{"id":4200,"date":"2019-01-31T11:52:30","date_gmt":"2019-01-31T09:52:30","guid":{"rendered":"https:\/\/www.lending-express.com\/blog\/?p=4200"},"modified":"2019-08-19T15:11:41","modified_gmt":"2019-08-19T12:11:41","slug":"beginners-guide-forming-llc","status":"publish","type":"post","link":"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/","title":{"rendered":"Beginners Guide to Forming a Limited Liability Company (LLC)"},"content":{"rendered":"\n<p><span style=\"font-weight: 400;\">What\u2019s all the hype about LLC\u2019s? Why should you register your business as an LLC? Well, there\u2019s actually a lot to gain by designating your company as an LLC. Here, we provide all of the information you need to understand what the benefits of an LLC <\/span><i><span style=\"font-weight: 400;\">are <\/span><\/i><span style=\"font-weight: 400;\">and how forming an LLC can help your business succeed.<\/span><\/p>\n\n<h2><span style=\"font-weight: 400;\">What is an LLC?<\/span><\/h2>\n\n<p><i><span style=\"font-weight: 400;\">&#8216;What is an LLC company?&#8217;<\/span><\/i><span style=\"font-weight: 400;\"> is what you\u2019re likely wondering if you\u2019re reading this section. Well, in simple English, a limited liability company (LLC) is a cross between a sole-proprietorship and a corporation. We won\u2019t leave it at that though, because there\u2019s a <\/span><i><span style=\"font-weight: 400;\">lot <\/span><\/i><span style=\"font-weight: 400;\">more to it.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">First of all, there are a variety of business structures, an LLC is just one of them.<\/span><\/p>\n\n<p><b>A few examples of other business structures would be:<\/b><\/p>\n<ul>\n<li><strong>Sole proprietorship<\/strong><span style=\"font-weight: 400;\"> &#8211; an individual or a married couple runs a business alone.<\/span><\/li>\n<\/ul>\n<ul>\n<li><strong>General partnership<\/strong><span style=\"font-weight: 400;\"> &#8211; two or more individuals who agree to share the profits, losses, debt, and management of a business. Generally speaking, the partners also agree to contribute money, labor, and\/or skill to the enterprise.<\/span><\/li>\n<\/ul>\n<ul>\n<li><strong>Corporation<\/strong><span style=\"font-weight: 400;\"> &#8211; \u00a0a very large firm that is legally recognized as an individual itself. The corporation is owned by shareholders, and the liability of owners is limited by virtue of the fact that the company itself is responsible for any rights or wrongs committed in its name.<\/span><\/li>\n<\/ul>\n\n<p><span style=\"font-weight: 400;\">Beyond the general structure differences, a sole-proprietorship or a partnership must also follow a different set of rules and regulations than a corporation does. The owners of those two simpler forms of businesses only need to pay taxes as individuals; they are not taxed twice (once on profits + once on their individual returns) the way the owners of corporations are. <\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">But that doesn\u2019t necessarily mean <\/span><i><span style=\"font-weight: 400;\">lower<\/span><\/i><span style=\"font-weight: 400;\"> taxes, so be sure to consult with a legal advisor to gain a better understanding of how your taxes would look as an LLC. And while it\u2019s not necessary to hire a lawyer if you\u2019re looking at forming an LLC, it\u2019s always a good idea to have someone who knows how to form an LLC take a look over your paperwork.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">If you\u2019re concerned about the cost of hiring a lawyer or legal consultant, fear not! You can explore options for obtaining <\/span><a href=\"https:\/\/www.become.co\/business-loans\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">business loans<\/span><\/a><span style=\"font-weight: 400;\"> through a financial-technology company. <\/span><a href=\"https:\/\/www.become.co\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Become<\/span><\/a><span style=\"font-weight: 400;\"> can help you with the business funding you\u2019re looking for.<\/span><\/p>\n\n<blockquote>\n<p><strong>One important note:\u00a0<\/strong>Of course, the type of business will affect the kind of\u00a0<a href=\"https:\/\/www.become.co\/loans-by-industry\/\" target=\"_blank\" rel=\"noopener noreferrer\">industry loans<\/a>\u00a0a business needs,\u00a0as well as the specific circumstances that business finds itself in. Be sure to weigh your options carefully in order to choose the right funding solution for your business.