Start An LLC

Whether you're a seasoned entrepreneur or venturing into business ownership for the first time, our experts will navigate you through the entire LLC formation process.

5-Stars Rating
5/5
"Very patient and will walk you step by step to ensure you are well taken care of. I highly recommend THE ARK NPS."
Kim Wexler
Entrepreneur
LLC vs Corporation by THE ARK NPS
image-U5BB8Q2.jpg
Form a Corporation With THE ARK NPS

Advantages Of Forming LLC

Tax Advantage

LLCs allow for pass-through taxation, and that advantage is one of the biggest reasons for the recent popularity of the LLCs. Pass-through taxation means that earnings of an LLC are taxed only once, basically being treated like the earnings from a partnership, a sole proprietorship or an S-Corporation. While neither partnerships nor sole proprietorships also offer limited liability protection, an S-Corporation comes the closest to an LLC.

Ease Of Transfer

With an LLC it is easy to sell the ownership interests to third parties without disrupting the continued operation of the business. As a comparison, selling interests in a sole proprietorship or general partnership requires much more time and effort. An owner must individually transfer assets, business licenses, bank accounts, permits and other legal documentation. Ownership transfers in S-Corporations are also burdened with many restrictions.

Personal Liability Protection

An LLC is an entity separate from its owners. Being a legally distinct entity, the personal assets of each owner (such as a home, a car or a personal bank account) are not reachable by business creditors. An LLC member’s liability is generally limited to the amount of money that person has invested in the LLC. Thus, LLC members are offered the same limited liability protection as the shareholders in a corporation.

Easier To Raise Capital

LLCs allow for many ways to raise capital. An LLC can admit new members by selling membership interests or even create a new class of members with different voting or profit-sharing characteristics.

Greater Credibility

As a registered LLC, a business will enjoy legitimacy and greater credibility when dealing with other companies, banks and potential partners or investors than would, for example, a sole proprietor. An LLC is recognized as a legitimate company and not as an individual engaging in business.

No Ownership Restrictions

LLCs have no restriction on the number or types of owners. By comparison, S-Corporations cannot have more than 100 stockholders, and each must be a resident or a citizen of the United States. None of these restrictions apply to an LLC.

Get Started with us today

Connect with our team of experts who are ready to provide you with personalized solutions tailored to your specific needs. 

How to Form an LLC – THE ARK NPS
How to Form an LLC – THE ARK NPS
How to Form an LLC – THE ARK NPS
How to Form an LLC – THE ARK NPS

How To Form An LLC

A Limited Liability Company, or an LLC, is a relatively new business structure, that first appeared in Wyoming in 1977, and is now recognized by every State’s statute and the IRS. An LLC is neither a partnership nor a corporation, but a distinct type of business structure that offers an alternative to those two traditional entities by combining the corporate advantages of limited liability with the advantages of pass-through taxation usually associated with partnerships.

Limited Liability Companies are becoming more and more popular, and it is easy to see why. In addition to combining the best features of partnerships and corporations, LLCs avoid the main disadvantages of both of those business structures. Limited liability companies are much more flexible and require less ongoing paperwork than corporations to maintain them, while avoiding the dangers of personal liability that come with the partnership. Some examples of famous LLCs may surprise you – both Amazon and Chrysler are organized as limited liability companies.

Ownership of an LLC​ – THE ARK NPS
Ownership of an LLC​ – THE ARK NPS
Ownership of an LLC​ – THE ARK NPS
Ownership of an LLC​ – THE ARK NPS

Ownership of an LLC

Owners of an LLC are called “members”. Since most states do not restrict ownership, members may be individuals, corporations, and other LLCs – domestic or foreign. LLCs can generally have an unlimited number of members. Most states also permit, so-called, “single member” LLCs, those having only one owner.

Members in an LLC are analogous to partners in a partnership or shareholders in a corporation, depending on how the LLC is managed. A member will more closely resemble a shareholder if an LLC chooses to be managed by a manager or several managers, because then those members who are not managers will not participate in day-to-day management of the company. If an LLC does not choose to utilize managers, then the members will closely resemble partners because they will have a direct say in the decision-making of the company.

We are ready to talk with you and begin the process for you today!

We will prepare and file your LLC application in a professional manner, all you need to do is schedule a meeting with us now.

Please feel free to contact our representatives to guide you via contact us or telephone at +1 (757) 977-8911.

Our company offers professional business filing services that ensure your company documents and applications are accurately filed and in compliance.

Dr. Lilly Mbinglo, CPA

Let's Talk Now & Understand Your Vision

At our firm, we prioritize getting to know our clients and their unique visions to provide tailored start-up solutions. Let’s have a conversation and start building a roadmap toward the beginning of your start-up.

Let's Talk

Get In Touch

Connect with our team of experts who are ready to provide you with personalized solutions tailored to your specific needs. 

Testimonials

Our Happy Clients Say It Best

Lilly is outstanding to work with, extremely professional, and really cares about her clients. She guides her clients and explains everything so clearly and wants to make sure everyone is happy and successful. Her positive energy radiates to everyone she meets. You will be SO happy you met Lilly and I urge you to work with her!

Emily Alwood Enterpreneur

Professionalism, Quality, Responsiveness, Value It was amazing that it took The Ark team less than one week to get my EIN # admisdt the Pandemic. I don't know how they did it. But it was done. Thank you for helping me start my first business. The advice you volunteered for was great. Go The Ark Team!

Kim Vic Accounting

Lilly was wonderful!! She was knowledgeable and very easy to communicate with. My taxes were done a few days after she received all of my paperwork and I received a larger refund than I have in the past doing my own taxes. I will definitely be using her in the future!

Kierstyn Allshouse Developer

Lilly is such a sweet TRUSTWORTHY & OUTSTANDING individual! She was very patient with me when it came to gathering everything I needed for my taxes. She also gave me information on them so I could better understand what I was getting back and why. What I love the most about her is how fast she was with filing them, it took her no time at all. I would HIGHLY RECOMMEND her !! You will not be disappointed❤️

Ty'Shayleqia Wyatt Accounting

Subscribe to our newsletter

Gain access to expert tax tips, discounted courses and events, and essential guidelines from us.

SUMMER BUSINESS SERIES

REGISTER

Join us for the Summer Business Series and gain valuable insights into hiring, tax strategies, startup essentials, and more to elevate your business success.