how much is it to make an llc in pennsylvania with a lawyer

How much does it cost to start an LLC in PA?

Mar 04, 2022 · The cost to start a Pennsylvania limited liability company ( LLC) is $125. This fee is paid to the Pennsylvania Department of State when filing the LLC’s Certificate of Organization. Use our free Form an LLC in Pennsylvania guide to do it yourself. Or simply use a professional service: ZenBusiness ($39 + State Fees) LegalZoom ($149 + State Fees)

How do I form a Pennsylvania Limited Liability Company?

Bare Minimum Cost to Start an LLC in Pennsylvania. Optional: LLC Name Reservation Fee. $70 for online or paper submissions; Optional: LLC Formation Service. $39 for an LLC service like ZenBusiness and $79 for LegalZoom; Required: Certificate of Organization Fee. $125 for online or paper submissions

Does every Pennsylvania LLC need a registered office?

Mar 03, 2022 · To start an LLC in PA, you'll need to file a Certificate of Organization with the Pennsylvania Department of State, which costs $125. You can apply online or by mail. The Certificate of Organization is the legal document that officially creates your Pennsylvania limited liability company.

How long does it take to get a foreign LLC in Pennsylvania?

Pennsylvania requires you to submit a Statement of Information, also known as a Certificate of Formation in the state. The fee is $125.

Is there an annual fee for an LLC in Pennsylvania?

Annual Registration The registration is filed online or by postal mail. An annual fee of $520 times the number of members of the LLC must be paid.

How long does it take for an LLC to be approved in PA?

Mail filings: In total, mail filing approvals for Pennsylvania LLCs take 5-6 weeks. This accounts for the 4 week processing time, plus the time your documents are in the mail. Online filings: In total, online filing approvals for Pennsylvania LLCs take four (4) weeks.Aug 18, 2021

Can I be my own registered agent for my LLC in PA?

Can I Be My Own Registered Agent In Pennsylvania? Yes, any owner or employee of a business can be its registered agent in Pennsylvania as long as they are over the age of 18, and have a street address in Pennsylvania.Mar 4, 2022

Does Pennsylvania recognize single member LLC?

These are the steps to form a single-member limited liability company (SMLLC) in Pennsylvania. Remember: For most formation purposes, a Pennsylvania SMLLC is considered the same as a multi-member limited liability company (LLC).

How are LLCs taxed in Pennsylvania?

In terms of income taxes, most LLCs are pass-through entities. This means the LLC itself doesn't pay an income tax. The owners, or members, of the LLC pay Pennsylvania state income taxes on their share of the LLC's profits.

Do you need a business license in Pennsylvania?

It is a legal requirement to obtain a business license before operating a business in Pennsylvania. Licensing requirements vary by the goods or services a business provides and the structure of the company. License and permit requirements and costs may also vary depending on local municipalities.

Can I use a PO Box for my LLC in Pennsylvania?

In Pennsylvania, you cannot open an LLC with a post office box, it must be a physical street address. However, something like a UPS store or Mailbox Plus or otherwise will sell you a "box" but it will have an actual street address. You might also consider a virtual office.

Can I use a PO Box for my LLC in PA?

You cannot use a PO Box address. Unlike most states that require your LLC to list the name of a Registered Agent, Pennsylvania is unique in that it only requires you to list the address of the Registered Agent (known as the Registered Office).Dec 9, 2021

Do you have to pay for a Pennsylvania LLC every year?

No, you do not have to pay a state fee for a Pennsylvania LLC every year. However, there is a $70 decennial report fee every 10 years. Visit our Pe...

Is an LLC really necessary?

An LLC provides limited liability protection. This means an LLC protects your personal assets in the event of a business loss, such as a lawsuit or...

What is the cheapest way to get an LLC?

You can save money on getting an LLC by completing the formation process yourself, making your own operating agreement, being your own Agent for Se...

Can I pay myself a salary from my LLC?

You can pay yourself a salary from your LLC, but it would be called a draw or distribution if your LLC is taxed in the default way by the IRS. Visi...

Is an S corp better than an LLC?

An S corporation (S corp) is an IRS tax status, not a type of business entity. An LLC can be taxed in the default way or as an S corp. For some bus...

What’s better: sole proprietorship or LLC?

A sole proprietorship is only good for businesses that carry very low risk of liability because sole proprietorships don’t offer any liability prot...

What are the state business tax rates in Pennsylvania?

If your LLC is taxed like a sole proprietorship or general partnership, you’ll need to pay taxes on your business income at the state’s personal in...

