where do i get this llc at

trying to get all my video and sh..t to gether for our website, hopefully will be done by the end of the year

LLCs are popular because, similar to a corporation, owners have limited personal liability for the debts and actions of the LLC. Other features of LLCs are more like a partnership, providing management flexibility and the benefit of pass-through taxation.

Owners of an LLC are called members. Since most states do not restrict ownership, members may include individuals, corporations, other LLCs and foreign entities. There is no maximum number of members. Most states also permit “single member” LLCs, those having only one owner.

A few types of businesses generally cannot be LLCs, such as banks, insurance companies and nonprofit organizations. Check your state’s requirements and the federal tax regulations for further information. There are special rules for foreign LLCs.

Subchapter S

An eligible domestic corporation can avoid double taxation (once to the shareholders and again to the corporation) by electing to be treated as an S corporation. Generally, an S corporation is exempt from federal income tax other than tax on certain capital gains and passive income. On their tax returns, the S corporation's shareholders include their share of the corporation's separately stated items of income, deduction, loss, and credit, and their share of nonseparately stated income or loss.

If you are an S corporation use the information in the charts below to help you determine some of the forms that you may be required to file.

An S will save you quite a bit of cash on taxes because coporate gains will flow thru to your personal tax returns. If you plan on leveraging yourself up for this venture...an LLC will limit your "liablity" to your lenders, however you will still need to PG any note because they will treat you as a start up company. This will ultimatly defeat the purpose of a LLC because the lenders will have leins on your personal assets because of the PG "personal guarentee".