FAQ's  (rough draft still have to edit for grammar and sentence structure)

1)    What is a Limited Liability Company?

A Limited Liability Company or LLC is a separate business structure from the owners (known as members) of the LLC.  An LLC ,can be viewed as a hybrid of a corporation and a partnership.  An LLC is similar to a corporation as the members are shielded from personal liability.  An LLC is similar to a partnership as profits and loses pass directly to the members without taxation of the LLC itself. Therefore, an LLC offers an alternative to partnerships and corporations by combining the corporate advantages of limited liability with the partnership advantage of pass-through taxation.

2)    What are the advantages or benefits of an LLC?

An LLC or limited liability company offers two primary benefits:

Protection from Personal Liability: One of the primary benefits is that an LLC offers it 's members protection from personal liability.

Pass-Through Taxation: An LLC offers pass-through taxation. This is a significant tax benefit as the earnings of the LLC are only taxed once via pass-through taxation.

    Other benefits of an LLC include:

Limited Liability: For the members of an LLC, liability is limited to the amount of capital which the member has invested in the LLC. Thus, LLC members are offered the same liability protection as if they were shareholders of a corporation.

Flexible Ownership & Management Structure: In general, LLC's are free to set up any organizational structure agreed upon by its members.

In summation, an LLC, in addition to conferring limited liability and flexibility of ownership and management, offers free transferability, continuity, and centralized management.

3)    What is the organizational structure of an LLC?

In general an LLC is owned by the members (also known as owners) of the LLC.  The LLC may be managed by its members.  Management by the members is the most typical method for a small business.  In fact, member management, is the normal default rule of state law.  If management is by the members then each member is a manager of the company. If the LLC is managed by its members, it operates like a partnership.  That is, in member managed LLC's, each member of the LLC has an equal say in the management of the LLC.

In the alternative, such as in an extremely large company, if the members choose, the LLC may have a manager oversee the LLC.

Note: On our order form we allow you to choose how you would like the management of the LLC set up.

4) What can I name the LLC?

You may choose any name name for the LLC that you desire. However the name must not be the same name of an existing LLC.  When
you place an order with us, we will promptly perform the name check for you.  If your name is unavailable we will immediately call and email you for another name.

5) What is the LLC Kit and what is it utilized for?

After we complete the filing of your LLC, your LLC can hold an organizational meeting wherein an operating agreement, which is included in our LLC Kit,  is adopted. In addition, membership certificates can be handed out to members of the LLC.  These membership certificates, which are also included in our LLC Kit, indicate the particular holder's percentage of ownership in the LLC. This issuance of certificates, is, in essence, how ownership of the LLC is evidenced.

All the above information can be maintained in a LLC record book, which is likewise included in the LLC Kit.  Specifically, the LLC kit includes a professional customized binder with the LLC name and matching leather bound slip case, customized steel LLC seal, 20 custom membership certificates with your LLC's name , sample operating agreement and transfer ledger.

Note: In several states, the LLC Kit w/ seal is necessary to open a bank account under the LLC.  Furthermore, the LLC Kit can be found on our Order Form.

6) How do I get started?

Upon receiving your completed order, Keyincorporators will file and execute all the necessary documentation to file your LLC. To place an order, simply utilize our online order form.