Establishing a Limited Liability Company (LLC) in Alabama may be a wise decision if you’re thinking about launching a business. An LLC is a type of business organization that combines the tax advantages of a partnership with the liability protection of a corporation. An LLC can be created in Alabama for a reasonable price, which attracts business owners.
An LLC must pay $150 to create in Alabama. The Secretary of State’s office in Alabama will receive this payment, which covers the cost of filing your articles of organization. A registered agent must also be chosen to represent your LLC. Legal documents must be delivered to a registered agent on your LLC’s behalf. If you have a physical address in Alabama, you can act as your own registered agent or employ one.
Popular online service LegalZoom provides help with LLC formation. Before utilizing any internet service, it is crucial to conduct research. LegalZoom is a legal business, but they charge a lot more for their services than the state filing fee. Furthermore, employing an internet provider could not give you the degree of individualized care and assistance you need to effectively incorporate your LLC.
You can use your LLC name to search the internet database of the Alabama Secretary of State to find your company ID there. Once you’ve located your LLC, you can examine your entity ID as well as other crucial details like the name and address of your registered agent.
One kind of LLC that enables you to construct many series within of one LLC is a series LLC. Each series has its own people, business assets, and liabilities. The formation cost for a Series LLC in Alabama is the same as for a standard LLC. Before establishing a Series LLC, you should speak with an attorney or accountant because some states do not recognize the Series LLC structure.
In conclusion, Alabama’s LLC formation fee is $150 plus the cost of a registered agent. Although convenient, online firms like LegalZoom charge more than the statutory filing fee. The Alabama Secretary of State’s website allows you to look for your business ID, and while the Series LLC is legal there, it might not be in every state.
Yes, LLCs must submit an annual report to the Secretary of State’s office in Alabama. The yearly report has a $100 filing fee. Every year, the report is due on April 15th. If the report is not submitted by the due date, there may be penalties, and if it is late for an extended period of time, the LLC may be dissolved.
As long as it is not being used by another Alabama business entity, you are permitted to trade under any name. However, you must submit a trade name registration form to the Alabama Secretary of State if you wish to conduct business under a name other than the name of your LLC. There will be an extra charge for this registration.