Are you starting a new businesses or already in a business and want a cheap LLC formation probably because you’re on a budget or a broke business entity?
You might have checked out all LLC formation services online and found out they are all expensive and you’re not equal to the task or you’re not ready to spend much for starting a new business.
However, starting an LLC costs from $400 – $1000 and sometimes even more depending on the formation company handling the paper works for you and extra services they offered.
Not to worry, we researched and prepared this guide for you.
You’ll know exactly how to form a cheap LLC or a cheap LLC formation service and you’ll only have to spend just $178 to form your new business without selling your soul.
That sounds awesome, right?
You’ll be able to do the following:
- Form an LLC.
- Get an EIN/Federal Tax ID (Employer Identification Number).
- An Operating Agreement.
- A US Physical Address.
Cheap LLC Formation
We are going to form a cheap LLC with the help of Inc Authority, we have been forming LLC’s for our clients with the help of Inc Authority and they always deliver quality services.
Meanwhile, follow the short tutorial below and you’ll be a proud owner of an LLC Business with just $178.
Step #1 to Cheap LLC Formation
Go-to IncAuthority.com and when you arrive, click on the start now for free tab.
Step #2 to Cheap LLC Formation: Select Entity Type and Filling State.
In your entity type, select Limited Liability Company (LLC) and in the Formation State, select Kentucky.
We choose Kentucky because it’s the cheapest state to file an LLC.
Click on Save & Continue.
Step #3 to Cheap LLC Formation: Enter Your Personal Details
In this step, enter your First and last name, email and contact phone number.
You’ll need a US Phone number, you can use the one on the picture or get a Skype number at $7.99.
Click on save and continue.
Step #4 to Cheap LLC Formation: Enter Your Business Details
Enter your business name and business description (if you have a clothing online store, say you have an online and you sell clothings and apparel).
A brief description of your company, a sentence or two describing your business.
Select your business benefit and click save & continue.
Step #5 to Cheap LLC Formation : Business Address
You need a US Address to continue in this step, go-to Shipito.com and signup.
You’ll get a US address instantly, use it and continue your signup. Takes just 1 minute.
In your US Address, note that CA means California.
Step #6 to Cheap LLC Formation : EIN/Federal TAX ID
The interesting part about IncAuthority is they get an EIN for you at $49, which is considered as the cheapest place to get one. Others charge from $95 and above.
You need to include the EIN/Federal Tax ID which is very important!
Click save and continue.
Step #7 to Cheap LLC Formation : Operating Agreement
Operating agreement is important because it provides proof you own the business.
In case any problem occurs in future, you can be able to correct them with your operating agreement and in case Stripe requires it.
Select the operating agreement and proceed with the form.
Step #8 to Cheap LLC Formation : Addons
The next pages contains Addons and they include the following:
- INC Protection Advisor. $27/month.
- LawSuit Protection. – $99.
- Express Delivery – $49.
- Domain Name – $29.95
- Business License Package – $99
All these ad-dons are not important, so you can skip all of them until you get to the payment stage.
Step #9 to Cheap LLC Formation : Make Final Payments
At the end, you’ll only be paying for State Filling Fee, EIN and Operating Agreement.
Other formation companies charge a lot for offering this service but IncAuthority Charges $0 Service fee.
Now you need to make payment using either Debit/Credit Card or PayPal.
For the Delivery Option, you can select $0 free delivery (Electronic Delivery) and they will be delivered to your email.
Finally, that is all. You’ve successfully created your LLC Business Name and Inc Authority will take it over from there.
You can read or Inc Authority reviews for more information on the formation company.
Have any questions? You can drop them in the comment box below.
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