FAQ
What's the difference between a sole proprietor (DBA) and an LLC?
Personal liability protection, also called "the corporate veil". An LLC protects owners from being personally accountable for business liabilities or debts. A sole proprietorship (DBA) doesn't.
What's the difference between Corporation (Inc) and an LLC?
Both offer personal liability protection, but a Corporation (Inc) can issue shares of stock and go public.
Which business structures give me personal liability protection?
LLC, Corporation and Nonprofit business structures offer personal liability protection, the "corporate veil". By forming a DBA, you are simply securing the business name, but don't get the "corporate veil" of protection.
Can the business owner act as the Registered Agent?
Most business owners act as their own registered agent. However, if you have an out-of-state address, or want to name an outside person or business entity to act as the registered agent, NFS US can appoint an agent on your behalf for an annual fee ($99/year).
Do I Need a New Federal Tax ID (EIN) Number?
When forming a company such as an LLC, Corporation or Nonprofit Organization, it is necessary to obtain a new EIN number. A company cannot use an old EIN number that may be attached to a previous business. A sole proprietor can operate using their SSN or choose to obtain an EIN. However, using your SSN for everyday business transactions puts you at higher risk for identity theft.
What business types require registration to operate?
- A Limited Liability Company (LLC)
- A Sole Proprietor using a DBA
- A Corporation
- An S-Corporation
- A Partnership
- A Professional Association
- A Limited Liability Partnership
- A Non-Profit Organization
How to Apply:
Why Choose Us?
Just like you, NFS US is a small business. With almost over a decade experience in business formation, our goal is to help start your business with the confidence thats its done accurately. We bundle multiple services together, and provide you with dedicated support making your business startup fast, easy and free from costly errors. Gauranteed!