN FORMING AN LLC?
The application required for incorporating as a Limited Liability Company (LLC) is called the Articles of Incorporation (also referred to as a Certificate of Incorporation). This document contains basic information about the company, its owners, and its directors. Depending on your state of incorporation, there may also be state-level fees or taxes that must be paid.
Micahguru Filings can take care of the required filings for your LLC. which allows you to focus on developing and growing your new company.
“PAYMENT PROCESS” CAN WE ACCEPT PAYMENT ONLINE AFTER LLC FORMATION?
E-commerce is an essential element for most startups, yet international regulations can make it difficult to accept payment online. Establishing a US LLC or Corporation helps foreign founders get paid.
DO ALL LLCS NEED A REGISTERED AGENT?
Check Online State Name Availability
The name you choose for your LLC is an important decision, as it will be how you represent yourself to potential associates and clients. With that in mind, it is advisable that you take some time to craft a name that you will be proud to have to represent you and your business.
Your name must be unique, and not deceptively similar, to any other trademarked name or business. It is also required that your name not be used to intentionally misrepresent the products or services you offer. For LLCs, nearly all states will also require you to add a signifier of your limited liability status, such as “LLC” or “L.L.C.” to the end of your company’s name. You may be able to operate under a name other than your formal LLC name by applying for and using a dba.
ARE THERE ANY RESTRICTIONS ON WHO CAN FORM AN LLC?
An attorney is typically not required when starting a business. A business filing service such as Micahguru Filings can help you streamline the formation process, and save you a great deal of time, effort, and money. However, if you are unsure of which business structure may be right for you, or you have questions regarding specific tax or organizational issues, it may be advisable to speak with an attorney or accountant before starting a new business.