How quickly does Pennsylvania process LLC formations?

The Department of State should be able to process your LLC’s formation within 7-10 business days. If you’re in a hurry, you can pay an extra expedi...

How many small businesses are there in Pennsylvania today?

The state of Pennsylvania is home to nearly 1 million small businesses. Entrepreneurs of all backgrounds and business types find that Pennsylvania...

What are the top small business resources and websites in Pennsylvania?

The Pennsylvania chapter of the Small Business Development Center is a great place to start, as they offer a wide variety of tools and resources fo...

Should I form my LLC in Pennsylvania, or choose a state like Delaware or Wyoming?

Some people like to form their LLCs in states with favorable legal settings. For instance, Delaware is often seen as the most business-friendly sta...

How much does it cost to start an LLC in Pennsylvania?

The filing fee is $125 and you can complete it online or using a hard copy. If time is short, you can also select one of three expedited processing options: same-day service for $100, three-hour service for $300, or one-hour service for $1,000.

How to form an LLC in Pennsylvania?

The first step to forming a Pennsylvania LLC is to come up with a good name for your business. You’ll want to make sure the name you want is still available and hasn’t already been claimed by another business, so you’ll need to search the state’s business database to verify its availability.

Do LLCs have to file taxes in Pennsylvania?

Income taxes are fairly straightforward for Pennsylvania LLCs — they aren’t required. By default, the federal government considers LLCs “pass-through” entities, which means that they don’t need to file separate corporate tax returns; instead, their owners and/or members report income and losses on their personal returns. At the state level, Pennsylvania doesn’t impose a “franchise” or “privilege” tax on its LLCs.

How to start an LLC in Pennsylvania?

To start an LLC in Pennsylvania you will need to file a Certificate of Organization with the Pennsylvania Department of State, which costs $125. You can apply online or by mail. The Certificate of Organization is the legal document that officially creates your Pennsylvania limited liability company.

What is LLC in business?

LLC is short for Limited Liability Company. It is a simple business structure that offers more flexibility than a traditional corporation while providing many of the same benefits. An LLC is one of several business structures, such as a sole proprietorship, partnership, and corporation (C corp and S corp).

What is workers compensation insurance?

Workers' Compensation Insurance: A type of insurance that provides coverage for employees’ job-related illnesses, injuries, or deaths. In Pennsylvania, businesses with one or more employees, excluding business owners, are required by law to have workers compensation insurance.

What is a domestic LLC?

An LLC is referred to as a "domestic LLC" when it conducts business in the state where it was formed. Normally when we refer to an LLC we are actually referring to a domestic LLC. A foreign LLC must be formed when an existing LLC wishes to expand its business to another state.

What is an 'ein'?

What is an EIN? EIN stands for Employer Identification Number. EINs are a nine-digit number assigned by the Internal Revenue Service (IRS) to help identify businesses for tax purposes. It is essentially a Social Security number for a business.

What happens when your personal and business accounts are mixed?

When your personal and business accounts are mixed, your personal assets (your home, car, and other valuables) are at risk in the event your Pennsylvania LLC is sued. In business law, this is referred to as piercing the corporate veil.

Can an LLC be disbanded in Pennsylvania?

Pennsylvania LLCs may face fines and even automatic dissolution when they miss one or more state filings. When this happens, LLC owners risk the loss of limited liability protection. A quality registered agent service can help prevent this outcome by notifying you of upcoming filing deadlines and by submitting reports on your behalf.

Starting a Pennsylvania LLC

When you make the wise choice to create an LLC, you opt for the benefits of limited liability protection coupled with the advantages of a partnership. Before you take advantage of these perks, find out what you need to know. We can help you start your Pennsylvania LLC:

Before you start

You'll have to provide some basic information so we can help you form your LLC in pennsylvania. Here's what your state needs to know:

How much does it cost to file an LLC in Pennsylvania?

The Pennsylvania Department of State charges $125 to file the Certificate of Organization. You can reserve your LLC name with the Pennsylvania Department of State for $70. Filing on your own is often the cheapest option, but completing all of the forms and filing them yourself can be complicated.

What is LLC in Pennsylvania?

Under Pennsylvania law, your LLC name must contain the words "Company," "Limited," or "Limited Liability Company, " or an abbreviation of one of these three choices. The statute does not provide examples of acceptable abbreviations for these words; however, it is likely that "Ltd." and "Co." can be used, but not "Liab.'"

What is a registered office in Pennsylvania?

