In today's presentation we are going to take a look on how to form an LLC with legalzoom.com. So let's get started.

1. How To Form
An LLC With
LegalZoom.com
by FitSmallBusiness.com

2. Creating your LLC with
is a simple process that can
save you hundreds of dollars
vs. using an attorney and
a few headaches
vs. doing it yourself.

3. There are
3
basic to starting an LLC
steps
on LegalZoom.

4. First, an online account
You must create
and complete a questionnaire.
You are not required to make
payment or enter your credit card
details in order to complete the
questionnaire.

5. Questions
you will need to be ready to answer:
• Would you like LegalZoom to
apply to the IRS for a federal
tax identification number?

6. Questions
you will need to be ready to answer:
• Would you like LegalZoom to
apply to the IRS for a federal
tax identification number?
Note that you can do this
yourself without cost by
visiting this page.

7. Questions
you will need to be ready to answer:
• What state would you like to file in?

8. Questions
you will need to be ready to answer:
• What state would you like to file in?
You will need to have a registered agent
with a physical address in that other
state where any company
documentation can be sent.

9. Questions
you will need to be ready to answer:
• What state would you like to file in?
You will need to have a registered agent
with a physical address in that other
state where any company
documentation can be sent.
Here is an article to help you decide in
what state to file your LLC.

10. Questions
you will need to be ready to answer:
• What is the legal name of your LLC? Will the LLC
operate under a different name than your service or
business?

11. Questions
you will need to be ready to answer:
• What is the legal name of your LLC? Will the LLC
operate under a different name than your service or
business?
It’s a good idea to have a few predetermined back-up names in case
LegalZoom finds your name choice
has already been taken.

12. Questions
you will need to be ready to answer:
• What is the legal name of your LLC? Will the LLC
operate under a different name than your service or
business?
It’s a good idea to have a few predetermined back-up names in case
LegalZoom finds your name choice
has already been taken.
See our article on choosing
a business name here.

13. Questions
you will need to be ready to answer:
• What is your LLC’s business address?

14. Questions
you will need to be ready to answer:
• What is your LLC’s business address?
Keep in mind that, depending on your
business, there may be zoning
restrictions for operating your business
out of your home address. Check with
your local zoning office if you are
unsure.

15. Questions
you will need to be ready to answer:
• Who will manage the company?

16. Questions
you will need to be ready to answer:
• Who will manage the company?
Will one partner run the company or will
you hire a manager? Be ready to list the
members of your LLC, their capital
contribution and their percentage
ownership of the company.

17. Questions
you will need to be ready to answer:
• How will the LLC be taxed?

18. Questions
you will need to be ready to answer:
• How will the LLC be taxed?
You can create a pass-through entity
such as a partnership or sole
proprietor or a corporation. Here is a
helpful article.

19. Questions
you will need to be ready to answer:

20. Questions
you will need to be ready to answer:
• How and when will profits be distributed?

21. Questions
you will need to be ready to answer:
• How and when will profits be distributed?
• Under what terms can members
leave the LLC?

22. Questions
you will need to be ready to answer:
• How and when will profits be distributed?
• Under what terms can members
leave the LLC?
• Who contributes what if the
LLC needs more capital?

23. The
next step
is to select a
service option.

24. The
next step
is to select a
service option.
You can choose
from three
different LLC
formation
packages.

25. The
economy
Package

26. The
economy
Package
Starts at $99 and includes:
preliminary clearance of your LLC
name, the filing of your LLC’s
Articles of Organization and an
individualized operating
agreement.

27. The
Standard
Package

28. The
Standard
Package
Starts at $289 and includes
the economy package service
plus a kit printed with your
company‘s name, a company
seal and 20 membership
certificates.

29. The
Express gold
Package

30. The
Express gold
Package
Starts at $359 and includes everything
in the standard package plus
expedited seven to 10 business day
service, Federal Tax ID (EIN)
application, a 30-day trial to
LegalZoom’s business attorney plan,
dozens of business forms and a threemonth subscription to QuickBooks
online accounting software.

31. Applying for your
EIN number
is relatively simple
It can be done for free here, so this
really comes down to whether or
not you need your LLC formation
expedited.

32. Keep in Mind
That in addition to the
LegalZoom package fee, you
must also pay your state’s
filing fees.

33. Keep in Mind
That in addition to the
LegalZoom package fee, you
must also pay your state’s
filing fees.
The majority of which are in the $50-$200
range. NY is $200. FL is $138.75. CA is
$85. TX is $300. Expedited fees are
additional in most states.

34. The Big
Advantage
of LegalZoom
Is that you can save
substantial money on legal
fees.

35. The Big
Advantage
of LegalZoom
Is that you can save
substantial money on legal
fees.
Some attorneys can
charge up to $2,000 for a
basic LLC setup.

36. The Big
DisAdvantage
of LegalZoom

37. If you have partners in your business
then one of the most important things you
can do when setting up your LLC is putting
together a well thought out
operating and
buy sell agreement.

38. Because
there are many
variables with these documents that are
specific for each business, having an
attorney draft them is advisable.

39. Because
there are many
variables with these documents that are
specific for each business, having an
attorney draft them is advisable.
As many people cannot afford the $1000 + fee for
this however, using LegalZoom is a good alternative.

40. And Finally...

41. To learn how to
simplify the process of
running your business
visit us at....

42. www.FitsmallBusiness.com
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