<\/p>\n<\/blockquote>\n\n<h2><span style=\"font-weight: 400;\">Benefits of an LLC<\/span><\/h2>\n\n<p><span style=\"font-weight: 400;\">Okay, so now that you know what an LLC <\/span><i><span style=\"font-weight: 400;\">isn\u2019t<\/span><\/i><span style=\"font-weight: 400;\">, it\u2019s time to answer that looming question: what <\/span><i><span style=\"font-weight: 400;\">is <\/span><\/i><span style=\"font-weight: 400;\">an LLC business?<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">An LLC basically keeps the tax structure of sole proprietorships and general partnerships and combines that with the <\/span><i><span style=\"font-weight: 400;\">limited liability<\/span><\/i><span style=\"font-weight: 400;\"> provided to corporate owners. What that means is, if your company is sued, you as an individual would not be held responsible. Rather, the business itself is answerable to any wrongs (or rights) that are done in its name.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">But what are those big benefits of an LLC that make it worthwhile for a business owner to pursue?<\/span><\/p>\n\n<p><b>Here are the top benefits of an LLC:<\/b><\/p>\n<ul>\n<li>Less paperwork to fill out <i><span style=\"font-weight: 400;\">compared to corporations; this makes it easier to form an LLC and to maintain it as well<\/span><\/i><\/li>\n<\/ul>\n<ul>\n<li>More flexible tax options to pick from <i><span style=\"font-weight: 400;\">than sole-proprietorships, partnerships, and corporations; this can also make certain tax write-offs available<\/span><\/i><\/li>\n<\/ul>\n<ul>\n<li>Limited liability, to protect the business owner <i><span style=\"font-weight: 400;\">from legal action taken against the company; this also means that your personal assets are not at risk if the business is in debt<\/span><\/i><\/li>\n<\/ul>\n\n<p><span style=\"font-weight: 400;\">We do understand that forming an LLC is not the right decision for every business. With benefits, there are also drawbacks.<\/span><\/p>\n\n<p><b>Here are a few disadvantages of an LLC:<\/b><\/p>\n<ul>\n<li>Less clear definition of roles <i><span style=\"font-weight: 400;\">which can cause some confusion within the company, and also to potential investors; an LLC Operating Agreement can be a solution to this issue (more on that below)<\/span><\/i><\/li>\n<\/ul>\n<ul>\n<li>More risk of being dissolved<i><span style=\"font-weight: 400;\"> in the event that a partner in the LLC either deceases or leaves the company; again, an LLC Operating Agreement can help avoid this issue<\/span><\/i><\/li>\n<\/ul>\n<ul>\n<li>Self-employment taxes <i><span style=\"font-weight: 400;\">that LLC owners must pay; as mentioned above, this can sometimes mean paying higher taxes than corporations<\/span><\/i><\/li>\n<\/ul>\n\n<p><span style=\"font-weight: 400;\">So now that you\u2019ve got a better idea of the ups-and-downs, it\u2019s about time we explain how to form an LLC.<\/span><\/p>\n\n<h2><span style=\"font-weight: 400;\">How to form a limited liability company (LLC)<\/span><\/h2>\n\n<p><span style=\"font-weight: 400;\">The process will vary between states (we\u2019ll discuss that in detail below), but typically a new limited liability company will be asked to:<\/span><\/p>\n\n<ol>\n<li><strong>Pick a name for the LLC<\/strong><\/li>\n<li><b>Choose a registered agent<\/b> <i><span style=\"font-weight: 400;\">who will receive legal documents on behalf of the LLC<\/span><\/i><\/li>\n<li><b>Draw up an LLC Operating Agreement <\/b><i><span style=\"font-weight: 400;\">which serves as a blueprint for how your business will run; it defines members\u2019 roles, responsibilities, and rights within the organization; it also describes what happens if the company goes out of business, if someone leaves the company, etc. (this is not required by law, but is recommended)<\/span><\/i><\/li>\n<li><b>Fill out forms<\/b> <i><span style=\"font-weight: 400;\">which require basic information such as members names, addresses, etc.<\/span><\/i><\/li>\n<li><b>Pay a filing fee<\/b> <i><span style=\"font-weight: 400;\">usually no more than a few hundred dollars (and a yearly fee\/tax in select states, to maintain the LLC registration)<\/span><\/i><\/li>\n<li><strong>Get certified<\/strong><i><span style=\"font-weight: 400;\"> so that all other steps (opening a business bank account, obtaining a business license, etc.) can be completed, and the LLC can start operating<\/span><\/i><\/li>\n<\/ol>\n\n<p><img decoding=\"async\" class=\"aligncenter  wp-image-4270\" src=\"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/01\/LLC-blog2-31.01-300x200.jpg\" alt=\"Forming an LLC\" width=\"636\" height=\"424\" srcset=\"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/01\/LLC-blog2-31.01-300x200.jpg 300w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/01\/LLC-blog2-31.01-768x512.jpg 768w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/01\/LLC-blog2-31.01.jpg 1024w, https:\/\/www.become.co\/blog\/wp-content\/uploads\/2019\/01\/LLC-blog2-31.01-405x270.jpg 405w\" sizes=\"(max-width: 636px) 100vw, 636px\" \/><\/p>\n\n<p><span style=\"font-weight: 400;\">Not such a tough process, especially considering the potential benefits of an LLC. As noted above, it\u2019s recommended that you consult with a legal expert who can guide you through the finer details. By now though, you should have some basis to answer the question <\/span><i><span style=\"font-weight: 400;\">What is a limited liability company<\/span><\/i><span style=\"font-weight: 400;\">?