When you’re there are many different reasons to determine just one-user LLC to suit your needs, you will find drawbacks to understand as well. The first of them is actually prices. An LLC was susceptible to state creation fees, and lingering costs such as for instance yearly declaration charges and you may team taxes.
This individual-and that is a business service company-gets judge papers in your stead, that is especially beneficial in your situation out-of a lawsuit or courtroom situation. The fresh new registered agent’s identity and you can target need to be included in the formation document.