What are the determining factors for a business owner to apply for LLC status?
by SEO Strategy Development, Window Shopper
- Created: September 6, 2012, 11:40 am
I have contemplated applying for Limited Liability Company (LLC) status for some time and am not sure of what to do. For example, is having a Federal Tax ID/Sole Proprietor status just too risky in the 'sue' society we live in today? The filing fee with the state is the initial $25.oo fee plus $100.00. If my understanding is correct, there will be a annual fee of $50.00 to keep LLC status. Any suggestions or comments would be appreciated from business owners or anyone with experience concerning this matter.
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