<\/span><\/p>\n\n<h2><span style=\"font-weight: 400;\">Forming an LLC: State by State guide<\/span><\/h2>\n\n<p><span style=\"font-weight: 400;\">When it comes to describing how to form an LLC, there are differences in the costs and process in different states. There are a ton of resources available to do some more in-depth research on the specific state you plan on starting your LLC in.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">Here we\u2019ll provide you with a glimpse at the top-three and bottom-three <\/span><a href=\"https:\/\/www.thebalancesmb.com\/which-is-the-best-state-to-form-an-llc-4178032\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">states<\/span><\/a><span style=\"font-weight: 400;\"> for opening an LLC, and provide tax statistics to explain why they rank that way.<\/span><\/p>\n\n<p><b>Top-three states to open an LLC:<\/b><\/p>\n<ol>\n<li><b>Wyoming <\/b><span style=\"font-weight: 400;\">&#8211; 0% corporate tax; 0% individual income tax; 4% sales tax<\/span><\/li>\n<li><b>Alaska<\/b><span style=\"font-weight: 400;\"> &#8211; 9.4% corporate tax; 0% individual income tax; 0% sales tax<\/span><\/li>\n<li><b>South Dakota <\/b><span style=\"font-weight: 400;\">&#8211; 0% corporate tax; 0% individual income tax; 4.5% sales tax<\/span><\/li>\n<\/ol>\n\n<p><b>Bottom-three states to open an LLC:<\/b><\/p>\n<ol>\n<li><b>New Jersey<\/b><span style=\"font-weight: 400;\"> &#8211; 6.5%-9% corporate tax; 3.5%-10.75% individual income tax; 6.63% sales tax<\/span><\/li>\n<li><b>California<\/b><span style=\"font-weight: 400;\"> &#8211; 8.84% corporate tax; up to 13.3% individual income tax; 7.25% sales tax<\/span><\/li>\n<li><b>New York <\/b><span style=\"font-weight: 400;\">&#8211; 6.5% corporate tax; 4%-8.82% individual income tax; 4% sales tax, <\/span><i><span style=\"font-weight: 400;\">add 8.875% use tax within NYC<\/span><\/i><\/li>\n<\/ol>\n\n<p><b>Other states that have especially favorable rules and regulations for LLCs include:<\/b><\/p>\n<ul>\n<li><strong>Delaware<\/strong><span style=\"font-weight: 400;\"> &#8211; with a special business court handling commercial law for over 200 years, Delaware is home to more than 60% of Fortune 500 companies. Businesses can register their LLC in Delaware without needing to actually reside there, and in fact, there\u2019s no corporate income tax in the state for \u2018foreign\u2019 LLCs that don\u2019t do any business within Delaware.<\/span><\/li>\n<\/ul>\n<ul>\n<li><strong>Nevada<\/strong><span style=\"font-weight: 400;\"> &#8211; similarly to Wyoming, Nevada has 0% corporate tax and 0% individual income tax. Additionally, there\u2019s no franchise tax <\/span><i><span style=\"font-weight: 400;\">and<\/span><\/i><span style=\"font-weight: 400;\"> Nevada doesn\u2019t share information with the IRS (what happens in Vegas\u2026).<\/span><\/li>\n<\/ul>\n\n<h2><span style=\"font-weight: 400;\">Get your LLC started<\/span><\/h2>\n\n<p><span style=\"font-weight: 400;\">Be sure to consult with the Secretary of State\u2019s office in the state you wish to form an LLC in order to get all the information you need. And as we mentioned a couple of times already, consulting with a lawyer about forming an LLC is a good way to get yourself prepared for the exciting road ahead.<\/span><\/p>\n\n<p><span style=\"font-weight: 400;\">Take what you\u2019ve learned here and start your LLC on the right foot. Go ahead and let us know if you found this guide helpful in the comment section below!