Because they are independent contractors, it is highly recommended that they form an LLC or S-Corporation.
LLC stands for limited liability company. That means that the company does not have full liability if the company has financial issues such as a lawsuit.
You can fill out the form for FREE and you will not be charged for the formation of the LLC. You only need to pay for state fees. businessregistration.org/free-llc They can help with other LLC related compliance for a fee, but it's up to you if you want to use them for the other services they will form the LLC even if you don't use them for the other compliance services.
Form Delaware, LLC is not a company with a CEO and employees. Instead this term is about a way for someone to form a Limited Liability Company in Delaware.
To form an LLC you will have to fill out the application to the State which is called an Articles of Organization, you will need to submit this with a filing fee and you should receive your LLC within 5 to 10 business days.
A person can find out how to form an LLC in many ways. There are guides and resources for learning about LLC's and how to start one. Some informative places are Nolo, WSJ, Legal Zoom and Corpnet.
Most business people form an LLC to protect themselves from any debts or judgments against the business so that they do not interfere personally.
Many websites have these available for download. Findlaw.com is agreat resource for all sort of legal issues.
LLC stands for Limited Liability Company & it is flexible form of enterprise that blends elements of partnership and corporate structures. An LLC is not a corporation it is a legal form of company that provides limited liability to its owners.
You can fill out the form FREE LLC and you will not be charged for the formation of the LLC. You only need to pay for state fees. Their team will do it for you businessregistration.org/free-llc They can help with other LLC related compliance for a fee, but it's up to you if you want to use them for the other services they will form the LLC even if you don't use them for the other compliance services.
Someone that is looking to form an LLC in Virginia can do so by following the instructions on the website Nolo. On this website one will find details on choosing a name for the LLC, annual registration fees and much more.
You can download a LLC form online but it depends on the state you live in. One website that lists forms for all states is http://www.businessnation.com/legalforms/llcformation.htm.