How to Form an LLC by BetterLegal in 2022
How to Form an LLC by BetterLegal
LLC stands for Limited Liability Company, one of the best and easiest business entities to start a business in the United States. Besides High-level protection, LLC offers some additional benefits such as Easy to form and manage, inexpensive, and minimizing taxes, etc.
To form an LLC yourself is not easy at all. To start an LLC, you need to select a Name for your LLC, file an Article of Organization, create an operating agreement, apply for EIN, and some other formalities but the process of formation differs from state to state. Seldom it can be tough for you to do it yourself.
The second choice for you to form an LLC is to use a professional service. In this guide, I explain to you How to Form an LLC by BetterLegal.
BetterLegal was founded in 2017 located in Austin, Texas. It is a new company but at a young age, they serve a bunch of businesses.
BetterLegal is well known for its reasonable pricing, fast turnaround time (2 business days), world-class customer support, and Ease of use. For LLC Formation, BetterLegal charges $299 + State filing fee.
Step by Step to form an LLC by BetterLegal
To form an LLC by BetterLegal, you need to fill the form. In this guide, I will help you to fill the form.
Go to BetterLegal.com, and click on the SET UP YOUR BUSINESS. Then you need to select a business entity, BetterLegal offers two options LLC and Corporation. Now I pick LLC.
Now you have to select LLC type. BetterLegal offers two options to form your LLC.
- Single Member LLC
- Multi Member LLC
I select Single Member LLC, then you need to choose a state where you want to form an LLC. I select Delaware.
In this step, you have to answer three questions:
- File your LLC with the State of Delaware
- File your EIN with the IRS
- Compile your legal documents
Click on the START button.
Now you have to select a Name for your LLC. For example, I am selecting ABC as my LLC name.
In this step, you have to explain your business. For example, I run Garments Business.
Here you have to tell some information about the sole Manager or Member. The information includes:
- Name of Sole Manager/Member
- Email Address
- How much money has he contributed to your business?
- Address of Sole Manager/Member
- Phone number
In this step, you need to decide Registered Agent of your LLC. Most businesses use a third-party registered agent service. I select BetterLegal for Registered Agent.
In this step, you have to answer the question “Will your LLC own a highway motor vehicle with a taxable gross weight of 55,000 pounds or more?” I have selected Yes.
In this step, you have to answer the question “Will the LLC business involve gambling/wagering?” I have selected No.
Now you have to decide your need to file Form 720 (Quarterly Federal Excise Tax Return).
In this step, you have to answer the question “Will your business sell or manufacture alcohol, tobacco, or firearms?” I have selected No.
In this step, you have to answer the question “Will you have any employees who will receive W-2 Forms in the next 12 months?” I have selected No.
In this last step, you have to enter your Card Details and place your order. BetterLegal takes three business days to form your LLC.