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  • A Step By Step Guide To Forming A Limited Liability ... - Penn State Law - Law Psu

Get A Step By Step Guide To Forming A Limited Liability ... - Penn State Law - Law Psu

A Step by Step Guide to Forming a Limited Liability Company in Pennsylvania Prepared by Jennifer Bonacci, Legal Research Assistant 2006 Penn State Dickinson School of Law Agricultural Law Resource.

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How much does an LLC in Pennsylvania cost per year? All Pennsylvania LLCs need to pay $70 per year for the Decennial Report. These state fees are paid to the Department of State. And these are the only required annual Pennsylvania LLC fees.

Because an LLC is a separate entity, the owners of the company have limited liability. This is one of the most important benefits to operating as a limited liability company. Limited liability means that the individual assets of LLC members cannot be used to satisfy the LLC's debts and obligations.

Pennsylvania State Income Tax Single member LLCs, only have to pay the state's personal income tax, which is 3.07%. If your LLC is filing as a C-corp, you pay Pennsylvania's 9.99% corporate net income tax rate and the state's corporate loans tax, which is 4 mill on each dollar.

An LLC operating agreement is not a legal requirement to run a business in the State. However, without an operating agreement, personal assets of the LLC members are vulnerable should the company be involved with legal action.

Benefits of an LLC in Pennsylvania Limited Liability Protection. ... Pass-Through Taxes. ... Simplicity and Flexibility. ... Increased Perception of Credibility and Reliability. ... Businesses that can't start an LLC in Pennsylvania. ... Should the legal formation of an LLC get handled by Attorneys or an LLC formation service?

Domestic Limited Liability Company Certificate of Organization$125Additional fee for each association that is a party to a merger or consolidation$40Additional fee for each new association resulting from a division$125Annual Registration (restricted professional companies only)at least $5003 more rows

How to Form a Single-Member LLC in Pennsylvania Name Your SMLLC. ... File a Certificate of Organization. ... Prepare an Operating Agreement. ... Do You Need an EIN? ... Register With the Department of Revenue. ... Obtain Business Licenses. ... Annual Registration for Professional SMLLCs.

Benefits and drawbacks of forming an LLC in PA LLCs also have more tax flexibility, allowing members to choose between pass-through taxation and corporation taxation. On the downside, LLCs are subject to high self-employment taxes, and an LLC is costlier to start than a sole proprietorship or general partnership.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232