Education Center
Learn before creating your LLC
At CONAIH, we believe that an informed client makes better decisions. That is why we created this educational space to help you understand how an LLC works in the United States.
Clear information to make decisions with confidence
Here you will find simple answers about LLC formation, benefits, taxes, EIN, business bank accounts, and legal compliance.
Business formation
Learn the basic concepts before creating your LLC, corporation, or business entity in the United States.
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Learn with simple, professional, and easy-to-understand explanations for new entrepreneurs.
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Everything you should know before creating an LLC
Quick and useful answers to better understand the process of forming a company in the United States.
An LLC, or Limited Liability Company, is a business structure in the United States that helps separate the owner’s personal liability from the obligations of the business.
Its benefits include personal liability protection, administrative flexibility, a professional image, and the ability to operate in a more organized way in the U.S. market.
An LLC is usually more flexible and easier to manage, while a corporation has a more formal structure, with shares, directors, and additional corporate requirements.
The time may vary depending on the state where the company is registered and processing availability. In many cases, the process can be completed within a few business days.
Not necessarily. Many people who live outside the United States can create an LLC, as long as they meet the corresponding requirements of the state where they register the company.
The cost depends on the state of registration, government fees, and additional services you may need, such as an EIN, registered agent, business address, or personalized guidance.
Yes. An LLC can help you open a business bank account, although each bank may request specific documents such as Articles of Organization, an EIN, and owner information.
An EIN is a tax identification number issued by the IRS. It is generally used to open business bank accounts, hire employees, and comply with tax obligations.
An LLC may have tax obligations depending on its activity, structure, income, and state of registration. It is recommended to receive professional guidance to understand your responsibilities.
To keep an LLC compliant, you must handle annual reports, renewals, taxes, registered agent requirements, and any requirement of the state where the company is registered.
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