How do you start a limited liability company (LLC) that is not a nonprofit but still has tax benefits?
How do you start a limited liability company (LLC) that is not a nonprofit but still has tax benefits? Tim Cella Former Paralegal at Ascent Law (2018–2021) I suggest you start with hiring a competent lawyer who works with nonprofits and LLCs, otherwise it’s likely to go poorly. With that being said, forming a limited liability company (LLC) that is not a nonprofit but still has tax benefits is follows this process: The first step is to choose a name for the LLC and ensure it is available. The name must end with “LLC," “L.L.C.,” “Limited Liability Company,” or some abbreviation of those words. The name should also not be too similar to existing business names. The second step is to file the Articles of Organization with the Secretary of State’s office (or if you are in Utah, it’s the Department of Commerce) (it might be different in your jurisdiction). The Articles of Organization will include information such as the LLC’s name, its purpose, the n...