Every Pennsylvania LLC must have an agent for service of process in the state. In Pennsylvania, this is called a registered office (most other states require a registered agent ).This is an individual or business entity that agrees to accept legal papers on the LLC's behalf if it is sued. The registered office may be an Pennsylvania resident or a business entity authorized to do business in Pennsylvania. The registered office must have a physical street address in Pennsylvania. You can find information on Pennsylvania commercial registered office providers here.

Is a single member LLC the same as a multi member LLC?

For most formation purposes, a Pennsylvania single-member LLC is considered the same as a multi-member LLC. The steps to form a single-member LLC in Pennsylvania are the same as those listed above. Single-member LLCs do have additional flexibility when it comes to filing a tax return.

What is LLC in business?

A limited liability company (LLC for short) is a way to legally structure a business. It combines the limited liability of a corporation with the flexibility and lack of formalities provided by a partnership or sole proprietorship.

Is an LLC operating agreement required in Pennsylvania?

An LLC operating agreement is not required in Pennsylvania, but is highly advisable. The Operating Agreement is the primary document that establishes the rights, powers, duties, liabilities, and obligations of the members among themselves and to the LLC.

How much does it cost to start an LLC?

In most states, this is the Secretary of State, and the fee to file articles of organization is usually $50 to $100, ...

What is the minimum annual tax for an LLC?

This is a tax you must pay regardless of how much your LLC earns. The state with the highest minimum annual tax for LLCs is California, which charges $800 per year.

How much does it cost to file articles of organization?

In most states, this is the Secretary of State, and the fee to file articles of organization is usually $50 to $100, although in Alaska it's $250.

How to use a fictitious business name?

To use a fictitious business name, you must file an application and pay a filing fee. In some states, you file a single state-wide application with one state agency, such as the Secretary of State. In other states, you must file an application at the county level in every county where you have a business office.

How much does it cost to get a business license?

Most states have local license requirements. The cost to obtain a business license is usually $50 to $100.

How often do you need to file an LLC?

In most states, an LLC is required to make a filing every one or two years with the Secretary of State to keep the LLC's contact information up-to-date. This filing is often called an annual (or biennial) report, periodic report, or statement of information. A filing fee must be paid along with the report or statement.

Do I have to use a different name for my LLC?

You don't have to operate your LLC under the legal name listed in your articles of organization. You can use a different name, called a fictitious business name, assumed name, or DBA (for "doing business as"). This is purely optional; you can stick with your original LLC name if you want.

What is LLC in business?

A limited liability company (LLC) is a hybrid between a partnership and a corporation. It may be thought of as a limited partnership without a general partner. Owners of a limited liability company are called members and may include individuals, corporations or other LLCs.

What is a limited liability company?

The limited liability company provides the liability protection of a corporation for owners, with the advantage of being treated as a partnership for taxation purposes. A limited liability company may have any lawful purpose other than acting as an insurer, regardless if the propose is for profit. Limited liability companies are generally presumed ...

What is a restricted professional service?

Restricted professional services are defined as the following professional services: chiropractic, dentistry, law, medicine and surgery, optometry, osteopathic medicine and surgery, podiatric medicine, public accounting, psychology or veterinary medicine.

What is a general public benefit?

A general public benefit is defined as a material positive impact on society and the environment, taken as a whole and assessed against a third-party standard, from the business and operations of a benefit company. A benefit company may also have as a purpose the creation of one or more specific public benefits.

How to amend an LLC?

1. Check your LLC’s founding documents. The operating agreement should include a process for proposing and finalizing amendments. Be sure to follow the procedure outlined by your operating agreement for amendments. 2. Vote for the amendments.

Do you need an operating agreement for an LLC?

Depending on your business and state, you might need to have the agreement of most if not all of the members of your LLC. Sometimes the operating agreement might outline the rules for how many members are needed to make an amendment.

Can an LLC change ownership in Pennsylvania?

On a Certificate of Amendment , Pennsylvania LLCs can change their ownership or membership. Some states requires that the LLC report any changes made in membership, such as a transfer of large amounts of ownership.

Can you change the registered agent of an LLC in Pennsylvania?

In Pennsylvania, you can use the Certificate of Amendment to change the registered agent of the LLC. But, Pennsylvania prefers that LLCs use the Certificate of Change of Registered Office form.

Can you change your LLC name in Pennsylvania?

In Pennsylvania, amendments to an LLC can include changing the name of your LLC, updating the address, switching your registered agent, or changing the owners of your LLC. To make these corrections, you will need to file a document that ensures that the corrections have been placed on the official record.