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What\u2019s all the hype about LLC\u2019s? Why should you register your business as an LLC? Well, there\u2019s actually a lot to gain by designating your company as an LLC. Here, we provide all of the information you need to understand what the benefits of an LLC are and how forming an LLC can help your [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4269,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[13,79,1,12],"tags":[],"class_list":["post-4200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aus-resources","category-business-guides","category-uncategorized","category-us-resources"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Beginners Guide to Forming a Limited Liability Company (LLC) - Business Funding Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beginners Guide to Forming a Limited Liability Company (LLC) - Business Funding Blog\" \/>\n<meta property=\"og:description\" content=\"What\u2019s all the hype about LLC\u2019s? Why should you register your business as an LLC? Well, there\u2019s actually a lot to gain by designating your company as an LLC. Here, we provide all of the information you need to understand what the benefits of an LLC are and how forming an LLC can help your [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/\" \/>\n<meta property=\"og:site_name\" content=\"Business Funding Blog\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-31T09:52:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-08-19T12:11:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2019\/01\/LLC-blog-31.01.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1254\" \/>\n\t<meta property=\"og:image:height\" content=\"836\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Become\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Become\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/\"},\"author\":{\"name\":\"Become\",\"@id\":\"https:\/\/www.become.co\/blog\/#\/schema\/person\/813104bb9784ace7d518254945f76ccf\"},\"headline\":\"Beginners Guide to Forming a Limited Liability Company (LLC)\",\"datePublished\":\"2019-01-31T09:52:30+00:00\",\"dateModified\":\"2019-08-19T12:11:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/\"},\"wordCount\":1364,\"publisher\":{\"@id\":\"https:\/\/www.become.co\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2019\/01\/LLC-blog-31.01.jpg\",\"articleSection\":{\"0\":\"AUS Resources\",\"1\":\"Business Loan Guides\",\"3\":\"US Resources\"},\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/\",\"url\":\"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/\",\"name\":\"Beginners Guide to Forming a Limited Liability Company (LLC) - Business Funding Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.become.co\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2019\/01\/LLC-blog-31.01.jpg\",\"datePublished\":\"2019-01-31T09:52:30+00:00\",\"dateModified\":\"2019-08-19T12:11:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/#primaryimage\",\"url\":\"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2019\/01\/LLC-blog-31.01.jpg\",\"contentUrl\":\"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2019\/01\/LLC-blog-31.01.jpg\",\"width\":1254,\"height\":836,\"caption\":\"How to form an LLC\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.become.co\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Beginners Guide to Forming a Limited Liability Company (LLC)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.become.co\/blog\/#website\",\"url\":\"https:\/\/www.become.co\/blog\/\",\"name\":\"Become - Powering Small Business Funding\",\"description\":\"Become - Powering Small Business Growth &amp; Funding\",\"publisher\":{\"@id\":\"https:\/\/www.become.co\/blog\/#organization\"},\"alternateName\":\"Become\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.become.co\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.become.co\/blog\/#organization\",\"name\":\"Become\",\"url\":\"https:\/\/www.become.co\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.become.co\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2024\/05\/become-logo.png\",\"contentUrl\":\"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2024\/05\/become-logo.png\",\"width\":521,\"height\":97,\"caption\":\"Become\"},\"image\":{\"@id\":\"https:\/\/www.become.co\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.become.co\/blog\/#\/schema\/person\/813104bb9784ace7d518254945f76ccf\",\"name\":\"Become\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/fe7f651e825010ea56157701c4621218ea2afee5a0650ba96e61ae728e20e667?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/fe7f651e825010ea56157701c4621218ea2afee5a0650ba96e61ae728e20e667?