Start an LLC with Corporate Creations

It depends on the state, but it can reach over $1,000 in some cases. That’s why a lot of entrepreneurs opt for a third-party formation service to help manage costs with a fixed fee that encompasses filing fees, registered agent costs, publication fees etc. Corporate Creations offers cost-effective LLC formation service – we'll handle all paperwork and requirements for you so you don’t need to worry.

Forming an LLC is usually quick, especially if you file online. Most states process online applications within 1–5 business days. Filing by mail can take 2–6 weeks. Many states offer expedited processing for an additional fee, sometimes approving LLCs the same day. Fast-processing states include Delaware, Wyoming, Nevada, and Florida. The total timeline also depends on how quickly you prepare your documents and obtain any required licenses or an EIN from the IRS. In most cases, you can expect your LLC to be up and running within 1–2 weeks.

After formation, LLCs must meet ongoing compliance requirements to remain in good standing. These typically include filing annual or biennial reports, maintaining a registered agent, and keeping up with state-specific fees. You may also need to file for business licenses, renewals, and handle tax filings. Corporate Creations offers comprehensive support for these activities, including annual report filings and DBA registrations, so you can focus on growing your business.

A single‑member LLC has one owner (member). It’s simple to run and, by default, its profits and losses “pass through” to the owner’s personal tax return (you can elect a different tax treatment later if it suits your situation). You still get limited‑liability protection.

A multi‑member LLC has two or more owners. By default, it’s taxed like a partnership with profits and losses allocated among members. Because more people are involved, it’s wise to spell out roles, voting/decision‑making, and distributions in your operating agreement, and decide whether you’ll be member‑managed (owners run day‑to‑day) or manager‑managed (you appoint one or more managers).

Moving from sole proprietorship to an LLC can unlock many practical advantages:

• Personal asset protection: An LLC creates legal separation between you and the business, helping shield personal assets from business debts and claims.
• Tax flexibility: LLCs default to pass‑through taxation, and you can elect other tax treatments if they’re more beneficial for your situation.
• Professional credibility: Operating as an LLC often looks more established to customers, suppliers, and lenders.
• Operational simplicity: Compared with corporations, LLCs have fewer formalities and let you tailor management to how you actually work day‑to‑day.

LLCs offer management flexibility and pass-through taxation by default. Corporations have more formalities, enable share-based ownership and easier transferability, and may be preferable if you plan to raise venture capital or go public.