If you’re starting a new company, you’ll need decide if you’d like to establish an entity such as a partnership, a corporation or sole proprietorship. Forming An LLC To Avoid Taxes
Each of these types of business structure offers advantages and disadvantages. In the majority of cases it is recommended to establish a limited liability corporation (LLC). These are the steps you need to take to start the process of forming a limited liability corporation (LLC) for any type of state. To learn more about how to establish an LLC for your specific state check out the 50-State Guide to Forming an LLC.
- 1 Determine Whether You Need an LLC
- 2 Determine Which State to Form Your LLC in
- 3 Can Someone File an LLC For Me?
- 4 What is Deluxe.com? An Overview
- 5 How Does Deluxe.com Work?
- 6 How Do I Get Started with Deluxe.com?
- 7 Who is Deluxe.com For?
- 8 Summary Forming An LLC To Avoid Taxes
Determine Whether You Need an LLC
If you’re considering starting a business then you’ll have to figure out whether you need an LLC. Here are a few reasons why you should form an LLC:
- If you’re looking to protect your personal assets.
- If you’re planning to seek capital.
- If you are looking to safeguard your business.
- If you’re looking to establish an entity separate from your personal assets, you can do so.
- If you’re looking to protect your intellectual property.
- If you want to minimize your personal liability.
Determine Which State to Form Your LLC in
You’ll have to decide which state you want to establish the LLC in. You can form your LLC in any state, but there are a variety of reasons to form your LLC in your home state.
- If your state has a minimum number of documents required to form an LLC.
- Your state may have a favorable tax rate.
Find a Registered Agent
You’ll need to locate an agent registered for your LLC. This is a person or company that you choose to be the contact for your LLC. They will be notified of legal documents, lawsuits and other correspondence. They may also act on your behalf in case you are unable to perform the task. It is common to find a registered agent at the Secretary of State of your state.
Register Your LLC
You’ll have to sign up your LLC in the appropriate state. If you’re registering an LLC in the state you reside in you’ll have to fill out your Articles of Organization.
Obtain a Tax ID
If you are forming an LLC in your home state it is possible to get the tax ID number of the state you reside in. This will allow the LLC to deduct its expenses.
Set Up a Bank Account
It is necessary to open an account with a bank to your LLC. You can use your accounts at your LLC’s banks to transfer money to suppliers.
Open a Business Checking Account
It is necessary to open a business checking account to fund your LLC. This account can be used to pay your LLC’s bills.
Open a Business Savings Account
You’ll need to establish an account with a savings company for your LLC. You can make use of this account to transfer the profits of your LLC.
File the Federal Tax Return
You’ll have to file your LLC’s Federal income tax returns. It’s possible to do this at the close of the fiscal year.
Set Up Subsidiaries
You’ll have to create your LLC’s subsidiaries. A subsidiary is an independent business entity. For instance, you might decide to establish an affiliate to handle marketing, sales, or customer service.
You can also set up subsidiary companies to operate in conjunction with your LLC. For instance, you might be looking to create a subsidiary to manage bookkeeping, accounting and payroll.
Register Your Subsidiaries
You’ll need to register your subsidiaries.
Can Someone File an LLC For Me?
If you’re looking to establish an LLC but you’re lost, or would just prefer someone else to do the job for you, go to Deluxe.com and they’ll handle everything for you.
What is Deluxe.com? An Overview
Deluxe has been in business for over 100 years!
Their most significant move from the beginning was to get out of selling paper forms and checks that they’ve since revamped their brand, changed their marketing strategy and are now an all-in-one small-business support center.
They’re an exciting business because they’re diverse and have many services for-profit or non-profit patrons.
Instead, they’re trying to improve the global economy by making it more efficient by providing services as well as community improvement and contests because they recognize that small-scale businesses contribute to the world economy.
Not only are they able to create an LLC on your behalf, they also offer multiple marketing services, like:
- Marketing via social media
- Social media ads
- SEO services
- Search engine ad management
- Web design services
- Logo design services
- Graphic design services
They also sell marketing items:
- Flyer printing and brochure printing.
- Checks, contracts, proposals, and various other forms are available.
- Branded Apparel
- Customer branded office supplies and other office supplies are readily available.
How Does Deluxe.com Work?
Deluxe Works is divided into multiple pegs that support small-scale businesses by providing grants along with their products and services as well as community partnerships and their voice in the media.
They help many communities with millions of dollars in grants each year.
In total, Deluxe gave $105 million to nonprofit organizations, and $2.2 millions in 2016.
They’re focus with grants are:
- Business education
- Job skills and placement
- Financial literacy
Every year, they hand out grants to organizations like the WBDC, SCORE, and other organizations whose mission is to aid small-scale enterprises in their growth. Deluxe matches employee contributions to provide more opportunities for businesses to contribute to charitable causes. They offer something for everyone from small and medium-sized business as well as large enterprises to make a difference in the lives of people around the world.
How Do I Get Started with Deluxe.com?
Deluxe has a variety of choices, and checking out with each of them may vary by a bit.
Simply follow the steps below:
Visit Their Website
First, you’d VISIT THEIR WEBSITE HERE.
Choose the Appropriate Product or Service for You
Scroll down to Incorporate or Form an LLC
Click on File Your Corp/LLC Today
After you have chosen the product or service you want to purchase, you would enter your billing information and then go to checkout.
Deluxe has a simple and easy-to-use checkout process.
Who is Deluxe.com For?
Deluxe.com is for businesses who:
- Are you interested in forming an LLC.
- You should know that they will need assistance in the areas of payroll, marketing and managing employees.
- You’re not yet ready to hire a personnel to satisfy your needs as a business or wants to work with an agency
- There are promotional items that need to be used to boost brand recognition and improve customer or employee retention, and increase sales.
- For those who wish to have an impact on the small business community.
Summary Forming An LLC To Avoid Taxes
Deluxe assists small businesses to get their businesses up and running with their funding, grants and community partnership and other services.
They’re also able to help you form the company, for instance either an LLC, or CORP, for you.
All in all, Deluxe makes the process effortless. Forming An LLC To Avoid Taxes