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/fe7f651e825010ea56157701c4621218ea2afee5a0650ba96e61ae728e20e667?s=96&d=mm&r=g\",\"caption\":\"Become\"},\"url\":\"https:\/\/www.become.co\/blog\/author\/algoseller\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Beginners Guide to Forming a Limited Liability Company (LLC) - Business Funding Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/","og_locale":"en_US","og_type":"article","og_title":"Beginners Guide to Forming a Limited Liability Company (LLC) - Business Funding Blog","og_description":"What\u2019s all the hype about LLC\u2019s? Why should you register your business as an LLC? Well, there\u2019s actually a lot to gain by designating your company as an LLC. Here, we provide all of the information you need to understand what the benefits of an LLC are and how forming an LLC can help your [&hellip;]","og_url":"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/","og_site_name":"Business Funding Blog","article_published_time":"2019-01-31T09:52:30+00:00","article_modified_time":"2019-08-19T12:11:41+00:00","og_image":[{"width":1254,"height":836,"url":"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2019\/01\/LLC-blog-31.01.jpg","type":"image\/jpeg"}],"author":"Become","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Become","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/#article","isPartOf":{"@id":"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/"},"author":{"name":"Become","@id":"https:\/\/www.become.co\/blog\/#\/schema\/person\/813104bb9784ace7d518254945f76ccf"},"headline":"Beginners Guide to Forming a Limited Liability Company (LLC)","datePublished":"2019-01-31T09:52:30+00:00","dateModified":"2019-08-19T12:11:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/"},"wordCount":1364,"publisher":{"@id":"https:\/\/www.become.co\/blog\/#organization"},"image":{"@id":"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/#primaryimage"},"thumbnailUrl":"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2019\/01\/LLC-blog-31.01.jpg","articleSection":{"0":"AUS Resources","1":"Business Loan Guides","3":"US Resources"},"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/","url":"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/","name":"Beginners Guide to Forming a Limited Liability Company (LLC) - Business Funding Blog","isPartOf":{"@id":"https:\/\/www.become.co\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/#primaryimage"},"image":{"@id":"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/#primaryimage"},"thumbnailUrl":"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2019\/01\/LLC-blog-31.01.jpg","datePublished":"2019-01-31T09:52:30+00:00","dateModified":"2019-08-19T12:11:41+00:00","breadcrumb":{"@id":"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/#primaryimage","url":"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2019\/01\/LLC-blog-31.01.jpg","contentUrl":"https:\/\/d2y0x0ts101nr7.cloudfront.net\/2019\/01\/LLC-blog-31.01.jpg","width":1254,"height":836,"caption":"How to form an LLC"},{"@type":"BreadcrumbList","@id":"https:\/\/www.become.co\/blog\/beginners-guide-forming-llc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.become.co\/blog\/"},{"@type":"ListItem","position":2,"name":"Beginners Guide to Forming a Limited Liability Company (LLC)"}]},{"@type":"WebSite","@id":"https:\/\/www.become.co\/blog\/#website","url":"https:\/\/www.become.co\/blog\/","name":"Become - Powering Small Business Funding","description":"Become - Powering Small Business Growth &amp; Funding","publisher":{"@id":"https:\/\/www.become.co\/blog\/#organization"},"alternateName":"Become","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.become.co\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.become.co\/blog\/#organization","name":"Become","url":"https:\/\/www.become.co\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.become.co\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2024\/05\/become-logo.png","contentUrl":"https:\/\/www.become.co\/blog\/wp-content\/uploads\/2024\/05\/become-logo.png","width":521,"height":97,"caption":"Become"},"image":{"@id":"https:\/\/www.become.co\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.become.co\/blog\/#\/schema\/person\/813104bb9784ace7d518254945f76ccf","name":"Become","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/fe7f651e825010ea56157701c4621218ea2afee5a0650ba96e61ae728e20e667?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/fe7f651e825010ea56157701c4621218ea2afee5a0650ba96e61ae728e20e667?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fe7f651e825010ea56157701c4621218ea2afee5a0650ba96e61ae728e20e667?s=96&d=mm&r=g","caption":"Become"},"url":"https:\/\/www.become.co\/blog\/author\/algoseller\/"}]}},"_links":{"self":[{"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/posts\/4200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/comments?post=4200"}],"version-history":[{"count":0,"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/posts\/4200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/media\/4269"}],"wp:attachment":[{"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/media?parent=4200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/categories?post=4200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.become.co\/blog\/wp-json\/wp\/v2\/tags?post=4200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}