No, but you might want one. Forming an LLC helps protect your personal assets. It also unlocks the ability for you to open bank accounts, enter into contracts, hire employees, and get business licenses and permits.

Both protect owners so they're not personally on the hook for business liabilities or debts. But, key differences include how they're owned (LLCs have one or more individual members, and corporations have shareholders) and maintained (corporations generally have more formal record-keeping and reporting requirements)

You choose. Single-member LLCs can file as a sole proprietor. Multi-member LLCs can file as a partnership. Any LLC can file as a C or S corporation.

Tell us what you'd like to call your business, and we'll see if that name is up for grabs. (You can do this at the end if you don't have a name picked out yet.) Answer a few more questions. Pick a price plan that fits your needs, and we'll complete and file your paperwork with the state.

It depends. Our price plans start at $350 (plus filing fees), and you can add more services as you go to suit your business. Something to keep in mind—these costs are often tax-deductible.