This nice 3 bedroom 2.5 bath home is located in the Southwest Virginia mountains just outside of Hillsville, VA! Features include 20 +/- mile countryside views, great room with rock fireplace, formal dining area, entry foyer, and much more! The home is situated on a very nice lot with a paved drive, public water system, and views all around! Come experience the mountains of Southwest Virginia! This listing is brokered by Primm Real Estate Firm, LLC. We are located at 226 West Stuart Drive, Hillsville, VA 24343. You may reach us by e-mail at firstname.lastname@example.org, our website at www.primmrealty.com, or by phone at 276-728-2596. Licensed in Virginia.
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Question by daddy8ball: What’s a cheap way to start LLC in Virginia?
I want to start a LLC for as little cost as possible. Legal Zoom wants $ 600! Is there a cheaper way/web site?
Answer by mainecpa Why do you think you need to organize an LLC? Do you understand the difference between an LLC, an S corporation and a sole proprietor?
There are both legal and tax ramification to all these organizational structures.
I just googled “compare llc and s corp” and this is a good summary
You should be able to find a local lawyer who will charge no more than $ 600. That is a reasonable price. With a local person, you have an available resource for other issues. Legal Zoom will not answer your questions a month from now, I’ll bet.
If you fail to maintain the formal details of your LLC, (On a year-to-year basis) you run the risk of someone “Piercing the corporate veil” (google it) which makes the corporate structure null and void and eliminates the liability protection.
Know better? Leave your own answer in the comments!