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I Just Submitted My LLC Application!
Posted by JasperP on June 9th, 2008
I just finished applying for my LLC at LegalZoom! It cost me a total of $656.00 but, I think I’m saving so much more by going through them. Supposedly, I’m saving $2000+ by using their services as opposed to working with an attorney or law firm to file my application.
I filed my business as an “Single-Member LLC taxed as an S-Corporation”. After doing some research, it seems that some other affiliates were doing the same thing, so I figured I should do the same. There are some tax benefits such as not having to pay the 15.3% self-employment tax. I’m still not quite sure what all the benefits are, but I figured I can learn about it later.
Legalzoom made is really easy to file the LLC application. They had a multiple-page questionnaire that made it easy to understand. All I did was answer the questions, submit my payment information and off it went! I’d say it took me about an hour to do the application.
So What’s Next?
Well, I’m going to start applying for some business credit cards, apply for a business bank account and start changing my affiliate accounts to the new business account. I also need to get more organized as far as accounting goes. I might just look for a tax consultant to figure all that out for me.
Paul at Uberaffiliate has a nice little summary on business credit cards on his blog:
http://uberaffiliate.com/business/business-credit-cards/
I’ll probably apply for some of those in a couple of months as soon as I get my application back.
I’m an official business! Exciting!
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