West Virginia LLC
For West Virginia LLC prices and State fees, please visit the costs page for forming an LLC in West Virginia.
West Virginia llc formation is an alternative to corporations and partnerships. The West Virginia LLC is a separate legal entity, unlike a sole proprietor, however the taxation is nearly identical to a partnership or sole proprietor. The West Virginia Limited Liability Company is a pass-through taxation entity. This means that the profits of the company pass through the LLC to the owner(s), who pay taxes on the company profits. The same taxation can be applied to corporations, however the corporation must file for the "S election" tax status, IRS form 2553. The business structure differences, can be explained to you by Companies Incorporated representatives, just call (800) 830-1055.
West Virginia Limited Liability Company offers a great deal of protection between the owners’ personal life and that of the business. To maximize the protection of a West Virginia LLC, the company must be operated correctly, and although West Virginia llc formation has fewer formalities than a corporation, it is always good practice to ensure that the business is operating as its own entity. Some examples are; maintain good standing with the West Virginia state office by filing timely annual reports, maintain a registered agent, or a physical address on public record for the business and document decisions made by the directors / officers of the company that are approved by the shareholders, or owners. For more information on incorporating and forming an LLC, call Companies Incorporated at (800) 830-1055.
West Virginia llc formation offers a high level of protection from liability, as does a corporation, however the West Virginia Limited Liability Company has fewer restrictions as far as who and how many people can own it, such as S Corporations. West Virginia llc formation adds credibility over an unincorporated business with vendors, creditors and prospect customers. Consumers prefer to conduct business with a legitimate company to a privately owned business such as a sole proprietorship. For more information on Limited Liability Companies, call Companies Incorporated at (800) 830-1055.
