Question 1

What is the difference between an LLC and a Corporation?

Accepted Answer

An LLC offers flexible management and pass-through taxation, ideal for small businesses. A Corporation has a more formal structure with shareholders, directors, and officers, suited for businesses seeking investment or planning to go public.

Question 2

How long does it take to form my business?

Accepted Answer

Standard processing typically takes 3-7 business days depending on your state. With expedited filing service, as fast as 24 hours.

Question 3

Do I need a registered agent?

Accepted Answer

Yes, all 50 states require businesses to have a registered agent with a physical address in the state of formation. BusyFirm provides free registered agent service for the first year with the Standard and Premium packages.

Question 4

What is an EIN and do I need one?

Accepted Answer

An EIN (Employer Identification Number) is a federal tax ID number assigned by the IRS. You need one to open a business bank account, hire employees, and file business taxes.

Question 5

What is included in the $0 Starter package?

Accepted Answer

The Starter package includes preparation and filing of your Articles of Organization/Incorporation, name searches included with active subscription, company alerts during your subscription, online dashboard access, and a free business tax consultation.

Question 6

What happens if my filing is rejected?

Accepted Answer

If the state rejects a filing because of an error we made, we correct it and re-file at no charge.