If you’re there are many different reasons to determine an individual-user LLC to suit your needs, there are downsides to be familiar with too. The original of those are rates. An enthusiastic LLC is susceptible to county creation costs, along with constant charge such as for instance annual statement charges and you will team taxes.

This individual-in fact it is a business service company-get judge papers for you, which is especially beneficial in the scenario out-of case otherwise court issue. This new entered agent’s identity and you may address need to be included in the creation file.

• Their LLC’s identity need to include “LLC” or “Limited-liability Organization” or any other foibles associated with the naming your unmarried-user LLC dependent on your state.