LLC LLC Formation Preferred Name of the LLC with a Backup name Address of the LLCFull Legal Name, Address, Phone Number, Email Address of the OwnerThe Law requires a Service of Process address and recipient in the event they need to mail documents or someone needs to serve a summons in case of a lawsuit. The question is Who is the person to be served and at what address.LLCs have Owners (which are actually called “Members”) and they also have to designate a Manager or Managers to run the LLC, the Member and Manager can be the same person. Who will be managing the LLC? I.e., responsible for the day to day operations of the LLC. What is the purpose of the LLC? What will you be doing with the LLC. Some businesses, such as Tobacco sales, have different and additional information that need to be utilized. Taxes. Will the LLC be taxed as a corporation or a partnership? You are advised to talk to your accountant, but the usual selection is a partnership taxing status (which is a pass-through entity) and you will be taxed on your personal return as a Schedule C. Otherwise, the corporation taxing style will result in double taxation. The LLC will be taxed on the profits and then you will be taxed on what is left over after taxing the LLC.
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