215-482-0285
Philadelphia Business Lawyer Sarah E. Holmes
  • Home
  • Attorneys & Areas of Law
    • Business Entities >
      • Corporations
      • Limited Liability Company (LLC)
    • Business Purchase or Sale
    • Raising Capital & Investor Agreements >
      • Promissory Notes and Debt Financing
      • Private Placement and Equity Financing
    • Business Contracts >
      • Consulting Agreement
      • Employment Contracts
      • Independent Contractor (1099) Agreements
      • Website Terms and Privacy Policies
    • Copyright & Trademark
    • Hiring Employees/NDA/Non Compete
    • Succession Planning
    • Commercial Lease
    • The Right Start Program
  • About
    • Speaking and Events
    • Webinars
    • Client Testimonials
    • Privacy Policy/Terms of Use
    • Contact
  • Business Success Tips
  • Flat Fee Packages
    • New Businesses
    • Existing Businesses
    • Dispute Resolution
    • Trademarks & Copyright
    • Succession Planning
  • Reviews
215-482-0285

Looking to Form a Limited Liability Company (LLC) in Philadelphia?

Call our top-rated business lawyers at
​
 215-482-0285 ​or ​​​Book a Call Now

Starting a Single-Member LLC? 
Secure your spot with our top-rated business lawyers by ordering your single-member LLC formation online at the link below.
​

Order Online Now

Forming a Limited Liability Company in Philadelphia, PA


A Limited Liability Company (LLC) is often the top choice for new business owners.  Why? It offers a lot of flexibility in terms of structure and doesn't have the strict record keeping requirements as a corporation. However, for a business with multiple members, it's wise to keep formal records of meetings and votes, even if not formally required by law.

A limited liability company has the following benefits:
  • members have limited liability for debts and contracts of the business (assuming they are doing the right things);
  • flexibility in management;
  • can be owned by another LLC;
  • in Pennsylvania, no annual filing requirements for the entity (unless it's a professional LLC);
  • can elect to be taxed as s-corporation

How do you form an LLC? 

​There is paperwork to be filed at the state level, usually a certificate of organization or certificate of formation.

What else do you need for an LLC? Most banks won't open a business bank account without an Operating Agreement, even if there's just one member.  For multi-member LLCs, an Operating Agreement is a MUST.  Failing to have one in place means your entity is subject to the state's default rules in the event of a dispute or other internal disagreement related to the business.  That can be a nasty result for multi-member LLCs.

What is a registered agent?

​A registered agent is someone appointed to accept service of a lawsuit in the event the LLC is sued. It is not the same thing as the business address.

Can I form an LLC with a PO Box?  In Pennsylvania, you cannot open an LLC with a post office box, it must be a physical street address.  However, something like a UPS store or Mailbox Plus or otherwise will sell you a "box" but it will have an actual street address.  You might also consider a virtual office.

Beware of online services that claim to form your LLC for no charge. If you read the hidden print, there are often back end ways these companies make their money, either by charging a registered agent fee, a fee for an operating agreement, or an annual compliance fee.  Remember, few things in life are truly free.

If you'd like the help of a business attorney to form a Pennsylvania or New Jersey LLC, or help deciding which business entity is best for your business, reach out to our center city or main line business law office.
Call​ our top-rated business lawyers at 215-482-0285 ​or ​​​Book a Call Now

We'll help you navigate the process of forming your LLC. 

Starting a Single-Member LLC? 
Secure your spot with our top-rated business lawyers by ordering your single-member LLC formation online at the link below.
​

Order Online Now
Vertical Divider

Holmes Business Law, P.C.

​1515 Market Street, Suite 1200,
Philadelphia, PA 19102

___________________________
40 E. Montgomery Avenue
4th Floor, Ardmore, PA 19003
​
​© 2022 by Holmes Business Law P.C.
All rights reserved.
Vertical Divider
ATTORNEYS & AREAS OF LAW 
Business Entities
Business Purchase or Sale
Raising Capital & Investor Agreements
Business Contracts
Copyright & Trademark
Hiring Employees/NDA/Non Compete
Succession Planning
Commercial Lease
The Right Start Program
Vertical Divider
BUSINESS SUCCESS TIPS 
ABOUT 
Speaking and Events
Webinars
Client Testimonials
Privacy Policy/Terms of Use
Contact
FLAT FEE PACKAGES 
New Businesses
Existing Businesses
Dispute Resolution
Trademarks & Copyright
Succession Planning
REVIEWS

​All site content is subject to copyright 2021 by Holmes Business Law P.C.
This website and its content herein constitutes attorney advertising.  Any content on this website should be construed as informational, not legal advice.  No information on this website is intended to create an attorney-client relationship.  Only a signed fee agreement between Sarah E. Holmes and the client will establish an attorney-client relationship.  Use of any information on this site is provided "AS IS" with no warranty of any kind, either express or implied.  Always consult with a licensed attorney in your own state for legal advice.
  • Home
  • Attorneys & Areas of Law
    • Business Entities >
      • Corporations
      • Limited Liability Company (LLC)
    • Business Purchase or Sale
    • Raising Capital & Investor Agreements >
      • Promissory Notes and Debt Financing
      • Private Placement and Equity Financing
    • Business Contracts >
      • Consulting Agreement
      • Employment Contracts
      • Independent Contractor (1099) Agreements
      • Website Terms and Privacy Policies
    • Copyright & Trademark
    • Hiring Employees/NDA/Non Compete
    • Succession Planning
    • Commercial Lease
    • The Right Start Program
  • About
    • Speaking and Events
    • Webinars
    • Client Testimonials
    • Privacy Policy/Terms of Use
    • Contact
  • Business Success Tips
  • Flat Fee Packages
    • New Businesses
    • Existing Businesses
    • Dispute Resolution
    • Trademarks & Copyright
    • Succession Planning
  • Reviews